Bloomberg News

Razgulay, Mechel, Polymetal, Evraz: Russian Equity Preview

October 11, 2011

Oct. 12 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close, unless noted otherwise.

The 30-stock Micex Index fell 1.2 percent to 1,364.06.

Razgulay Group (GRAZ RX): Russia’s government may tax grain exports once they reach 23 million to 24 million metric tons for the marketing year, First Deputy Prime Minister Viktor Zubkov said. Razgulay, a grain and sugar producer, was unchanged at 30.89 rubles in Moscow.

OAO Mechel (MTLR RX), Russia’s largest maker of coal for steelmakers, reduced its 2011 coal output forecast by about 10 percent after suspending two mines. Shares in Mechel fell 2.2 percent to 333.20 rubles in Moscow.

OAO Polymetal (PMTL RX): Russian gold producers Polymetal International Plc and Polyus Gold International Ltd. may qualify for inclusion in the U.K.’s benchmark stock index in December, Alfa Bank said. Polymetal fell 1.4 percent to 475.30 rubles in Moscow.

Evraz Group SA (EVR LI): Evraz Group plans to publish earnings for the first half of the year on Oct. 12. The company, Russia’s largest steelmaker by output, fell 1.1 percent to $15.66 in London.

--Editors: Marie-France Han, Glenn J. Kalinoski

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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