Annual Report 2007 - Severstal

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Overview Severstal in brief We are already a bigger company than many people know. We have 100,000+ employees, produced over 17.5 million tonnes of steel last year and increased revenues by 22.5% to US$15,245m. Mi Mi Mi Ts St Mi St M St Mi M M Mi St M M Mi St St St St St St M Mi Ts Steel and rolled products Metalware Mining Trade and services 4 Severstal Annual Report 2007
Corporate structure In April 2008, Severstal reorganised its business segments into three principal divisions: Severstal Russian Steel, Severstal Resources and Severstal International. In this report we will be using the 2007 segmental structure shown below. Severstal Russian Steel Severstal Resources Severstal International 2007 Segments Russian Steel Russian Steel is Severstal’s largest segment by revenue. In 2007, it was the third largest company in Russia by volume of crude steel production (16.4%) and third in terms of rolled products (17.9%). Assets – Cherepovets Steel Mill, Cherepovets, Russia – Severgal, Cherepovets, Russia – Neva-MetallTrans, St. Petersburg, Russia Metalware M St Has a leading position (25% of the market share) in the Russian metalware industry, an 18% share in the Ukrainian market, and a 23% share in the UK market. Assets – Severstal-metiz companies: Cherepovets, Russia, Orel, Russia, Volgograd, Russia – Dneprometiz, Dnepropetrovsk, Ukraine – Carrington Wire, Elland, UK Ts Mining Mi Severstal’s Mining segment is one of Russia’s three largest producers of iron ore concentrate (with a market share of 9.1%), pellets (30%) and coking coal (14.7%). Assets – Vorkutaugol, Vorkuta, Russia – Karelsky Okatysh, Kostomuksha, Russia – Olkon, Olenegorsk, Russia – Vtorchermet, St. Petersburg, Russia – Gold-producing companies: Chita, Russia, Nerungri, Russia, Semipalatinsk, Kazakhstan Severstal North America Severstal North America (SNA) is the fourth largest integrated steelmaking company in the United States, and produces high-quality flat-rolled products. Assets – SNA, Dearborn, USA – SeverCorr, Columbus, USA* – Sparrows Point, Baltimore, USA** – WCI, Warren, USA*** Lucchini St St Lucchini is the second largest steel group in Italy and one of the largest European producers of special quality steel long products by volume of production, with 15 plants and service centres throughout Europe. Assets – Lucchini Piombino, Piombino, Italy – Lucchini Ascometal, Les Dunes, France Izhora Pipe Mill Izhora Pipe Mill is 100% owned by Severstal and from 2007 has been considered a separate business segment. The mill has an annual production capacity of 600,000 tonnes of large-diameter pipes. Assets Izhora Pipe Mill, St. Petersburg, Russia St * Consolidated beginning Q1 2008 ** Consolidated beginning Q2 2008 *** Consolidated beginning Q3 2008 Severstal Annual Report 2007 5
Page 1 and 2: Annual Report 2007
Page 3 and 4: We are a leading international stee
Page 5: Sales by delivery destination 2007
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
Page 53 and 54: Sales by products 2007 2006 Change
Page 55 and 56: 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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