Mechel Reports Resumption of Mining at Mechel Bluestone Mining Facilities

Mechel Reports Resumption of Mining at Mechel Bluestone Mining Facilities

MOSCOW, Jan. 24, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, reports the resumption of work at
several of Mechel Bluestone's (West Virginia, USA) mining facilities. Mechel
Bluestone is part of the Group's mining division.

Due to decreased coal inventories, Mechel decided to resume open-pit mining at
some of Mechel Bluestone's facilities — Justice Energy and Dynamic Energy
mining complexes. The complexes are due to produce some 135,000 tonnes a
month.

Mining at these Mechel Bluestone facilities was temporarily halted in late
October 2012 due to an accumulation of coal inventories. Mechel Bluestone's
washing plants continued operating and all obligations under pre-existing
contracts were met in full.

The company will resume mining at other Mechel Bluestone facilities as market
conditions warrant.

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, nickel, ferrochrome, ferrosilicon, steel, rolled
products, hardware, heat and electric power. Mechel products are marketed
domestically and internationally.

The Mechel OAO logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8181

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.

CONTACT: Mechel OAO
         Pavel Taran
         Tel: + 7 495 221-88-88
         pavel.taran@mechel.com

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