MECHEL ANNOUNCES ITS METALLURGICAL SEGMENT PLANTS’ CAPACITY UTILIZATION LEVEL IN
MAY 2009

Moscow, Russia – June 16, 2009 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces its metallurgical segment plants’
capacity utilization level in May 2009.
In May 2009 high level of production capacity utilization was witnessed at
Mechel’s metallurgical plants as compared to the average level of capacity
utilization in January – August 2008. Steel-making capacity utilization in May
was more than 94%, metallurgical commodity products capacity utilization was
more than 95%, including rolled products reached the level of about 99%,
hardware – about 74%, forgings and stampings crossed the level of 58%.
Blast furnace production capacity utilization level at Chelyabinsk Metallurgical
Plant OAO in May 2009 was above 112%, steel-making capacity was loaded for more
than 105%, metallurgical commodity products capacity utilization was about 104%.

Metallurgical commodity products capacity utilization at BMK OAO in May was
about 93%, Izhstal OAO’s metallurgical commodity products capacity utilization
was above 72%, at Vyartsilya Metallurgical Plant OAO it reached the level of
about 103%.
Mechel’s plants in Romania steelmaking capacity utilization in May 2009 was
about 76%, hardware production capacity load was about 83%.
”Our plant’s capacity utilization growth became possible due to the measures we
took to optimize our production as well as to Mechel’s efficient sales policy.
We managed to increase the quality of our sales network operation including
performance of Mechel-Service – the only Russian large retail sales company
which is a part of a group producing finished steel products. Our own sales
networks provide control over products shifting from the plants to the end
consumers. They also enable us to make prompt responses to the world steel
market recovery evidences. Additionally, we redistributed streams of our
wholesale sales on the world steel market. Now semi-finished goods are mainly
sold to the Asia-Pacific region and Middle-East countries. High margin
downstream steel products are supplied to the Western Europe counties. Steel
segment production volume revival provides for internal consumption for raw
materials growth. Thus, we see increase in demand for coking coal, ferroalloys,
iron ore and coke inside the group”, Mechel OAO Senior Vice President Vladimir
Polin commented, “Currently Mechel is the only Russian company commissioning
coke ovens after the period of suspension and production volume drop,” he added.
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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, 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.