Mechel Reports Refinancing Short-Term Debt to Uralsib Bank

Mechel Group’s enterprises – Beloretsk Metallurgical Plant OAO and Urals Stampings Plant OAO – signed agreements with Uralsib Bank for refinancing the loans earlier received from the bank totaling some 72 million US dollars. According to the new agreements, Uralsib Bank will provide Beloretsk Metallurgical Plant OAO and Urals Stampings Plant OAO with new loans for an equivalent amount in rubles, which will mature in 2016.