MECHEL REPORTS RECORD CARGO VOLUMES AT TRADE PORT POSIET

Moscow, Russia — December 26, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Trade Port Posiet’s annual
cargo volume has reached 5 million tonnes of coal products by December 25. This
is the best result in the port’s history.
The shipment including the 5-millionth tonne of coal was expedited to People’s
Republic of China.
This record was made possible by the launch of the trial run of a specialized
coal terminal in the first quarter of 2014. Coal is mostly unloaded by two wagon
dumpers, which doubles the transshipment speed. In 2015 the port will reach the
capacity of 7 million tonnes of coal.
Considering the port infrastructure’s future upgrading, which includes
construction of a sea terminal and an approach channel for Panamax-type vessels
with cargo capacity of up to 60,000 tonnes, Trade Port Posiet’s turnover is
planned to reach 12 million tonnes of coal in the mid-term.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221-88-88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company which employs over 80,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in a
single production chain, from raw materials to high value-added products.
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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.