To be the leading manufacturer of steel for infrastructure.
GLOBAL MARKET TRENDS
In 2021, the steel industry was mostly driven by demand-side fluctuations. Steelmakers increased output in anticipation of more robust demand from the construction and manufacturing sectors. Unable to keep up with the accelerated pace of recovery, steel prices rose to their highest in years.
EVRAZ strategic priorities reflect current focus areas that are driven by market conditions and business fundamentals.
DEBT MANAGEMENT AND STABLE DIVIDENDS
PRUDENT CAPEX
RETENTION OF LOW-COST POSITION
DEVELOPMENT OF PRODUCT PORTFOLIO AND CUSTOMER BASE
STEEL
EVRAZ Steel segment uses locally sourced raw materials to produce steel products in Russia and Kazakhstan, which it sells for domestic infrastructure and construction projects while taking a flexible approach to exports. The Group’s vanadium business is based on processing vanadium slag from steelmaking operations.
The Steel, North America segment focuses on the premium markets in the Western US and Canada, offering high value-added products including infrastructure steel, rails, large-diameter pipes and oil country tubular goods.
The Coal segment sells almost half of its volumes to the the EVRAZ steel mills, supplies coking coal to major domestic coke and steel producers, and exports its products to foreign customers.
In the reporting period, EVRAZ announced the demerger of its coal business.
The demerger will result in the creation of two distinct publicly listed businesses with leading positions in their respective fields, and will allow each to pursue tailored strategic, capital allocation and sustainability objectives.
EVRAZ uses the synergies derived from its competitive advantages to ensure that its overall operations are able to generate, sustain and capture value over the long-term.
LEADER IN INFRASTRUCTURE STEEL PRODUCTS
A premium portfolio of railway, construction and tubular products with a firm footprint in Russian, North American and global markets.
VERTICALLY INTEGRATED LOW-COST OPERATIONS
A sound base of steel and coal assets in the first quartile of the global cost curve.
LEADER IN VANADIUM PRODUCTION GLOBALLY
Second largest vanadium producer in the world, with the unique technology and lowest production cost.
SHAREHOLDERS AND INVESTORS
EVRAZ strives to act in shareholders best interest by building an experienced management team, implementing corporate governance best practices and by providing robust total shareholder return.
EMPLOYEES
EVRAZ is among the most sought-after employers in its regions of operation partly due to its staff development programmes and best-in-class working conditions.
CUSTOMERS
EVRAZ generates value for its global clientele by prioritising value-added products, offering better shipping terms and running a client oriented business model.
SUPPLIERS AND CONTRACTORS
EVRAZ honours its position as a vital purchaser of auxiliary materials by fostering the advancement of its customers’ industries and running fair, transparent tenders.
LOCAL COMMUNITIES
EVRAZ believes that conducting its business in a sustainable manner helps to promote regional prosperity where it operates and strives to create healthier, happier local communities by sponsoring social and economic development programmes.
GOVERNMENT AND REGULATORY AUTHORITIES
EVRAZ is one of Russia’s largest taxpayers and employers, and plays a valuable role for the state by providing construction and railway products for the development of infrastructure.
MEDIA
EVRAZ' proactive engagement with the media boosts the quality and transparency of information about the Group.
INDUSTRY ORGANISATIONS
EVRAZ cooperates and supports various industry organisations through joint initiatives and proactivly participates in conferences and forums.
The section 172(1) statement, describing how the directors have had regard to the matters set out in section 172(1)(a) to (f) when performing their duty undersection 172
EVRAZ Steel segment uses locally sourced raw materials to produce steel products in Russia and Kazakhstan, which it sells for domestic infrastructure and construction projects while taking a flexible approach to exports. The Group’s vanadium business is based on processing vanadium slag from steelmaking operations.
The Steel, North America segment focuses on the premium markets in the Western US and Canada, offering high value-added products including infrastructure steel, rails, large-diameter pipes and oil country tubular goods.
The Coal segment sells almost half of its volumes to the the EVRAZ steel mills, supplies coking coal to major domestic coke and steel producers, and exports its products to foreign customers.
In the reporting period, EVRAZ announced the demerger of its coal business.
The demerger will result in the creation of two distinct publicly listed businesses with leading positions in their respective fields, and will allow each to pursue tailored strategic, capital allocation and sustainability objectives.
EVRAZ uses the synergies derived from its competitive advantages to ensure that its overall operations are able to generate, sustain and capture value over the long-term.
LEADER IN INFRASTRUCTURE STEEL PRODUCTS
A premium portfolio of railway, construction and tubular products with a firm footprint in Russian, North American and global markets.
VERTICALLY INTEGRATED LOW-COST OPERATIONS
A sound base of steel and coal assets in the first quartile of the global cost curve.
LEADER IN VANADIUM PRODUCTION GLOBALLY
Second largest vanadium producer in the world, with the unique technology and lowest production cost.
EVRAZ strives to act in shareholders best interest by building an experienced management team, implementing corporate governance best practices and by providing robust total shareholder return.
EMPLOYEES
EVRAZ is among the most sought-after employers in its regions of operation partly due to its staff development programmes and best-in-class working conditions.
CUSTOMERS
EVRAZ generates value for its global clientele by prioritising value-added products, offering better shipping terms and running a client oriented business model.
SUPPLIERS AND CONTRACTORS
EVRAZ honours its position as a vital purchaser of auxiliary materials by fostering the advancement of its customers’ industries and running fair, transparent tenders.
LOCAL COMMUNITIES
EVRAZ believes that conducting its business in a sustainable manner helps to promote regional prosperity where it operates and strives to create healthier, happier local communities by sponsoring social and economic development programmes.
GOVERNMENT AND REGULATORY AUTHORITIES
EVRAZ is one of Russia’s largest taxpayers and employers, and plays a valuable role for the state by providing construction and railway products for the development of infrastructure.
MEDIA
EVRAZ' proactive engagement with the media boosts the quality and transparency of information about the Group.
INDUSTRY ORGANISATIONS
EVRAZ cooperates and supports various industry organisations through joint initiatives and proactivly participates in conferences and forums.
The section 172(1) statement, describing how the directors have had regard to the matters set out in section 172(1)(a) to (f) when performing their duty undersection 172