Q3 Profit for Mechel Lower than Expected

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.

Click here to read the full Reuters report.