ADVFN - Advanced Financial Network.
HOME» NYSE » M » MTL Stock Price » MTL Stock News

Mechel Oao Share News

 Mechel Oao Stock Price
MTL Stock Price
 Mechel Oao Stock Chart
MTL Stock Chart
 Mechel Oao Stock News
MTL Stock News
 Mechel Oao Company Information
MTL Company Information
 Mechel Oao Stock Trades
MTL Stock Trades

ADR Report: Shares Lower As China Cuts Growth Target

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed lower Monday, in line with the broader market, as China cut its economic growth target and data showed euro-zone business activity contracted more than initially thought. The Bank of New York index of ADRs declined 0.8% to 131.30 as resource stocks tumbled after China, a large consumer of natural resources, cut its economic growth target to 7.5% for 2012 after keeping it at 8% for the past eight years. Mechel OAO (MTL, MTLR.RS) fell 5.6% to $10.56, Rio Tinto PLC (RIO, RIO.LN) dropped 3.9% to $54.23 and BHP Billiton PLC (BBL, BLT.LN) ended down 2.4% at $62.65. The Latin American index and the emerging markets index lost 1.8% to 381.16 and 1.8% to 312.84, respectively, as Brazil resources companies also fell on news of a China slow down. China is Brazil's biggest trading partner and Brazil's key exports include iron ore. Vale SA (VALE, VALE5.BR), the world's largest iron ore supplier, traded down 3.7% to $24.74. Steel producer Gerdau SA (GGB, GGBR4.BR) declined 2.2% to $10.36. The European index lost 0.3% to 120.26 as Italy and Spain both contracted faster in February than in January, suggesting that growth for those countries looks to be a long way off. Shares of Spanish banks Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) fell 1.9% to $8.85 and Banco Santander SA (STD, SAN.MC) lost 2.1% to $8.22. The Asian index fell 1.4% to 128.53. Tumbling natural-gas futures are weighing today on the energy sector as natural-gas futures flirted with 10-year lows on expectations that warmer-than-usual weather will persist across much of the U.S. this month. Coal companies took a hit as low natural-gas prices are liable to only hasten the switch of power plants to that fuel instead of coal. Shares of Yanzhou Coal Mining Co. (YZC, K3GD.SG, 600188.SH, 1171.HK) shed 4.5% to $23.37. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143;

Stock News for Mechel Oao (MTL)
10/12/201505:10:00Mechel Reports Launch of the New Long Wall Face at Olzherasskaya-Novaya...
09/21/201520:46:14Mechel Reports the 1H 2015 Financial Results
09/21/201520:46:14Mechel Reports 1H2015 Operational Results
09/21/201520:46:12Mechel Announces the 1H 2015 Financial Results Conference Call...
09/21/201520:46:08Mechel Reports Restructuring Loan With VTB
09/18/201512:02:01Report of Foreign Issuer (6-k)
09/18/201511:08:47Report of Foreign Issuer (6-k)
09/15/201509:51:36Report of Foreign Issuer (6-k)
09/15/201509:39:02Report of Foreign Issuer (6-k)
09/15/201506:06:24Report of Foreign Issuer (6-k)
09/10/201511:11:42Report of Foreign Issuer (6-k)
09/09/201510:47:41Report of Foreign Issuer (6-k)
09/04/201506:11:15Report of Foreign Issuer (6-k)
09/02/201511:36:57Report of Foreign Issuer (6-k)
08/31/201511:47:20Report of Foreign Issuer (6-k)
08/19/201517:15:50Report of Foreign Issuer (6-k)
07/27/201508:44:14Report of Foreign Issuer (6-k)
07/01/201509:08:00Report of Foreign Issuer (6-k)
07/01/201508:50:42Report of Foreign Issuer (6-k)
06/29/201508:49:44Report of Foreign Issuer (6-k)

Mechel Oao and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations