evraz business model
Our vision
EVRAZ is a global steel and mining company, the leading producer of infrastructure steel products with lowcost production along the value chain.
Global market trends
In 2020, global finished steel consumption declined by 1.1% primarily driven by the impact of COVID-19. Asia continues to be the main driver of global demand, with growth of 2.7%. Despite lockdowns in the early part of 2020, consumption of iron ore continued to grow, rising by 0.7% in 2020. In 2020, global metallurgical coal consumption declined by 1.8% year-on-year. Despite COVID-19 containment measures, global vanadium demand increased 5% year-on-year, with increased consumption from rebar producers in China offsetting a decline in demand in other regions.
Sustainable development
EVRAZ Business System
EVRAZ strategic priorities reflect current focus areas that are driven by market conditions and business fundamentals.
Debt management and stable dividends
Retention of low-cost position
Prudent CAPEX
Development of product portfolio and customer base
Steel
EVRAZ Steel segment uses locally sourced raw materials to produce steel products in the CIS, 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.
Goal
EVRAZ Coal segment provides raw materials for the Group’s steel mills, supplies coking coal to major domestic coke and steel producers, and exports its products to foreign customers.
Steel, NA
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.
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 firm footprint in Russian, North American and global markets.
Strong position in coking coal market
The largest coking coal producer in Russia with an attractive portfolio of hard and semi-hard coking coal grades.
Vertically integrated low-cost operations
A sound base of steel and coal assets in the first quartile of the global cost curve.