OREANDA-NEWS. December 09, 2009. Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, announced financial results for the nine months ended September 30, 2009, reported the press-centre of Mechel.

Igor Zyuzin, Mechel’s Chief Executive Officer, commented on the third quarter results: “Third quarter of 2009 appeared to be a good evidence of the fact that Mechel had successfully overcome the most difficult period of the world financial crisis and proved that our decisions were correct and we were able to change and adopt in a very difficult situation. We have stabilized our cash flows, restructured major part of our debt with international syndicate of banks, and moreover in the beginning of the fourth quarter we also restructured VTB loan, we totally recovered our steel production and most of it in mining. Hard work in the beginning of the year helped us to end third quarter with positive operational income and net income and significant EBITDA margin.”

Full report see here:
http://www.mechel.com/media/for_investors/fresults/9M09_release.pdf