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Mechel

February 28, 2005

Mechel reports its production results for 2004

Moscow, Russia February 28, 2005 Mechel increased output of its core products in 2004 as compared to the same period last year. Significant growth has been achieved in coal and rolled steel production by 10.3% and 20.9%, respectively.


Product 2004, thousand tons 2004 as compared to 2003, %
Coal 15,644 + 10.3

Coking coal 9,363 + 8.3

Steam coal 6,281 + 13.6

Iron ore concentrate 3,876 + 10.4

Nickel 12.7 - 5.9

Coke 2,942 + 12.4

Pig iron 3,880 + 23.1

Steel* 6,196 + 16.6

Rolled products* 4,937 + 20.9

Hardware* 592.7 + 27.1

* All production information is presented in this press release for the full calendar periods of 2003 and 2004 as if all Mechel's subsidiaries as of December 31, 2004, were consolidated for such periods. Mechel's consolidated output of steel, rolled products and hardware in 2004 from the date of actual acquisition of the controlling stake in Izhstal, Mechel Nemunas and Mechel Campia Turzii, i.e. from May 2004, October 2003 and June 2003, respectively, is as follows: 6,070.6 thousand tons of steel, 4,911 thousand tons of rolled products, 565.5 thousand tons of hardware, which represents increases of 26.1%, 25.9% and 44.5%, respectively, as compared to 2003.

***

Mechel Steel Group OAO
Irina Ostryakova
Director of Communications
Phone: 7-095-258-18-28
Fax: 7-095-258-18-38
irina.ostryakova@mechel.com

***

Mechel Steel Group is one of the leading Russian metals and mining companies.  Mechel Steel Group unites producers of steel, rolled products, hardware, coal, iron ore concentrate, and nickel.  Mechel Steel Group products are marketed domestically and internationally.

 

 

 

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