Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs), also called Mechel, is a holding company, which engages in the mining and production of coal and steel, iron core, and nickel products. It operates through the following business segments: Steel, Mining and Power. Read More The Steel segment sells steel products, including semi-finished products, long products of a wide range of steel grades, carbon and stainless flat products, wire products, stampings and forgings and others, as well as ferrosilicon. The Mining segment sells coal (metallurgical and steam), iron ore concentrate, coke and chemical products. The Power segment generates and supplies power resources. The company was founded on March 19, 2003 and is headquartered in Moscow, Russian Federation. The listed name for MTL is Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs).