MECHEL REPORTS SUCCESSFUL SAMPLE PRODUCTION OF RAIL ROLLS AT CHELYABINSK
METALLURGICAL PLANT’S UNIVERSAL ROLLING MILL

Moscow, Russia — June 13, 2013 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that hot testing of rail rolls
production at Chelyabinsk Metallurgical Plant’s universal rolling mill has
begun.
As part of hot testing, first rolling of R-65 100-meter rails was successfully
conducted. This is the first type of rail rolls that the universal rolling mill
is capable of producing. Further mastering production of rail steel products
will be held as scheduled.
The new mill’s annual production capacity totals over 1 million tonnes of
structural shapes and rails. When at full capacity, the mill will annually
supply up to 400,000 tonnes of high resistance to wear and contact endurance
rails for high-speed running, as well as rails for use in low temperatures. The
mill’s new production will encourage development of related industries in
Russia, ensure supplies of high-quality steel products on competitive prices for
Russian Railways OAO and construction companies, as well as decrease their
dependence on imports. Also, the mill’s launch will help resolve several social
issues on regional level, such as creating over 1,000 new jobs.
“With the launch of the rail production’s hot testing we began the second stage
of preparing for the universal rolling mill’s launch, which will soon reach
completion when we fully master production of other steel profiles — both
structural shapes and high-quality rails,” Mechel OAO’s Vice-President for
Technological Development Andrey Deineko said.

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Mechel OAO
Elena Andreyeva
Tel: + 7 495 221 88 88
elena.andreeva01@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.