December 02, 2008

Mechel eying ferroalloy assets in Russia

FIS recently reported that Mechel is planning to purchase ferroalloy assets in Russia and one of likely candidates for the purchase is Bratsk Ferroalloy Plant owned by IST Group.

At the same time analysts believe that Mechel may also get interested in other Russian ferroalloy assets like Klyuchevsky Ferroalloy Plant, a member of RosSpetsSplav and a major Russian producer of metallic chromium. Besides Mechel may also be looking closely at Kuznetsk Ferroalloys Company.