Mechel’s fiscal year iron ore output unchanged

May 30, 2008

May 30 (Iron Ore Daily Post) – Russian Mechel’s iron ore production remained unchanged in the 2007 fiscal year, compared to FY 2006, according to quarterly results posted by the company yesterday. It reached an output of 4.96m tonnes of iron ore concentrates, pratically the same level than the previous fiscal year. On the other hand, Mechel’s mining arm lifted the output in other segments, such as coking coal and nickel, respectivelly by 7% and 19%.

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