Press Releases

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Mechel reports the shutdown of a blast furnace at Chelyabinsk Metallurgical Plant

Moscow, Russia – June 7, 2005 – Mechel OAO (NYSE: MTL) reports the shutdown of an obsolete blast furnace at its leading steel enterprise – Chelyabinsk Metallurgical Plant OAO.

Mechel announces the temporary appointment of Vladimir Iorich as General Director of Chelyabinsk Metallurgical Plant

Moscow, Russia — June 7, 2005 — The Board of Directors of Chelyabinsk Metallurgical Plant OAO resolved to temporarily appoint Mr. Vladimir Iorich General Director of the plant. Vladimir Iorich will also continue to serve as Chief Executive Officer of Mechel OAO (NYSE: MTL).

Mechel’s Board recommends dividend amount

Moscow, Russia — May 31, 2005 — Mechel OAO (NYSE: MTL), a leading integrated Russian mining and metals producer, announces its board’s dividend recommendation.

Mechel reports its operational results for the first quarter of 2005

Moscow, Russia – May 18, 2005 – Mechel OAO (NYSE: MTL) increased output of its core products in 1Q2005 as compared to the same period last year. Significant growth was achieved in the production of coal and rolled products, with output increasing by 12.8% and 19.7%, respectively.

Mechel announces acquisition of Port Kambarka OAO

Izhevsk, Russia – April 27, 2005 – Mechel OAO (NYSE:MTL) announces the acquisition of a 90.36% stake in Kambarka Port OAO.

Mechel announces appointment of a new General Director of Mechel Trading House

Moscow, Russia – April 27, 2005 – Mechel announces appointment of Alexander Proskurin as General Director of its 100% subsidiary, Mechel Trading House OOO.

Mechel announces the commissioning of a new sinter plant at Chelyabinsk Metallurgical Plant

Moscow, Russia – April 20, 2005 – Mechel (NYSE: MTL) announces the startup of the first line of the new sinter plant at its subsidiary, Chelyabinsk Metallurgical Plant.

Mechel wins auction for an additional stake in Izhstal

Izhevsk, Russia – April 15, 2005 – Mechel OAO has increased its stake in Izhstal OAO to 87.35%.

Mechel Wins Additional Coking Coal License Areas

Kemerovo, Russia – April 7, 2005 – Southern Kuzbass Coal Company, a subsidiary of Mechel, has won two auctions for the right to explore and mine coking coal at two plots of the Erunakovskoye Coal Deposit, with total reserves of 264.6 million tons according to Russian reserve valuation standards.