This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mechel Reports Completing Construction Of Grinding-Mixing Complex

Stocks in this article: MTL

CHELYABINSK, Russia, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces completion of the construction project for a grinding-mixing complex to produce cement.

The grinding-mixing complex was built in Chelyabinsk Metallurgical Plant's industrial zone. The complex is a modern production facility for cement and blast-furnace slag cement. Its annual capacity is 1.6 million tonnes. Investment in the project totaled 174.4 million US dollars.

The complex's chief technological advantage is the use of vertical roller mills that enable it to attain a maximum level of disintegration — grinding down to 4500-6000 Blaine fineness, which ensures cement strength and hardening rate. This is the first such production facility in Russia, constructed up to modern European standard.

Startup and commissioning works at the complex's site are currently completed, and guarantee tests of its equipment have begun, using waste from blast-furnace production.

"Constructing this complex on the basis of Chelyabinsk Metallurgical Plant enables us to process there blast-furnace slag, which is the chief raw material for producing high-quality cement. This way Mechel managed to establish a highly profitable complete-cycle production, based on rational use of the plant's by-product — waste from steelmaking. The new complex is equipped with modern, ecologically safe equipment, which ensures extremely low dust emissions — 30 milligrams per cubic meter," Mechel Materials OOO's Chief Executive Officer Nikolai Parkhomchuk noted.

The complex's chief produce, high-quality blast-furnace slag cement, is used in constructing above and underground structures subject to aggressive environments, in building hydro power stations, ferrous metallurgy and heavy industry facilities. It is also used in making wall blocks, concrete mixes, construction mortars, dry mixes and etc.

Mechel is an international mining and steel company which employs over 80,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs