Mechel Announces That it is Concluding Domestic Quarterly Coal Supply Contracts

MOSCOW, July 22 /PRNewswire-FirstCall/ -- Mechel OAO (NYSE: MTL), one of
the leading Russian mining and metals companies, announces that it has
concluded long term contracts to supply coking coal to a number of Russian
customers and expects to secure additional contracts in the future.
Mechel has concluded agreements on supplying coking coal to major Russian
steel plants for a fixed price for the third quarter of this year. Signing
such agreements increases the transparency and predictability of the market,
and has benefits for both coking coal producers and consumers. Currently,
Mechel is considering the possibility of concluding even longer term contracts
on the domestic market.
Mechel OAO
Ilya Zhitomirsky
Phone: + 7 495 221 88 88
ilya.zhitomirsky@mechel.com

Mechel is one of the leading Russian companies. Its business includes
three segments: mining, steel, and power. Mechel unites producers of coal,
iron ore concentrate, nickel, steel, rolled products, hardware, heat and
electric power. Mechel products are marketed domestically and internationally.
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.
SOURCE Mechel OAO

Ilya Zhitomirsky of Mechel OAO, +7-495-221-88-88, ilya.zhitomirsky@mechel.com