Annual Report & Accounts 2013
Severstal Annual Report 2013 Home > Performance > Severstal International
 

Severstal International

Severstal International (also known as Severstal North America) is one of the largest steelmakers in the United States specialising in the next generation of high quality, flat-rolled, carbon steel products in a wide range of grades, chemistries, gauges and widths, including:

  • Hot rolled
  • Cold rolled
  • Hot-dip galvanized (and galvannealed and culvert)

We serve customers in more than 20 markets including the automotive, appliance, construction, container, pipe and tubing, distribution, converter and service centre industries. Other applications for our innovative, high-performance steel solutions include ceiling grids, grain systems, HVAC equipment, machinery, metal buildings, and water heaters.

Our modernised, fully integrated operations and our corporate headquarters are located in Dearborn, Michigan. In addition to this, a new, state-of-the-art electric arc furnace operation in Columbus, Mississippi serves the growing demand for steel in the southeastern United States. Severstal North America also operates several joint ventures manufacturing value-added coated products and coke.

By investing heavily in technology at all our facilities - more than US$3 billion over the last few years - we are reinventing the future of steel in North America, accelerating innovation, increasing operational excellence and enhancing our quality and service capabilities.

Along with exceptional product quality, we are committed to the protection of both human health and the environment. Our facilities have earned us TS 16949, OHSAS 18001 and ISO 14001 certifications, which are the international standards for quality, health and safety and environmental management systems respectively.

Revenue in 2013 (US$ million)

EBITDA in 2013 (US$ million)

CEO statement

Our strategic goal remains the same: we aim to be a leader in value creation. In the current volatile and challenging market environment, this means the ability to generate solid positive free cash flow throughout the market cycle.

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Chairman statement

Since listing we have been committed to the highest standards of corporate Governance and aim for full compliance with the UK Corporate Governance Code.

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Performance review 2012

Severstal achieved a solid set of results in 2012, despite worsening economic conditions, maintaining the Group’s EBITDA margin at 15.0%, reflecting the resilience of the business.

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Performance review 2012 - Severstal International

Severstal is now strongly positioned in one of the world’s largest and most dynamic markets. We have invested heavily in our US operations since 2004 and now this modernisation is complete, we are making good progress towards our production targets.

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