Mechel Has Attended Metal Expo’ 2011 Annual ExhibitionMoscow, Russia — November 21, 2011 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its participation in the 17th International Industrial Exhibition Metal-Expo’ 2011, which was held at the All-Russia Exhibition Center in Moscow on November 15-18, 2011.
650 organizations from Russia, the CIS, Europe, South-Eastern Asia, the Middle East and the United States took part in the traditional steelworker forum. More than 4,000 representatives of various companies worked at the exhibition to welcome over 30,000 managers and specialists from different industries at their booths. Some 60 conferences, round tables, seminars and presentations were held within the exhibition’s framework.
Mechel’s enterprises won several top awards for developing and implementing modern technical equipment and technologies, and manufacturing new types of high-quality steel products. Beloretsk Metallurgical Plant won a gold medal for implementing the technology of producing B-500C-grade reinforcing welded ribbed bar for reinforcing concrete structures and a silver medal for implementing the technology of producing welded light wire with special coating. Chelyabinsk Metallurgical Plant won a gold medal for developing and implementing the method of smelting, out-of-furnace processing and casting low-carbon steel with silicon content of up to 0.03% using a concaster. Urals Stampings Plant became the exhibition’s laureate for developing and implementing the technology of producing small-section forged bars made of structural and tool stainless steel as well as heat-resistant steels and alloys.
Mechel’s integrated corporate booth showcased the products of the Group’s Russian steel and hardware plants, including Chelyabinsk Metallurgical Plant, Izhstal, Beloretsk Metallurgical Plant, Urals Stampings Plant and Vyartsilya Metal Products Plant. For the first time the booth represented the Group’s Romanian-based assets — Mechel Targoviste, Mechel Campia Turzii, Laminorul Braila and Ductil Steel.
Representatives of Mechel OAO steel division (Mechel Steel Management Company OOO) as well as representatives of subsidiaries of Mechel Service Global, Mechel’s international steel trading holding, manned the exposition booth. A total of some 120 representatives of Mechel and its enterprises worked at the exposition.
The exhibition’s visitors showed great interest in the showcased products as hardware, rolled and flat steel, forgings and stampings. Products of Mechel’s Romanian enterprises were a particular success.
The company was awarded a diploma for professional presentation of services and goods and a trophy for the best exposition.
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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.
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.