Press Releases

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Mechel announces that it has restarted all blast furnace production at Chelyabinsk Metallurgical Plant

Chelyabinsk, Russia – November 24, 2005 – Mechel (NYSE:MTL) reports that its subsidiary, Chelyabinsk Metallurgical Plant, has restarted all three blast furnaces that were halted yesterday following the interruption of water supply to the plant by the local pumping station. All steel oxygen converters and electric furnaces are expected to resume operation before the end of the day, followed by the steel rolling facilities which will be restarted within the next day. This will complete resumption of steel production at Chelyabinsk Metallurgical Plant.

Mechel reports an accident at Chelyabinsk Metallurgical Plant

Chelyabinsk, Russia – November 23, 2005 – Mechel reports that its subsidiary, Chelyabinsk Metallurgical Plant, has had an accident. No deaths or injuries at the plant resulted. Production at the plant, with the except of coke production, has been halted.

Mechel reports its operational results for the nine months of 2005

Moscow, Russia – October, 2005 – Mechel OAO (NYSE: MTL), one of the leading vertically-integrated mining and metals companies, announced today its operational results for the nine months of 2005.

Mechel announces results for the first half of 2005

Moscow, Russia – October 17, 2005 – Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced results for the first half ended June 30, 2005.

Mechel appoints a new Chief Financial Officer

Moscow, Russia - September 29, 2005 – Mechel OAO (NYSE: MTL) announces the appointment of Alex Polevoy as its Chief Financial Officer. Alex Polevoy will start his new position on October 1, 2005.

Mechel announces the commissioning of the 2nd line of the new sinter plant at Chelyabinsk Metallurgical Plant

Moscow, Russia – September 6, 2005 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the startup of the second line of the new sinter plant at its subsidiary, Chelyabinsk Metallurgical Plant.

Mechel reports its operational results for the first half of 2005

Moscow, Russia – August 26, 2005 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reported today its operational results for the first half of 2005.

Mechel announces results for the first quarter of 2005

Moscow, Russia - August 18, 2005 - Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced results for the first quarter ended March 31, 2005.