MECHEL REPORTS MEETING BETWEEN CHAIRMAN OF MECHEL’S BOARD OF DIRECTORS AND
PRESIDENT OF MINMETALS CORPORATION DURING RUSSIAN PRESIDENT’S STATE VISIT TO
CHINA

Moscow, Russia – June 8, 2012 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Mechel’s Chairman of the Board
of Directors Igor Zyuzin met with Minmetals Corporation’s President Zhou
Zhongshu during Mr. Zyuzin’s trip as part of the Russian delegation in the
framework of Russian Federation’s President Vladimir Putin’s official visit to
People’s Republic of China.
During the meeting, the sides discussed the issues of implementing the project
for the construction of the universal rolling mill at Chelyabinsk Metallurgical
Plant (ChMK), where Minmetals, one of China’s largest state industrial
corporations, is general contractor.
ChMK’s universal rolling mill will produce high-quality rails up to 100 meters
in length, using state-of-the-art technologies for rolling, tempering,
straightening, finishing, and quality control. These rails will surpass their
world analogues on several key parameters, which are necessitated by the climate
conditions under which rails are utilized in Russia. The “Strategy for
Development of Russia’s Railway Transport till 2030”, approved by the Russian
government provides for modernization and construction of new railroads all over
the country, and will be implemented with the use of rails produced by
Chelyabinsk Metallurgical Plant among others. The mill’s annual capacity will be
over 1 million tonnes. The mill will also produce structural shapes and
sections.
Chairman of Mechel’s Board of Directors Igor Zyuzin noted: “For us the universal
rolling mill construction project is a priority, as it has special importance
for the entire country — it is being implemented to meet the needs of Russian
Railways and construction industry in high-quality steel products, which will
help to bring down their dependence on foreign imports and international market
volatility.”
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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.