Company Profile For OAO "Severstal' "

Severstal' OAO (Severstal), through its subsidiaries, operates in seven segments. The mining segment comprises iron ore and coal mining complexes and gold mining assets. The Russian Steel segment comprises the Company's steel production and automotive galvanizing facilities. The Lucchini segment comprises plants and service centers, including Piombino and Ascometal business units. The North America segment consists of two integrated iron and steel mills. Izhora Pipe Mill operates a large-diameter pipe mill in Northwest Russia. The Metalware segment comprises plants containing wire drawing equipment that takes long products from the Russian Steel and Lucchini segments and external suppliers and turns them into products with a higher value for the Russian and International markets. The Financing segment, until November 2007, operated a retail bank. In November 2009, the Company sold its wholly owned subsidiary, Severstal’-Emal’ OOO, to Sibirskie tovary.

BRIEF: For the nine months ended 30 September 2009, Severstal' OAO's total revenue decreased 50% to $9.14B. Net loss for the period totaled $878.1M, vs. an income of $3.24B. Total revenue reflects decreased demand for the Company's products, especially in the Russian Federation, Europe, South-East Asia and Middle East geographical segments. Net loss reflects lower both gross and operating profit margins mainly due to higher interest expenses.

OAO "Severstal' "
ul. Mira 30
Vologodskaya oblast'
Cherepovets     162600
P: +78202.531353
F: +78202.571276

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