MECHEL CELEBRATES 10TH ANNIVERSARY

Moscow, Russia — March 19, 2013 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, celebrates the 10th anniversary of the
Group’s founding in 2003.
Mechel, which originated with a few production assets, including Chelyabinsk
Metallurgical Plant and Southern Kuzbass Coal Company, now comprises some 30
producers of coal, iron ore , steel, rolls, high value-added products,
ferroalloys, heat and electricity.
Mechel is one of the world’s top three coking coal producers and Russia’s top
producer of coking coal concentrate, as well as Russia’s third largest producer
of run-of-mine coal. The company controls over a quarter of the country’s coking
coal washing capacities. Mechel is Russia’s second largest manufacturer of long
rolls, as well as the leading and most diversified producer of specialty steels
and alloys in Russia.
Mechel OAO’s Chief Executive Officer Evgeny Mikhel commented:
“Over the past decade, Mechel has traveled a long way, becoming not only one of
Russia’s leading producers of coal, rolls and hardware, but also one of the
world’s top coking coal producers. Thanks to us, many major enterprises survived
the hardest crisis years. Now, 10 years later, we can tackle such large-scale
endeavors, unprecedented for Russian business, as developing the Elga deposit,
whose coking coal reserves are among the world’s largest, and  including
construction of a 321-kilometer railway. We are also close to completing the
construction of the universal rolling mill which will make Russia one of the
world’s few countries producing 100-meter rails for high-speed railways. Our
projects not only create thousands of jobs, but also make a major contribution
to development of Siberia and the Far East, increasing the Russian economy’s
strength and prosperity.
“Today Mechel does not plan to rest at the level it has achieved and is alert to
the challenges of market volatility. Throughout its existence, Mechel remained
flexible and ready to keep up with the times. Despite hardships of the crisis
period, Mechel intends to reach new heights, particularly in developing our
mining division, where due to our coal reserves and plans for deposit
development, by the next decade’s end the company plans not only to maintain its
leading positions among the world’s metallurgical coal producers, but also
consolidate these positions.”
***
Mechel OAO
Anton Lapin
Tel: + 7 495 221 88 88
antonlapin@mechel.ru

***
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.
***
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.