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Reuters reported that Mechel’s (NYSE:MTL) quarterly profits were lower than forecast.
Reuters reported that Mechel’s (NYSE:MTL) quarterly profits were lower than forecast.
As quoted in the market news:
Analysts polled by Reuters had expected the firm, controlled by billionaire Igor Zyuzin, to report a net profit of $74 million including one-offs, down from $341 million a year ago. It took a foreign exchange hit of $296 million.