updated 2/14/2011 10:17:11 AM ET 2011-02-14T15:17:11

NERUNGRI, Russia, Feb. 14, 2011 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and steel companies, announces the re-launching of the Nerungrinskaya washing plant at Yakutugol OAO, following the accident on December 26 which saw the collapse of three thickeners in the washing shop.

The washing plant's coking coal concentrate production equipment was started back upon February 10. Operations were resumed at the washing shop's second and third sections, which at full load will allow the plant to maintain pre-accident levels of concentrate production. Repairs are ongoing at the shop's first section.

The Nerungrinskaya washing plant's re-start was preceded by major repair works to eliminate the accident's after effects, restore steelwork, strengthen the thickeners' assembly and prepare the equipment for operation.

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.

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
         Ekaterina Videman
         Phone: + 7 495 221 88 88
         ekaterina.videman@mechel.com

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