PJSC Mechel: Mechel Launches First Stage of New Wiredrawing Equipment at Beloretsk Metallurgical Plant

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Jun 21, 2021

BELORETSK, RUSSIA / ACCESSWIRE / June 21, 2021 / Mechel PAO (NYSE:MTL, Financial)(MOEX:MTLR, Financial), a leading Russian mining and metals company, announces the launch of four wiredrawing benches at Beloretsk Metallurgical Plant, for output of import-substituting wire. The equipment worth 220 million rubles has been acquired as part of the project of revamping Beloretsk Metallurgical Plant's wire and rope facilities. This is the first stage of the facility, where a total of 12 benches will be installed.