Moscow, Russia – May 24, 2018 – Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports signing a five-year cooperation agreement with the Russian Export Center.

Chairman of Mechel PAO’s Board of Directors Igor Zyuzin and the Russian Export Center’s Chief Executive Officer Andrey Slepnev signed a bilateral agreement on the sidelines of St Petersburg International Economic Forum 2018.

The agreement sets forth focal areas of the mutually beneficial cooperation aimed at expanding exports of high-margin products made by Mechel Group’s facilities. The Russian Export Center is planned to provide financial and insurance assistance in advanced technology production, provide loans for Mechel’s foreign customers, and give information and consulting support in new markets and search for foreign partners.

“St Petersburg International Economic Forum is a leading Russian venue for discussing projects where the state and private business come as partners. I think that the agreement with the Russian Export Center that we have signed on the forum’s sidelines will help create profitable conditions for Mechel’s buisness, as well as expand our ability to promote the company’s products in foreign markets,” Chairman of Mechel PAO’s Board of Directors Igor Zyuzin noted.

“Our task is to support exports of highly processed products, and so we highly appreciate cooperation with Mechel, whose products correspond with these criteria. We are now working on projected supplies of rail and beam products and steel rolls. I hope that our joint efforts will bring an increase in the share of non-resource products in exports by Mechel and other steelmakers,” the Russian Export Center’s Chief Executive Officer Andrey Slepnev said.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com