The Mechel Group's corporate stand displayed products from the Chelyabinsk Metallurgical Plant, Uralskaya Kuznitsa and Izhstal plants, Beloretsk Metallurgical Plant, Vyartsilskiy Hardware factory. For four days, about 30 employees of Mechel's metallurgical division, including the metal trading company Mechel-Service LLC, worked at the stand. Visitors received comprehensive information about all types of the Group's metal products.
In the competition for projects for the development and implementation of new technologies, equipment and metal products, the Chelyabinsk Metallurgical Plant and the Uralskaya Kuznitsa plant received a gold medal for a joint project - mastering the production of rolls from large-capacity ingots. ChMK has mastered the casting of an ingot weighing 60 tons, from which rolls weighing up to 30.8 tons are forged in the Uralkuz forging shop. The rolls are intended for use by the Group's enterprises, which makes it possible to reduce procurement costs from third parties.
Izhstal was also awarded a silver medal for mastering the production of high-precision steel shaped sections for the needs of machine-building enterprises. In terms of the shape and dimensions of the cross-section, the new profile exactly matches the specific details of machines and mechanisms, which eliminates the need for their contouring. This provides significant savings in metal, energy and expensive cutting tools.
“We use the exhibition as an effective platform for meetings with clients and key partners. In four days, we have been able to hold many meetings that give a start to new cooperation and strengthen long-standing business relations, ”said Andrey Ponomarev, General Director of Mechel-Steel Management Company.
Metal-Expo is one of the the most popular industrial exhibitions in the country. This year, about 600 companies from 34 countries took part in the exhibition, and over 30 thousand Russian and foreign specialists from the metallurgical complex, mechanical engineering, construction industry and other sectors of the economy attended.
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Mechel PAO Ekaterina Videman Tel .: + 7-495-221-88-88 ekaterina.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 future 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 caution 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 Form 20-F annual report. 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 future 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.
