Gazprombank sets up a credit limit of $ 1 billion for OAO Mechel

Gazprombank has set up a credit limit of $ 1 billion for Mechel affiliated enterprises. The credit limit term is 3 years. The loans are mostly intended to pay off short-term liabilities of the Group.

Mechel business consists of the four following main segments: mining, metallurgy, ferroalloys and power generation. The Group unites producers of coal, iron ore, nickel, steel, rolled products, high-end products, thermal and electric power. Mechel products are sold in Russia and overseas.

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