Mechel Attends Metal Expo’ 2008 Annual Exhibition

Mechel Attends Metal Expo’ 2008 Annual Exhibition

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Moscow, Russia – November 17, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, attended the 14th annual Metal Expo’ 2008 international specialized exhibition held at the Crocus Expo International Exhibition Center in Moscow, Russia on November 11 – 14, 2008.

The Metal Expo’ 2008 exhibition featured the products and achievements of more than 700 companies from 30 countries worldwide in metals and steel as well as other related industry areas. The exhibition was attended by nearly 30,000 business leaders of various companies in steel making and processing, machinery, construction and other industries.

The integrated corporate booth of Mechel presented the products of the Group’s subsidiaries, including Chelyabinsk Metallurgical Plant OAO, Beloretsk Metallurgical Plant OAO, Urals Stampings Plant OAO, Stahls GROUP, Vyartsilya Hardware Plant ZAO, Kasli Plant for Art Castings OOO. The booth was served by representatives from Mechel OAO, Mechel Trading House OOO and Mechel Service OOO, Mechel’s sales and services subsidiary.

The exhibition covered several conferences, workshops, panel discussions, award nominations and presentations. Beloretsk Metallurgical Plant OAO received two award nominations. The plant was nominated for The Best Scenario diploma at the Metal Vision’ 2008 awards for movies on steel making and for The Active Participant diploma at the Metal Photo Art’ 2008 awards.

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Mechel OAO
Ilya Zhitomirsky
Phone: + 7 495 221 88 88
ilya.zhitomirsky@mechel.com

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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.

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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.

17.11.2008

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