Profit of Mechel on US GAAP Was $ 121 million in I half 2010

Net profit of Mechel calculated according to standard US GAAP, amounted to $ 120.8 million for the I half of 2010., the company reporte today. A year earlier, the company received a loss of $471 million. Income of one of the largest metallurgical enterprises in Russia increased by 76% - to $4.33 billion.
 
There were many respects improving financial state including rise in prices for productsof Mechel on the market. The company also said that she managed to reach pre-crisis production volumes of coal to achieve its cost to the desired level and to strengthen the position of the steel segment due to new acquisitions and the launch of the new equipment.