Mechel Posts Q2 Net Loss

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Russia's Mechel
MTL
posted a net loss of in the second quarter. Mechel posted a quarterly net loss of $823 million, versus a year-ago profit of $192 million in the year-ago period. Excluding impairment charges, Mechel posted a net loss of $177 million. However, analysts were expecting a net profit of $18 million. Mechel shares closed at $6.90 yesterday.
Posted In: EarningsNewsloss
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