Moscow, Russia – February 10, 2006 – Mechel OAO (NYSE: MTL), a leading Russian integrated mining and metals company, has announced today its production results for 2005.

Product	2005, thousand tonnes	2005 as compared to 2004, %
Coal	15,646	0
Coking coal	8,583	- 8
Steam coal	7,063	+ 12
Iron ore concentrate	4,522	+ 17
Nickel	12.6	- 1
Coke	2,589	- 12
Pig iron	3,349	- 14
Steel	5,899	- 5
Rolled products	4,600	- 2
Commodity billets	1,777	+ 10
Long products	2,510	- 9
Flat products	313	- 6
Stampings	104	+ 33
Hardware	557	0

Vladimir Iorich, Mechel’s Chief Executive Officer, commented on production results for 2005: “Notwithstanding the difficult market environment we faced last year, we believe that Mechel’s diversified business allowed us to react flexibly within our major segment, mining, and to focus on increasing steam coal output on the back of the declining coking coal market. In 2006 we see good prospects for our coal division, and believe that we are on track to reach our goal to produce 25 million tonnes of coal by 2010. The year turned out extremely successful for our iron ore facilities, as concentrate output has increased significantly due to the continuing upgrade of the Korshunov Mining Plant, which considerably contributes to our self-sufficiency in raw materials. We have also achieved positive technological results in our nickel division, as we are reducing coke consumption and improving profitability of ferronickel production. In our steel segment we maintained finished product output practically at the level of the previous year due to the increase of overall efficiency.”