Mechel Announces Filing With SEC 2008 Annual Report (Form 20-F)

MOSCOW, June 24, 2009 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, announces that it has filed its
Annual Report on Form 20-F for the fiscal year ended December 31, 2008 with the
U.S. Securities and Exchange Commission.

The report is available at the following link:
http://www.sec.gov/Archives/edgar/data/1302362/000095012309016383/u06046e20vf.ht

Shareholders may also request a hard copy of Mechel's latest 20-F with complete
audited financial statements free of charge by sending their request to Mechel
at ir@mechel.com or by posting such a request through a link in the Investors
section of Mechel's web site at www.mechel.com.

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.

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.

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CONTACT: Mechel OAO
Alexander Tolkach
+ 7 495 221 88 88
alexander.tolkach@mechel.com