Mechel supplied rolled metal for the construction of a large circular line of the Moscow metroMechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and metallurgical company, reports about 22 thousand . tons of rails and other metal products construction of the Big Circle Line (BCL) of the Moscow Metro.
Moscow is preparing for the simultaneous launch of 10 metro stations in the western, south-western and southern sections of the BCL: Terekhovo, Kuntsevskaya, Davydkovo, Aminevskaya, Michurinsky Prospect, Vernadsky Prospect, Novatorskaya, Vorontsovskaya, Zyuzino and Kakhovskaya. The Big Circle Line is the largest project in the entire history of metro construction in Moscow. It will stretch for 70 kilometers, connecting the districts of the city, the radial lines of the metro and the railway. In total, the BCL will have 31 stations. 19 of them will become interchange stations on other subway lines, the Moscow Central Ring or commuter trains.
The supplied rolled metal has been manufactured at several Mechel Group enterprises. Most of the products (rails, fittings, sheets and beams) are produced at the mills of the Chelyabinsk Metallurgical Plant. More than 7 thousand tons of rails were used to lay 28 kilometers of track between the new BCL stations. Metrostroevtsy also supplied B500S fittings, hardware, mesh of the Beloretsk Metallurgical Plant and a strip of the Izhstal plant. Cold-formed reinforcement В500С is used for the manufacture of tubing - elements of prefabricated fastening of tunnel finishing.
After the opening of traffic in all sections, the Big Circle Line will become the longest metro ring in the world, ahead of the current record holder - the second ring line of the Beijing Metro by 13 kilometers.
Over the past 5 years, Mechel has sent about 35 thousand tons of rolled metal for construction purposes and 85 thousand tons of rails to the construction of the Moscow metro. The company plans to continue deliveries for the construction of other BCL stations.
Mechel PAO Ekaterina Videman Tel .: +7-495-221-88-88ekaterina.videman@mechel. com
Mechel is a global mining and metals company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
Certain statements in this press release may contain assumptions or predictions about upcoming events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to warn you that these statements are only assumptions, and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Annual Report on Form 20-F. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.ALL news [/i]