Izhevsk, Russia – August 2, 2007 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the commencement of reconstruction of its Light-Section-Wire Mill 250, located at its Izhstal facility. After the reconstruction, the mill will be able to expand its metal product mix with regard to product grades and sections, improve quality, and reduce consumption ratios and production costs.
Izhevsk, Russia – April 15, 2005 – Mechel OAO has increased its stake in Izhstal OAO to 87.35%.
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.