SteelNews.com Article
Mechel Retains Leadership among Russian Hardware Producers
Mar. 19, 2010 Mechel OAO cites a report released in early March by Prommetiz stating that Mechel’s steel division plants retained their leading position among Russian hardware producers that are members of the association during January and February.
The two plants of Mechel’s steel division—Beloretsk Metallurgical Plant ОАО (BMK OAO) and Vyartsilya Metal Products Plant ZAO (VMZ ZAO)—jointly produced more hardware than any other member companies. The plants first gained the leading position at the end of 2009.
In January, members of Prommetiz produced 105,600 tonnes of hardware, and 119,600 tonnes in February.
In January and February, BMK OAO produced more than 64,500 tonnes of hardware, and VMZ ZAO’s output volume was above 17,000 tonnes of hardware. Mechel’s other steel division—Izhstal OAO—produced 5600 tonnes of hardware in the first two months of 2010.
“Due to the positive results of Mechel’s trading companies and effective cost-cutting program, we successfully restored our plant’s capacity utilization that allowed us to get leading positions on the market of high margin hardware products in 2009 and hold these positions in 2010,” said Vladimir Polin, Mechel OAO’s Senior Vice-President. “This once again confirms that our reasonable strategy of steel division development makes significant opportunities for growth.”
Prommetiz Association is the largest and most comprehensive Russian organization that provides data and analytical surveys about hardware markets. The largest hardware producers of Russia are members of this organization.