Shares of Russian-based steel and coking coal producer Mechel (MTL -5.5%) swoon after the...

|About: Mechel OAO (MTL)|By:, SA News Editor

Shares of Russian-based steel and coking coal producer Mechel (MTL -5.5%) swoon after the company says it expects to breach certain lending deals and is in talks with banks to waive debt covenants after prices for its products declined last year.