Dallas, Texas 03/04/2014 (FINANCIALSTRENDS) – Mechel OAO (ADR)(NYSE:MTL) is one of the limited number of Russian companies engaged in mining which is listed on US browsers. The company has been in the business with extensive steel, and ferroalloys as well as power sector stakes. It currently produces various kinds of coke.
Mechel OAO (ADR)(NYSE:MTL) has been producing mining products like iron ore, nickel and steel products. The company operates at two levels- production as well as sales of coking coal. The focus remains on concentrates of coking coal as well as iron ore concentrates as well as other types of coke assets which are part of the Russian Federation as well as United States.
Mechel OAO (ADR)(NYSE:MTL) also operates the steel segment, which includes services such as production and sale of steel products which are semi-finished. Other products include carbon, specialty products, and stainless flat products, besides value-added metal products, which are rather long or flat products.
Additionally, there a range of value-added downstream metals products. These are typically used with hardware as well as stampings. Mechel OAO (NYSE:MTL) also has arrange of production facilities. These are domestically located in various places, extending United States, Lithuania, Ukraine, United Kingdom as well as Bulgaria.
Mechel OAO (ADR)(NYSE:MTL) has recently concluded a deal which involves the disposal of 100% of Toplofikatsia Rousse EAD. As of July 2013, the company has sold the stake in holds in Invicta Merchant Bar.
Mechel OAO (ADR)(NYSE:MTL) has also indicated that the ADR values are atleast 20% higher on the American browser, in comparison to Moscow’s price. Analysts assume that the NYSE stock is taking advantage of the difference in the USD and Russian Rubbles to remain on the legal side of trading at 20 higher. Industry experts indicate that the ADRs are not trading at the same level as the domestic listing on the Russian stock exchange.