24 Nov 2009 14:48

Mechel's Chelyabinsk plant could up output 9.3% in 2010

CHELYABINSK. Nov 24 (Interfax) - Chelyabinsk Iron & Steel Works, the flagship enterprise of the Mechel (RTS; MTLR) coal and steel group, aims to raise commercial output 9.3% over this year's forecast level in 2010 to 4.5 million tonnes, the plant's managing director, Sergei Malyshev, told reporters.

Malyshev said the plant was aiming to produce 4.115 million tonnes in 2009.

It produced 4.105 million tonnes of roll in 2008.

Mechel has metals, coal, power and transport assets in Russia, Romania, Lithuania and Kazakhstan. Igor Zyuzin, the chief executive, is the group's main beneficiary. The free float in American Depositary Receipts (ADR) is around 25%.