Severstal – a Global Leader in the Steel IndustryOverviewSeverstal North America is a wholly owned subsidiary of OAO Severstal, one of the world’s leading steel producers with vertically integrated and geographically diversified metallurgical and mining assets. In the Russian language, "sever" means "northern" and "stal" means "steel." The foundation of OAO Severstal, its Cherepovets plant, is located about 300 miles north of the Moscow headquarters. The Company’s shares are listed on the Russian Trading System (RTS) and on the London Stock Exchange (LSE). The company focuses on value-added and niche products. It has a successful track record of acquiring and operating high-quality assets in North America and Europe. Severstal also owns mining enterprises in Russia and the United States, supplying its steel operations with raw materials. The company also has a gold mining segment, managing important assets in Russia and Kazakhstan. The company has three divisions:
• Severstal Russian Steel Currently, the company’s assets are located in Russia, Ukraine, Kazakhstan, Italy, France, the United Kingdom, the United States and Africa. In 2008, Severstal produced 19.2 mln tonnes of steel, posting revenues of USD $22.4 bn. The company’s 2008 EBITDA was USD 5.4 bn, while its EPS (earnings per share) stood at USD $2.02. Severstal’s key asset is Cherepovets Steel Mill located in Cherepovets in northwest Russia. It is an integrated steel plant with coking coal, blast furnaces, steelmaking furnaces and rolling facilities. It is one of the world’s most powerful and modern ferrous metals manufacturing enterprises. Severstal’s corporate governance is consistent with international best practices. The company’s Board of Directors has 10 members, five (including the chairman) are independent directors. 2009 HighlightsAccording to Metal Bulletin ratings, Severstal remains the largest producer by volume among companies in the CIS (The Commonwealth of Independent States, former Soviet Republics). Severstal announces strong financial results for 2008. Revenues and net profit increased by 44.4% and 9.9% respectively, year on year.
For additional information on OAO Severstal, click here www.severstal.com. |