Steel industry always plays a critical role in the infrastructure and overall economic development of a country. Hence, the steel industry is termed as the indication of economic growth of a country and Russia is considered to be one of the first four steel producing countries in the world.
The British Geological Survey generated a report in 2005 on the countries of the world developing steel and according to that, China is the top producer of steel while Japan, USA and Russia follow later. The Russian steel companies are producing steel on a large scale for years giving the measure of economic development in the country.
According to steel production, Russia is fourth in the world. Here is the list of first five steel producing countries as of 2005 compiled by International Iron and Steel Institute:
| Country | Quantity |
|---|---|
| China | 394.9 Mton |
| Japan | 112.5 Mton |
| United States | 94.9 Mton |
| Russia | 66.1 Mton |
| South Korea | 47.8 Mton |
Source: International Iron and Steel Institute’s 2006 publication
There are a number of steel companies in Russia, some of which are enlisted in the largest steel producing companies in the world. Here is a list of some major steel companies of Russia:
| Company Name | Output |
|---|---|
| Evraz Holding | 13.9 Mton |
| Severstal | 13.6 Mton |
| Magnitogorsk | 11.4 Mton |
| Novolipstek | 8.5 Mton |
One of the biggest players of Russia steel industry, Evraz Group is planning to carry out an Initial Public Offering in London Stock Exchange and is expected to float 10% stake of the company. The analysts are suggesting that the company would be worth of $6 billion enhancing the economic growth of Russia. Another steelmaker of Russia – Severstal is expected to list 10%-15% at a price that would give the company $10-$20 billion of market capitalization. Novolipstek is another player of Russian steel market and is also on the way to list its shares in the London Stock Exchange valued at around £6 billion.
