It's reported that the Russian mining and steel company Mechel released its financial result for 2012.
In 2012, Mechel realized a net loss of US$1.66 billion, slumping from a net profit of US$727.9 million in a year ago.
Besides, the company's operating incomes decreased by 10.1% year on year to US$11.3 billion in 2012.
In addition, Mechel's adjusted EBITDA slumped by 44.4% from a year ago to US$1.332 billion.