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PrintMechel OAO, one of the leading Russian mining and metals companies, announces 9M 2012 operational results.
Mechel OAO's Chief Executive Officer Evgeny Mikhel commented on the company's 9M 2012 operational results for ferroalloys:
"In the ferroalloys division, active inventory sales led to a significant increase of ferrochrome sales, which were up by 23% compared to the same period last year. The 15-percent decrease in nickel sales was due to lower production volumes following a weaker market. Ferrosilicon sales are steadily growing as the modernized furnace #4 at Bratsk Ferroalloy Plant is nearing its planned capacity.
Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
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