Press Releases

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.

Product 1H 2005, thousand tonnes 1H 2005 as compared to 1H 2004, %
Coal 7,525 + 3
 
Coking Coal 4,134 - 1.5
 
Steam Coal  3,392 + 9
 
Iron Ore Concentrate 2,224 + 17 
 
Nickel 5.6 - 13
 
Coke 1,360 - 7
 
Pig Iron 1,844 - 1
 
Steel 3,088 + 2
 
Rolled Products  2,423 + 2
 
  • Semi-Finished Products
1,082 + 39 
 
  • Long Products
1,189 - 19 
 
  • Flat Products
153 - 11 
 
Forgings 43 - 11
 
Stampings 51 + 64
 
Hardware 296 + 13

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Mechel OAO
Irina Ostryakova
Director of Communications
Phone: 7-095-258-18-28
Fax: 7-095-258-18-38
irina.ostryakova@mechel.com

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Mechel is one of the leading Russian mining and metals companies. Mechel unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. 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.