Chelyabinsk – July 31, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports supplying a batch of R65 rails produced by Chelyabinsk Metallurgical Plant for expanding the carrying capacity of its 321-kilometer Ulak-Elga railway which provides railway access to the Elga coking coal deposit.

The supplied rails will enable the company to lay 25 kilometers of service tracks for Elga Coal Complex.

These rails were produced using Elga’s coking coal concentrate in the coke and chemical process, thereby attaining additional synergistic effect between Mechel Group’s enterprises.

Chelyabinsk Metallurgical Plant’s rails were certified by the project research and scientific research for industrial transport institute ZAO Promtransniiproekt as compliant with the TU 14-2P-475-2013 standard. Those are wide-gauge rails for technological tracks of an enterprise’s railway transport.

“Supplying rails produced by Chelyabinsk Metallurgical Plant has strategic importance for the Elga deposit’s development and consolidating intra-Group ties between Mechel’s enterprises. This is an important stage not only in developing Elga, but also in mastering production at the universal rolling mill, because it will enable us to prove in practice the high quality of Chelyabinsk Metallurgical Plant’s rails in Far North’s conditions,” Mechel OAO’s Chief Executive Officer Oleg Korzhov said.

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Mechel OAO

Ekaterina Videman

Phone: +7 495 221-88-88

ekaterina.videman@mechel.com