Mechel Wins One Gold and Two Silver Awards for Developing and Implementing New Steel ProductsMoscow, Russia – November 19, 2018 – Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports its facilities’ participation in the 24th International Industrial Exhibition Metal-Expo, which was held at the All-Russia Exhibition Center in Moscow on November 13-16, 2018. Three of Mechel’s enterprises won prestigious awards at Metal-Expo’2018.
Mechel’s corporate booth showcased the products of Chelyabinsk Metallurgical Plant, Urals Stampings Plant, Beloretsk Metallurgical Plant, Izhstal and Vyartsilya Metal Products Plant. Over the four days of the exhibition, some 30 employees of Mechel’s steel division, including the service and sales company Mechel Service OOO, worked at the booth. Guests were offered full information about various kinds of the Group’s products.
“This exhibition resulted in dozens of new agreements and extension of several current contracts, expanding and strengthening ties with our key partners. We had the opportunity to discuss cooperation for next year with many potential partners, plan shipments of our steelmaking plants’ products, from long rolls and stampings to hardware,” Mechel-Steel Management Company OOO’s Chief Executive Officer Andrey Ponomarev noted.
In the contest of projects on developing and implementing new technologies, equipment and products, Beloretsk Metallurgical Plant won a gold medal for mastering production of sonic microwire for recording and reproducing signals in cockpit voice recorders (so-called “black boxes”) used in civil and military aviation. The wire has been made in tandem with other Mechel enterprises — Urals Stampings Plant and Izhstal. A test batch of this wire has been delivered to G.I. Petrovskogo Plant. Chelyabinsk Metallurgical Plant also won a silver medal for mastering production of R65 rails for speed dual traffic. The first batch of these rails has already been delivered to Russian Railways. Izhstal PAO won a silver medal for developing and mastering production of conductor rails used to feed electricity to underground metro cars. These rails have not been produced in Russia before. The first batch of these rails has been shipped to Mosinzhproekt.
Also, two of the Group’s corporate media became winners of the Best Corporate Media in the Steelmaking Industry of Russia and the CIS 2018 contest. Our Mechel magazine was acknowledged as best among corporate magazines, while Chelyabinsk Metallurgical Plant’s Chelyabinsk Metallurgist newspaper won in the Best Steelmaking and Hardware Plant Media nomination.
Metal-Expo is one of Russia’s most popular industrial exhibitions. This year, over 550 companies from 32 countries took part in the expo, with over 30,000 Russian and foreign visitors from construction, engineering, fuel and energy, transport, logistics and steel trade industries.
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Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
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.<