updated 4/12/2011 1:16:29 PM ET 2011-04-12T17:16:29

MOSCOW, April 12, 2011 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2010 with the U.S. Securities and Exchange Commission.

The report is available at the following link:

http://www.sec.gov/Archives/edgar/data/1302362/000095012311034837/0000950123-11-034837-index.htm

Shareholders may also request a hard copy of Mechel's latest 20-F with complete audited financial statements free of charge by sending their request to Mechel at ir@mechel.com

Mechel is one of Russia's leading companies. Its business is primarily composed of 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
         Vladislav Zlenko
         Director of Investor Relations
         Phone: +7 495 221-88-88
         Fax: +7 495 221-88-00
         vladislav.zlenko@mechel.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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