Annual Report 2007 - Severstal

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Overview 1 Mi Business review 6 Ts St Mi St M St M M St M St Corporate social responsibility 61 Board of Directors 64 Overview 1 Introduction 2 Performance in brief 4 Severstal in brief Business review 6 Chairman’s statement 8 Chief Executive’s statement 11 Principal events of 2007 12 The world of Severstal 26 Steel and mining industry overview 30 Risk management 32 Severstal performance review 35 – Mining 41 – Russian Steel 46 – Severstal North America 50 – Lucchini 53 – Metalware 55 – Izhora Pipe Mill 57 Severstal on the capital markets 61 Corporate social responsibility Governance 64 Board of Directors 66 Board of Directors’ report Financial statements 69 Consolidated financial statements 117 Shareholder information and financial calendar
We are a leading international steel producer with vertically integrat ed and geographically diversified metallurgical and mining assets. We aim to be one of the largest and most profitable business of our kind in the world. This year we achieved more by building on the solid foundations we prepared during 2007. Severstal Annual Report 2007 1
Page 1: Annual Report 2007
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 and 14: Principal events of 2007 January Ch
Page 15 and 16: Reconstructed in 1996 using steel p
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
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Sales by products 2007 2006 Change
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Metalware Sales by industry in Russ
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Izhora Pipe Mill Production of larg
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Severstal on the capital markets Sh
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Eurobond issues Interest Date Date
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Corporate social responsibility Our
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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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