MECHEL ANNOUNCES NEW EQUIPMENT COMMISSIONING AT ITS MECHEL CAMPIA TURZII
SUBSIDIARY

Campia Turzii, Romania – November 30, 2009 – Mechel OAO (NYSE: MTL), one of the
leading Russian mining and metals companies, announces completion of several
investment projects at Mechel Campia Turzii plant (Romania, Campia Turzii),
which is a part of Mechel OAO’s East-European Steel Division.
The official commissioning of the new production lines at Mechel Campia Turzii
that was held on November, 27 2009 was attended by Ioahn Vasinka, Campia Turzii
City Major, Dahn Luchu, the District of Kluzh Prefecture representative, Vasile
Soporan, Parliamentary Delegate of the District of Kluzh, Myrcha Skyntey,
President of “Metarom” Federation of steel industry unions and other guests.
Mechel’s East-European Steel Division was represented by Viktor Dyshlevich, its
Chief Executive Officer, Sergei Dikun, Chief Financial Officer of the Division
and Gennady Somov, Chief Executive Officer of Mechel Campia Turzii plant.
Three new production lines launched at the plant include: metal fiber production
and packing line, reinforcing wire coils extension, enlargement line and steel
wire production shop. Total investments in the projects amounted to 7 million
Euro.
The line for metal fiber production and packing was supplied by the company
Eurolls Italia, the line’s planned production capacity is 3,000 tonnes per year.
The finished product is metal fiber used for reinforcement of concrete. Fiber
usage allows to reduce amount of metal in concrete constuctions for several tens
of times, it also considerably improves concrete’s structure, solidity and
operating live due to its even composition. After the project’s commissioning,
Mechel Campia Turzii will become one of the few manufactures of this product in
Romania. This provides large opportunities for selling fiber at the domestic and
international construction markets. The new production line’s output fully
complies with the EU standards in technical terms and meets all of the
environmental requirements; technical process at the line provides elimination
of the environment pollution.
The line for extension and enlargement of reinforcing wire coils was supplied by
the Koch company (Germany) which is a world leader in production of such
equipment. Planned production capacity of this line is 81,000 tonnes per year.
The finished product is reinforcing wire of premium quality used for
construction of industrial and civil objects in zones with increased seismic
activity. Production line is a type of equipment with improved productivity and
it manufactures coils of 2,500 – 5,000 kg weight. Heavy coils are more
preferable for customers and are in high demand at the market. The product meets
DIN 488 German standard, BST 500 mark.
The new equipment of the steel wire production shop includes up-to-date wire
drawing mills and produces wire with high carbon content. Mechel Campia Turzii
is one of the first plants in the Eastern Europe to commission this equipment
which is delivered by the company Koch as well as the abovementioned machines.
One of the lines makes drawing in a dimensional range from 2.8 to 4.5 mm and the
other three lines make drawing in the dimensional range from 0.6 to 3 mm.
Increase in efficiency is achieved by using rolled wire of 5.5 to 6 mm diameter
packed in heavy coils of 2.5 tonnes weight. The finished product is supplied in
Z2 and Z3 coils with weight range from 400 to 1,100 kg. The speed of
wire-drawing is 30 meter per second, average monthly productivity is 1,000
tonnes. With the mechanical descaling system, which excludes using acid in the
etching process, and double dust cleaning system the new wire-drawing equipment
provide for the necessary working conditions and meet all environmental
requirements.
Vladimir Polin, Mechel’s Senior Vice-President noted:
“Completion of new projects at Mechel Campia Turzii plant is in line with
Mechel’s strategic investment programme. This stage is another step to modernize
one of our Romanian subsidiaries. The commissioning of new equipment will allow
us to significantly increase productivity and quality of the plant’s products,
reduce cost price and bring the plant’s product portfolio in compliance with the
current market needs. Today’s event proves one more time that in spite of the
world financial and economy crisis’ negative impact, which seriously affected
metallurgical sector as well, Mechel keeps following its priority directions in
development increasing the share of high value-added downstream products in its
product portfolio”.

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Mechel OAO
Ilya Zhitomirsky
Phone: + 7 495 221 88 88
ilya.zhitomirsky@mechel.com
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Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy, and power. Mechel unites producers of coal,
iron ore concentrate, nickel, steel, rolled products, ferroalloys, hardware,
heat and electric power. Mechel products are marketed domestically and
internationally.
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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.