OREANDA-NEWS. On October 03, 2007 Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, announced results for the first half ended June 30, 2007, reported the press-centre of Mechel.

Igor Zyuzin, Mechel’s Chief Executive Officer, commented: “During the first half of 2007, Mechel continued to move forward with its plans for scaling up production volumes and increasing profitability.  In addition, the Company expanded its existing production capacity and acquired new assets that complement Mechel’s current operations. The Company’s operational progress, coupled with the ongoing favorable market conditions, enabled Mechel to achieve record financial results for the first half of 2007, tripling its operating income when compared to the same period last year.”

Full report see here: http://www.mechel.com/news/article.wbp?article-id=72D59DDE-778D-456F-B1D6-9FC2B3BF73BA