Metalloinvest, Mechel, Severstal

Russian Steel:Best of the best

According to rankings, compiled by the RBC, 14 representatives of the steel industry were included in the number of 500 largest Russian companies.
The largest steel company in terms of revenues, according to the agency, became Evraz. In 2014, its revenue increased by 9% to 502 billion rubles. The company’s loss grew to 49 billion rubles, and the number of employees decreased by 10% to 93.7 thousand people.

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Igor Shuvalov takes administrative barriers off metallurgists .

In exchange for keeping low metal prices the government offered metallurgists administrative and financial support.
Yesterday at the anti-crisis meeting held by the First Deputy Prime Minister Igor Shuvalov it had been decided that the steelmakers would keep prices, and the state would support them for that, several people familiar with the outcome of the meeting told "the Vedomosti": for example, export duties will not applied to the metallurgists. Officials are ready to think about the interest rate subsidies for specific programs of import substitution, people close to the government state.

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The total debt of Russian Steel’s member companies is $34 billion

Russian steel industry has been weakened by significant debt burden, vice president of the nonprofit partnership Russian Steel Igor Khoroshy reported at the meeting of the Coordinating Council on industrial policy in the metallurgical complex, chaired by the Russian Deputy Minister of Industry and Trade Sergey Tsyba.
According to the representative of Russian Steel, in 2013, the ratio of net debt to EBITDA of the member companies was 3.2, which is $34 billion in absolute terms.

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Russian Steel has faced a new competitor, The Union of Steel Smelting Industry Enterprises

The Russian leading transport machine building companies, Transmashholding, The Tractor Plants concern and The United Railway Car Company have announced about foundation of The Union of Steel Smelting Industry Enterprises. The new partnership was announced at the 9th International Railway Business Forum ‘Strategy Partnership 1520’. Besides from the companies mentioned above, the participants in the partnership of the transport machine building companies obtaining their own steel smelting capacities include, Bezhitskaya Steel JSC, Promtractor-Promlit Ltd, Tikhvin Railway Car Building Plant CJSC and Titran-Express TSZ CJSC.
The main task of foundation of the new non-commercial partnership is the forming of the sole technical policy for the steel smelting enterprises of transport machine building concerning the growing demands of the market, the provision of the mass transition to the modern models of cast details for freight rolling stock and protection from counterfeit and antidumping initiatives.

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Metallurgical plants of Russian Steel increase production of finished rolled metal by 11%

In March of 2014, the main enterprises-members of Russian Steel produced 4.7 million tons of finished rolled metal that is by 11% more than in the previous month and by 0.5% more than in March of 2013.
In the first 3 months of 2014, production of finished rolled metal fell by 0.76% as compared with the same period of the previous year to 13.5 million tons.

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In February 2014, Russian Steel reduced steel production by 8%

Russian Steel,the non-commercial partnership announced the results of the work of its member enterprises in February 2014. Russian Steel reduced steel production by 7.8% compared to the corresponding period of the previous year, and by 3.45 compared to January 2014, to 4.18 million tons. In January - February 2014, steel production reduced by 2.1% to 8.7 million tons.

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In January, enterprises of Russian steel increased production of rolled metal by 0.4%

In January of 2014, enterprises of uncommercial partnership Russian steel increased production of finished rolled metal by 0.4% as compared with January of 2013 to 4.59 million tons, Russian steel reports.

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Lipetsk is one of few company towns that keep social stability

A meeting on the issues of the metallurgical industry's development and assistance to the inhabitants of company towns in the case of closure and restructuring of inefficient enterprises has taken place in the Russian Ministry of Economic Development’s office recently. The chiefs of such metallurgical companies, including the Exraz holding company, Mechel, Metalloinvest, ChTPZ, UC Rusal, Severstal, NLMK, MMK and other took part in it. NLMK was represented by its vice president for social issues Alexander Sokolov.
The representatives of the Russian metallurgical enterprises discussed problems that occurred in the sector in recent years. Thus, in November of 2013 the Prime Minister, Dmitry Medvedev noted the originality of unemployment in our country at one of meetings on the employment of population: such as the difficulty to get job in company towns that depend on township-forming enterprises.

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