Chairman of Mechel BoD Met with President of Minmetals Corporation
OREANDA-NEWS. June 14, 2012. Mechel JSC (NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel’s Chairman of the Board of Directors Igor Zyuzin met with Minmetals Corporation’s President Zhou Zhongshu during Mr. Zyuzin’s trip as part of the Russian delegation in the framework of Russian Federation’s President Vladimir Putin’s official visit to People’s Republic of China.
During the meeting, the sides discussed the issues of implementing the project for the construction of the universal rolling mill at Chelyabinsk Metallurgical Plant (ChMK), where Minmetals, one of
ChMK’s universal rolling mill will produce high-quality rails up to
Chairman of Mechel’s Board of Directors Igor Zyuzin noted: “For us the universal rolling mill construction project is a priority, as it has special importance for the entire country — it is being implemented to meet the needs of Russian Railways and construction industry in high-quality steel products, which will help to bring down their dependence on foreign imports and international market volatility.”