Press Releases

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Mechel Announces That It Has Won An Auction To Develop A Coking Coal Deposit

Moscow, Russia – November 11, 2004 – Mechel, a Russian metals and mining company, announced today that its subsidiary, Southern Kuzbass Coal Company, has won an auction to develop a coking coal mine in the Sibirginskaya Mine area in the Kuzbass region of Russia.

Mechel Prices Its Initial Public Offering

Russian Metals and Mining Company Enters International Equity Markets
Moscow, Russia – October 29, 2004 – Mechel Steel Group OAO (NYSE: MTL), a Russian metals and mining company, announced today the pricing of its Initial Public Offering of 13,875,691 American Depositary Shares (ADSs), each representing three shares of Mechel’s common shares, at an offer price to the public of US$21 per ADS.

Mechel Steel Group reports its operational results for the first half of 2004

Moscow, RUSSIA – July 19, 2004 – Mechel Steel Group increased output of all its main products in the first half of 2004, as compared to the same period of last year.

Mechel Steel Group introduces independent directors to its board

Moscow, RUSSIA – June 25, 2004 – Mechel Steel Group reports that it has elected two independent Directors to its new Board at its Annual General Shareholders' Meeting.

Mechel Steel Group acquires a controlling stake in Izhstal OAO

Moscow, RUSSIA – May 20, 2004 – Mechel Steel Group has increased its interest in Izhstal OAO to a controlling stake in it. The Company currently owns 58.35% in the authorized charter capital of the Izhevsk plant.

Mechel Steel Group strengthens its relations with chinese partners

Brussels, BELGIUM – May 6, 2004 – Mechel Steel Group is informing that its subsidiary, Mechel Trading, has signed a protocol of intent on cooperation with Zhejiang Material Industries Group, the second largest consumer of metal products in China. Signing of this document took part in the course of the conference, EU-China Business Forum, held in Brussels.

Mechel Steel Group sums up its operational results for the 2004 quarter 1

Moscow, RUSSIA – April 30, 2004 – Mechel Steel Group has increased the output volumes of its main products in the 2004 Quarter 1 as compared to the same period of the last year. The biggest increase was in production of the rolled stock – by 24,8%, and hardware - by 69%.