JOINT FILING AGREEMENT

EXHIBIT 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Schedule 13D (including any and all amendments thereto) with respect to the Common Shares and ADSs of Mechel OAO, and further agree that this Agreement shall be included as an Exhibit to such joint filings.

     The undersigned further agree that each party hereto is responsible for timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided that no party is responsible for the completeness or accuracy of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

     This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute but one agreement.

     In evidence thereof the undersigned, being duly authorized, hereby execute this agreement on March 4, 2011.

	XXXX X. XXXXXX
		/s/ Xxxx X. Xxxxxx
	CALRIDGE LIMITED
	By:	/s/ Stella Raouna
		Name:	Stella Raouna
		Title:	Director
	DALEWAVE LIMITED
	By:	/s/ Soterakis Koupepides
		Name:	Soterakis Koupepides
		Title:	Director
	BELLASIS HOLDINGS LIMITED
	By:	/s/ Stella Raouna
		Name:	Stella Raouna
		Title:	Director
	ARMOLINK LIMITED
	By:	/s/ Soterakis Koupepides
		Name:	Soterakis Koupepides
		Title:	Director
	METHOL OOO
	By:	/s/ Xxxxxxx Ifutina
		Name:	Xxxxxxx Ifutina
		Title:	General Director

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	ACTIONDEAL LIMITED
	By:	/s/ Menikos Yiannakou
		Name:	Menikos Yiannakou
		Title:	Director
	CYBERWOOD LIMITED
	By:	/s/ Menikos Yiannakou
		Name:	Menikos Yiannakou
		Title:	Director

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