MECHEL ANNOUNCES THE BEGINNING OF COAL SUPPLIES TO CHINA BY NEW RAILWAY ROUTE

Moscow, Russia – August 6, 2013 - Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces that it has started supplying
coal concentrate to the People's Republic of China by rail through new border
checkpoint Makhalino — Hunсhun.
The first cargo train was dispatched in early August along the international
transport corridor linking the south of Russia’s Primorye Region with China’s
Jilin Province. The first 30-wagon convoy delivered Yakutugol Holding Company
OAO’s coal to Chinese recipients through the new border checkpoint Makhalino
(Russia) — Hunchun (China).
Over 200 officials from Primorye Region, Khasan District, the Far East Railroad,
Russian Railways OAO and Chinese Railways attended the opening ceremony for the
new border checkpoint.
“Until now, Mechel made major coal deliveries to Chinese customers only through
sea ports. The opening of this railroad route will enable Mechel to diversify
its logistics and make better time on deliveries to China, which is the world’s
largest consumer of this type of fuel,” Mechel Mining Management Company OOO’s
Chief Executive Officer Pavel Shtark noted.
***
Mechel OAO
Elena Andreyeva
Tel: + 7 495 221 88 88
elena.andreeva01@mechel.com

***
Mechel is an international mining and steel company which employs over 80,000
people. 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.