updated 9/30/2010 12:46:18 PM ET 2010-09-30T16:46:18

MOSCOW, Sept. 30, 2010 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL) announces that it intends to release its financial results for the first half ending June 30, 2010, on Tuesday, October 5, 2010. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcasted live over the Internet. Yevgeny Mikhel,Chief Executive Officer, will host the call.

The conference call will take place at the following times:

Tuesday, October 5, 2010

6:00 PM Moscow Time

3:00 PM London Time

10:00 AM New York Time

Please call the number below approximately 15 minutes prior to the scheduled time of the call, quoting Mechel, and the chairperson name, Vladislav Zlenko.

Conference Call Phone Numbers:

US: +1 866 966 5335

International: +44 203 003 2666

Listeners can access the conference call live over the Internet through a link on Mechel's web site at http://www.mechel.com/investors/fresults/index.wbp

Please allow 15 minutes prior to the call to visit the site and download and install any necessary audio software. Additionally, a replay of the webcast will be available on our web site.

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, steel, ferrochrome, ferrosilicon, 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.

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