MECHEL ANNOUNCES RECORD RESULTS AT POSIET PORT

Moscow, Russia — September 8, 2011 — Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces record coal transshipment results
achieved by Trade Port Posiet OAO in August.
In August, Trade Port Posiet OAO loaded 26 cargo ships with a total of 509,000
tonnes of coal products, which is the best monthly result in the port’s history.
The record was achieved due to improvements in the port’s technical support made
within the framework of the large-scale modernization program scheduled to be
completed by the end of 2012.  By now, the port’s drainage runs, crane runways
and railway tracks had already been lengthened, which enabled the company to
admit simultaneously three ships to loading berths. The port commissioned
additional equipment, including two hydraulic grab loaders produced by Terex
Fuchs and Liebherr Group of Germany, a portal loader produced by Finnish-based
Mantsinen Group, and a mobile stacker produced by British-based Telestack.
Mecheltrans Management OOO’s Chief Executive Officer Alexander Starodubov
commented on the record achievement: “This result became possible thanks to the
improvement of the port’s technical facilities, implementation of new ways of
wagon supply, increase of the daily norm for wagon admission to the port, as
well as the well-coordinated efforts of Mechel’s entire transport division. Port
Posiet thus achieved a new level in transshipment of coal, which is particularly
important as the enterprise ensures access for Mechel OAO’s products to key
Pacific Asian markets.”
As part of the modernization program, Trade Port Posiet OAO is currently
undergoing technical re-equipment and expansion of the port’s infrastructure,
aimed at increasing the port’s annual coal transshipment capacity to 9 million
tonnes. Investment in Port Posiet coal complex’s technical modernization will
amount to some 73 million dollars.

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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is one of the leading Russian companies operating in four segments:
mining, steel, ferroalloys and power. Mechel's operations produce coal, iron ore
concentrate, crude steel, rolled steel, ferroalloys, value-added downstream
metal products as well as electric and heat power. Mechel markets its products
both 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.