Press releases

Mechel Announces Reconstruction Of Rolling Production At Its Izhstal Facility

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.

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 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.