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21 Jul
01:00

Mechel liquidates its ferroalloy division

Russia’s Mechel says it is liquidating the group’s ferroalloy division as a consequence of the group’s success in selling certain company assets. “Because of the sale of Tikhvin Ferroalloy Plant and Voskhod Mining Plant in late 2013, the company’s board of directors has decided to reorganise the group’s administrative structure by eliminating the ferroalloy division,” the stainless steels producer has announced. Unde…
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