MECHEL HAS ATTENDED METAL EXPO’ 2011 ANNUAL EXHIBITION

Moscow, Russia — November 21, 2011 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports its participation in the 17th
International Industrial Exhibition Metal-Expo’ 2011, which was held at the
All-Russia Exhibition Center in Moscow on November 15-18, 2011.
650 organizations from Russia, the CIS, Europe, South-Eastern Asia, the Middle
East and the United States took part in the traditional steelworker forum. More
than 4,000 representatives of various companies worked at the exhibition to
welcome over 30,000 managers and specialists from different industries at their
booths. Some 60 conferences, round tables, seminars and presentations were held
within the exhibition’s framework.
Mechel’s enterprises won several top awards for developing and implementing
modern technical equipment and technologies, and manufacturing new types of
high-quality steel products. Beloretsk Metallurgical Plant won a gold medal for
implementing the technology of producing B-500C-grade reinforcing welded ribbed
bar for reinforcing concrete structures and a silver medal for implementing the
technology of producing welded light wire with special coating. Chelyabinsk
Metallurgical Plant won a gold medal for developing and implementing the method
of smelting, out-of-furnace processing and casting low-carbon steel with silicon
content of up to 0.03% using a concaster. Urals Stampings Plant became the
exhibition’s laureate for developing and implementing the technology of
producing small-section forged bars made of structural and tool stainless steel
as well as heat-resistant steels and alloys.
Mechel’s integrated corporate booth showcased the products of the Group’s
Russian steel and hardware plants, including Chelyabinsk Metallurgical Plant,
Izhstal, Beloretsk Metallurgical Plant, Urals Stampings Plant and Vyartsilya
Metal Products Plant. For the first time the booth represented the Group’s
Romanian-based assets — Mechel Targoviste, Mechel Campia Turzii, Laminorul
Braila and Ductil Steel.
Representatives of Mechel OAO steel division (Mechel Steel Management Company
OOO) as well as representatives of subsidiaries of Mechel Service Global,
Mechel’s international steel trading holding, manned the exposition booth. A
total of some 120 representatives of Mechel and its enterprises worked at the
exposition.
The exhibition’s visitors showed great interest in the showcased products as
hardware, rolled and flat steel, forgings and stampings. Products of Mechel’s
Romanian enterprises were a particular success.
The company was awarded a diploma for professional presentation of services and
goods and a trophy for the best exposition.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy and power. Mechel unites producers of coal,
iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products,
hardware, heat and electric power. Mechel products are marketed domestically and
internationally.
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Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.