Exhibit 8.1



|                                          |  |               |  |                       |  |                                              |  |                                                            |       |   |      |  |       |      |  |  |       |  
|----------------------------------------- |  | ------------- |  | --------------------- |  | -------------------------------------------- |  | ---------------------------------------------------------- | ----- | - | ---- |  | ----- | ---- |  |  | ----- | -
|Name of subsidiary                        |  | Registered in |  | Core business         |  | Date controlacquired/date ofincorporation(*) |  | Interest in voting stock held bythe Group at December 
31, |      
|                                          |  |               |  |                       |  |                                              |  | 2011                                                       |       |   | 2010 |  |       | 2009 | 
|Mechel International Holdings GmBH (MIH)1 |  | Switzerland   |  | Holding and trading   |  | July 1, 1995                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Metal Supply Limited (MMS)         |  | Liechtenstein |  | Trading               |  | Oct 30, 2000                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Trading House (MTH)                |  | Russia        |  | Trading               |  | June 23, 1997                                |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Southern Kuzbass Coal Company (SKCC)      |  | Russia        |  | Coal mining           |  | Jan 21, 1999                                 |  |                                                            | 96.6  | % |      |  | 96.6  | %    |  |  | 95.9  | %
|Tomusinsk Open Pit (TOPM)                 |  | Russia        |  | Coal mining           |  | Jan 21, 1999                                 |  |                                                            | 74.5  | % |      |  | 74.5  | %    |  |  | 74.5  | %
|Chelyabinsk Metallurgical Plant (CMP)     |  | Russia        |  | Steel products        |  | Dec 27, 2001                                 |  |                                                            | 94.2  | % |      |  | 94.2  | %    |  |  | 94.2  | %
|Southern Urals Nickel Plant (SUNP)        |  | Russia        |  | Nickel                |  | Dec 27, 2001                                 |  |                                                            | 84.1  | % |      |  | 84.1  | %    |  |  | 84.1  | %
|Vyartsilya Metal Products Plant (VMPP)    |  | Russia        |  | Steel products        |  | May 24, 2002                                 |  |                                                            | 93.3  | % |      |  | 93.3  | %    |  |  | 93.3  | %
|Beloretsk Metallurgical Plant (BMP)       |  | Russia        |  | Steel products        |  | June 14, 2002                                |  |                                                            | 91.4  | % |      |  | 91.4  | %    |  |  | 91.4  | %
|Mechel Targoviste S.A.                    |  | Romania       |  | Steel products        |  | Aug 28, 2002                                 |  |                                                            | 86.6  | % |      |  | 86.6  | %    |  |  | 86.6  | %
|Ural Stampings Plant (USP)                |  | Russia        |  | Steel products        |  | April 24, 2003                               |  |                                                            | 93.8  | % |      |  | 93.8  | %    |  |  | 93.8  | %
|Korshunov Mining Plant (KMP)              |  | Russia        |  | Iron ore mining       |  | Oct 16, 2003                                 |  |                                                            | 85.6  | % |      |  | 85.6  | %    |  |  | 85.6  | %
|Mechel Campia Turzii S.A.                 |  | Romania       |  | Steel products        |  | June 20, 2003                                |  |                                                            | 86.6  | % |      |  | 86.6  | %    |  |  | 86.6  | %
|Mechel Nemunas (MN)                       |  | Lithuania     |  | Steel products        |  | Oct 15, 2003                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Energo                             |  | Russia        |  | Power trading         |  | Feb 3, 2004                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Port Posiet                               |  | Russia        |  | Transportation        |  | Feb 11, 2004                                 |  |                                                            | 97.1  | % |      |  | 97.1  | %    |  |  | 97.1  | %
|Kaslinsky Architectural Art Casting Plant |  | Russia        |  | Steel products        |  | April 14, 2004                               |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Izhstal                                   |  | Russia        |  | Steel products        |  | May 14, 2004                                 |  |                                                            | 88.4  | % |      |  | 88.4  | %    |  |  | 88.4  | %
|Port Kambarka                             |  | Russia        |  | Transportation        |  | April 27, 2005                               |  |                                                            | 90.4  | % |      |  | 90.4  | %    |  |  | 90.4  | %
|Mechel Service**                          |  | Russia        |  | Trading               |  | May 5, 2005                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Trading A.G.                       |  | Switzerland   |  | Trading               |  | Dec 20, 2005                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Metals Recycling                          |  | Russia        |  | Scrap collecting      |  | March 14, 2006                               |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Moscow Coke and Gas Plant (Moskoks)       |  | Russia        |  | Coke production       |  | Oct 4, 2006                                  |  |                                                            | 99.5  | % |      |  | 99.5  | %    |  |  | 99.5  | %
|Southern Kuzbass Power Plant (SKPP)       |  | Russia        |  | Power generation      |  | April 19, 2007                               |  |                                                            | 98.3  | % |      |  | 98.3  | %    |  |  | 98.3  | %
|Mechel Finance***                         |  | Russia        |  | Corporate finance     |  | June 6, 2007                                 |  |                                                            |      |   |      |  | 100.0 | %    |  |  | 100.0 | %
|Kuzbass Power Sales Company (KPSC)        |  | Russia        |  | Power sales           |  | June 30, 2007                                |  |                                                            | 72.1  | % |      |  | 72.1  | %    |  |  | 72.1  | %
|Bratsk Ferroalloy Plant (BFP)             |  | Russia        |  | Ferroalloy production |  | Aug 6, 2007                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Yakutugol                                 |  | Russia        |  | Coal mining           |  | Oct 19, 2007                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Carbon A.G.                        |  | Switzerland   |  | Trading               |  | April 2, 2008                                |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 99.2  | %
|Ductil Steel S.A. (Ductil Steel)          |  | Romania       |  | Steel products        |  | April 8, 2008                                |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Oriel Resources Limited (Oriel Resources) |  | Great Britain |  | Chrome and nickel     |  | Apr 17, 2008                                 |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Mining OAO                         |  | Russia        |  | Holding               |  | April 18, 2008                               |  |                                                            | 98.69 | % |      |  | 98.69 | %    |  |  | 98.44 | %
|HBL Holding GmbH (HBL)                    |  | Germany       |  | Trading               |  | Sept 26, 2008                                |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Mechel Remservice                         |  | Russia        |  | Repairs               |  | Feb 9, 2009                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Bluestone companies                       |  | USA           |  | Coal mining           |  | May 7, 2009                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 100.0 | %
|Laminorul S.A.                            |  | Romania       |  | Steel products        |  | Feb 25, 2010                                 |  |                                                            | 90.9  | % |      |  | 90.9  | %    |  |  |      |  
|Ramateks                                  |  | Turkey        |  | Trading               |  | June 18, 2010                                |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  |      |  
|Toplofikatsia Rousse (TPP Rousse)         |  | Bulgaria      |  | Power generation      |  | Dec 9, 2010                                  |  |                                                            | 100.0 | % |      |  | 100.0 | %    |  |  | 49.0  | %
|Mechel Mining Trading House               |  | Russia        |  | Trading               |  | May 19, 2011                                 |  |                                                            | 100.0 | % |      |  |      |      |  |  |      |  
|Invicta Merchant Bar                      |  | Great Britain |  | Steel products        |  | Aug 22, 2011                                 |  |                                                            | 100.0 | % |      |  |      |      |  |  |      |  
|Donetsk Electrometallurgical Plant (DEMP) |  | Ukraine       |  | Steel products        |  | Dec 22, 2011                                 |  |                                                            | 100.0 | % |      |  |      |      |  |  |      |  



|* | Date, when a control interest was acquired or a new company established by either the Group or Controlling Shareholders.
|- | ------------------------------------------------------------------------------------------------------------------------

|** | On March 10, 2009, a new subsidiary of Mechel OAO, Mechel Service Global B.V., was incorporated.
|-- | ------------------------------------------------------------------------------------------------

|*** | Mechel Finance was liquidated on February 24, 2011.
|--- | ---------------------------------------------------

|1 | Formerly  Mechel Trading AG (MT). Renamed on December 20, 2005.
|- | ----------------------------------------------------------------