Mechel Announces 2012 First Half Financial Results Conference Call And Internet Broadcast

MOSCOW, Sept. 28, 2012 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its financial results for the 2012 first half period ending June 30, 2012, on Tuesday, October 2, 2012. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Yevgeny Mikhel , Chief Executive Officer , will host the call.

The conference call will take place at the following time:

Tuesday, October 2, 2012

6:00 PM Moscow Time

3:00 PM London Time

10:00 AM New York Time

Please dial 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 toll free [phone]

International [phone]

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 take 15 minutes prior to the call to visit the site and download and install any necessary audio software. Additionally, a record 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, ferrochrome, ferrosilicon, steel, 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
         Phone: [phone]
         e-mail: [e-mail]