Mechel reported that two official meetings between Mechel OAO Chairman of the Board of Directors Mr Igor Zyuzin and Romania President Mr Traian Basescu and Prime Minister Mr Emil Boc.

Mr Zyuzin met Romania Mr Basescu and Mr Boc within the framework of Mr Zyuzin working visit to Romania on June 7 to 8, timed to the launch of the modernized steel making shop at Ductil Steel Otelu Rosu plant in Romania.

During the meetings, Mr Zyuzin informed Romanian leaders of Mechel activities in Romania, investment projects recently completed on the group Romanian based steel plants and assured Romania top officials of Mechel firm intention to continue developing Romania’s steel industry.

Mr Basescu thanked Mechel management for investing in development of Romania steelmaking plants during the crisis, noted a significant increase in production in all of the group enterprises in 2010 and voiced the Romanian leadership readiness to support Mechel activity in Romania.

Mr Boc gave assurances that Romania government will work to stimulate economic growth and create favorable conditions for strategic investment.

Mechel acquired its first asset in Romania in August 2002 and is currently one of the major players on Romania steel market. The company owns five steelmaking plants in Romania which employ a total of over 7,000 staff.