Mechel OAO (MTL) Wrap Up:

Mechel OAO, through its subsidiaries, operates as a mining and steel company in the Russian Federation, Lithuania, Kazakhstan, and central and eastern Europe. The company operates in four segments: Steel, Mining, Ferroalloys, and Power. The Steel segment engages in the production and sale of semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; and value-added downstream metal products, including hardware, forgings, and stampings, as well as steel industry materials, such as limestone, coke, and coking products. The Mining segment involves in the production and sale of coking and steam coal, and iron ore. This segment operates coal mines located in the Kuznetsky Basin, near the city of Mezhdurechensk in southwestern Siberia; the Nerungrinsk and Kangalassk open pit mines and the Dzhebariki-Khaya underground mine located in the Sakha Republic in eastern Siberia, as well as holds the license rights to mine the undeveloped Elga coal deposit; and three open pit iron ore mines located near Zheleznogorsk-Ilimsky, central Siberia. This segment also offers coal washing services. The Ferroalloys segment engages in the production and sale of nickel ore; low-ferrous ferronickel that is used in the production of corrosion-resistant and heat resistant steel grades; ferrosilicon, which is used in ferrous metallurgy as a deoxidizer or as an alloying element for production of steel grades, or as a pig iron modifier; and ferrochrome that is used in the iron industry to alloy construction steel and heat-resistant and stainless steels. The Power segment engages in the generation and sale of electricity and heat power, which supplies electricity, gas, and heat power. As of December 31, 2008, it had a total installed capacity of 554 MW. Mechel OAO was founded in 2003 and is headquartered in Moscow, the Russian Federation.