Russian
mining and steel group
Mechel has reported halting
production at its Southern Urals Nickel Plant. Considering persistent negative trends in the global nickel market and unfavorable forecasts for its recovery in the foreseeable future, the plant will halt
production for the long term and will prepare its equipment for a long-term shutdown in order to minimize the plant’s losses. The plant’s employees will be offered up to 1,500 jobs at other
Mechel enterprises, including
Mechel’s newest
production facilities that are currently being commissioned.