Annual Report 2007 - Severstal

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Business review The world of Severstal From our beginnings in Russia, our reach now extends internationally and our operations stretch across Europe and to North America where we are now the fourth largest steel producer. We have a clear strategy for creating value, as demonstrated by this year’s strong financial performance and we are building a solid platform for delivering superior and sustainable returns. We are clear on what sets us apart and where we are going. Our vertically integrated model ensures security of our supply of raw materials, and affords us significant cost advantages, by cushioning us from rising prices. We aim to continue to grow organically, and will combine this with a disciplined approach to M&A. We will also continue our growing focus on high-value-added and niche products. The following pages provide an insight into the world of Severstal. 12 Severstal Annual Report 2007
Reconstructed in 1996 using steel produced by Severstal, Luzhniki Stadium in Moscow is the biggest sports stadium in Russia. With a seating capacity of nearly 80,000 it is the home of FC Spartak Moscow and on 21 May 2008 was the venue for the 2008 UEFA Champions League Final. Severstal Annual Report 2007 13
Page 1 and 2: Annual Report 2007
Page 3 and 4: We are a leading international stee
Page 5 and 6: Sales by delivery destination 2007
Page 7 and 8: Corporate structure In April 2008,
Page 9 and 10: Dividend payments were 40.1% of 200
Page 11 and 12: Our strategy for growth is to: - Re
Page 13: Principal events of 2007 January Ch
Page 17 and 18: The mining area of Vorkutaugol cons
Page 19 and 20: Severgal, Cherepovets is equipped w
Page 21 and 22: A process technician at Spartan Ste
Page 23 and 24: Severstal Annual Report 2007 21
Page 25 and 26: Severstal Annual Report 2007 23
Page 27 and 28: In 2007, Izhora Pipe Mill produced
Page 29 and 30: Crude steel production Million tonn
Page 31 and 32: Pipe industry In 2007, the steel co
Page 33 and 34: Risks Operational risks Investment
Page 35 and 36: Severstal revenue by segments,* 200
Page 37 and 38: Mining Severstal’s Mining segment
Page 39 and 40: Mining segment, sales by products,
Page 41 and 42: Mining segment, export sales, FCA b
Page 43 and 44: Russian Steel Crude steel productio
Page 45 and 46: Sales by products 2007 2006 Change
Page 47 and 48: Costs 2007 2006 US$ % of US$ % of C
Page 49 and 50: Key performance indicators 2007 200
Page 51 and 52: SNA revenues by industries Automoti
Page 53 and 54: Sales by products 2007 2006 Change
Page 55 and 56: Metalware Sales by industry in Russ
Page 57 and 58: Izhora Pipe Mill Production of larg
Page 59 and 60: Severstal on the capital markets Sh
Page 61 and 62: Eurobond issues Interest Date Date
Page 63 and 64: Corporate social responsibility Our
Page 65 and 66:
Clockwise from above: We have spons
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Christopher Clark Independent Chair
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When joining the Board, Directors a
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OAO Severstal and subsidiaries Cons
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Independent Auditors’ Report Boar
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OAO Severstal and subsidiaries Note
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Shareholder information and financi
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Annual Report 2007 - Severstal

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