OREANDA-NEWS. On July 25, 2008 Mechel OAO published its official statement.

Mechel shares concerns of the Government of the Russian Federation, steel plants and metallurgical industry in regard to a growth in prices for steel products and raw materials in the recent time.

As was previously announced, Mechel has started the process of forming long-term commercial relationships with key partners and have signed a number of agreements for delivery of its products to till the end of this year.

Mechel is ready for cooperation with federal authorities of the Russian Federation and, if required, will provide complete information on any arising issues.