Oleg Korzhov

Oleg Korzhov

business executive Russia

Oleg Korzhov is the CEO of Mechel, a Russian mining and metals company, who has recently been in the news for discussing the company's significant 24% reduction in coal production due to unfavorable market conditions and falling prices for solid fuels. Korzhov highlighted the challenges faced by the company, including the impact of import tariffs and a decrease in demand from China, while also expressing cautious optimism about potential price increases in the latter half of 2025.

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Russia Russia: Oleg Korzhov, the CEO of Mechel, stated that the company's financial situation is complicated by falling coal prices. 5

RBC: «Мечел» почти на четверть сократил добычу угля из-за ограничения спроса — РБК