Metalloinvest, Severstal, TMK Pipes

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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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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