Tag «Halting Production»

Mechel Reports Halting Production at Southern Urals Nickel Plant

Moscow, Russia — December 19, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports halting production at Southern Urals Nickel Plant OAO. Considering persistent negative trends on global nickel market and unfavorable forecasts for its recovery in the foreseeable future, the plant’s Board of Directors decided to halt …