This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chairman Of Mechel OAO Board Of Directors Attends Republic Of Korea Presidential Inauguration

MOSCOW, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that Chairman of Mechel OAO's Board of Directors Igor Zyuzin visited the Republic of Korea and attended the inauguration ceremony for the Republic of Korea's President Park Geun-hye.

By invitation of the Republic of Korea's President Park Geun-hye, Igor Zyuzin visited the Republic of Korea and attended the presidential inauguration ceremony. According to the Korean embassy in Russia, this was the first time in the country's diplomatic practice that the decision was made to invite as the president's personal guests business representatives from key partner countries which make a significant contribution to the South Korean economy.

As part of the trip, Mr. Zyuzin met with the heads of several of South Korea's largest companies — POSCO, Hyundai Steel and STX Business Group — to discuss further development of long-term ties in steelmaking, mining and logistics. The sides agreed to continue cooperation on long-term and mutually beneficial basis.

Mechel OAO has already signed strategic partnership agreements with these companies.

"We are grateful to President Park Geun-hye for her invitation to visit the Republic of Korea and witness such a significant event for the Korean people as the inauguration of their first female president. Mechel has high hopes for the development of the Republic of Korea and all of Asia, which we see clearly today. In our turn, we too feel the intense interest of major South Korean companies for Mechel Group's strategic projects. This may be considered as proof that our cooperation is mutually profitable," Mechel OAO's Chairman of the Board of Directors Igor Zyuzin noted.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs