Mechel Mechel Announces Q1 Operational Results

Mechel OAO MTL announces operational results for Q1 2011. Mechel OAO's General Director Yevgeny Mikhel commented on the first quarter 2011 operational results: "Over this year's first three months all of Mechel's business segments demonstrated confident levels of production growth we achieved in 2010. "In the mining segment, the coking coal concentrate's production volumes went up by 31% compared to the same period last year. " "The steel segment also showed confident growth compared to the same period last year. Hardware production went up by 36%. Due to the launch of new facilities, production of steel, steel alloy electrode and high-strength wires, as well as regular wire, was increased in particular. Output of forgings and stampings exceeded last year's figures by 24% and 38% respectively, due to high demand both on domestic and international markets. " "Our power division operations, including the results from our Bulgarian asset Toplofikatsia Rousse in which we consolidated 100% stake in November 2010, increased heat and electric power generation by 5% and 13.4% respectively, compared to the same period last year. "The respective results achieved by every Mechel business segment in the first quarter of 2011 enable us to look into the future with optimism. We intend to continue our efforts to further improve the group's production results, as required by the market demand for our prime products."