Mechel traded at 74.09 this Monday March 9th, increasing 2.68 or 3.75 percent since the previous trading session. Looking back, over the last four weeks, Mechel gained 1.01 percent. Over the last 12 months, its price fell by 36.66 percent. Looking ahead, we forecast Mechel to be priced at 68.85 by the end of this quarter and at 61.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties. It has freight seaports in Russia on the Sea of Japan and on the Sea of Azov, and a freight river port on the Kama River.