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Metalloinvest
Russian mining and metallurgical company
Russian mining and metallurgical company
| Field | Value |
|---|---|
| name | Metalloinvest |
| logo | File:Metalloinvest_Logo.png |
| type | Joint stock |
| foundation | 1999 |
| location | Moscow, Russia |
| industry | Mining, metallurgy, steel |
| key_people | Oleg Krestinin (CEO) |
| Nazim Efendiev (chairman of the board of directors) | |
| products | Iron ore |
| Steel | |
| Steel products | |
| revenue | |
| revenue_year | |
| operating_income | |
| income_year | |
| net_income | |
| net_income_year | |
| assets | |
| assets_year | |
| equity | |
| equity_year | |
| num_employees | 60,000 (2014) |
| owner | USM Holdings (100%) |
| homepage | metalloinvest.com |
Nazim Efendiev (chairman of the board of directors) Steel Steel products
Metalloinvest Management Company LLC (Металлоинвест) is a Russian mining and metallurgical company specializing in iron ore extraction and steel production. Founded in 1999, the company includes a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Electrometallurgical Plant and Ural Steel, the latter sold in 2022).
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the principal beneficiary of USM Holdings, with additional stakes historically attributed to companies linked to Andrei Skoch and Farhad Moshiri.
In 2021, Bloomberg reported that Metalloinvest was evaluating a potential initial public offering; however, as of 2025 the company remains privately held.
In 2022, Metalloinvest reported revenue of 121 billion rubles.
Operations, related companies, and subsidiaries
Mining
- Lebedinsky GOK, Gubkin, Belgorod Oblast. One of Russia's largest iron ore producers.
- Mikhailovsky GOK, Zheleznogorsk, Kursk Oblast.
Metalloinvest previously held a minority stake in Norilsk Nickel, which it divested in 2017.
Metallurgy
- Oskol Electrometallurgical Plant (OEMK), Stary Oskol, Belgorod Oblast.
- Ural Steel, Novotroitsk, Orenburg Oblast – sold to the Zagorsky Pipe Plant in February 2022.
Other divisions
- Metalloinvesttrans, responsible for transportation and logistics, including rail operations.
- ORMETO–YUMZ, mechanical engineering, Orsk.
- Safisa, an events venue acquired in 2022.
Ownership
Metalloinvest is part of the USM Steel & Mining division of USM Holdings. Historical corporate structure (held through Cyprus entities) included:
- USM Steel & Mining Group Limited – 35%
- Metalloinvest Limited – 24%
- Seropaem Holdings Limited – 21%
- USM Investments Limited – 20%
Leadership
On 27 April 2020, long-time CEO Andrey Varichev died from complications related to bilateral pneumonia.
Nazim Efendiev served as CEO from 2020 to December 2023. In December 2023, Efendiev became Chairman of the Board of Directors, and Oleg Krestinin was appointed CEO.
Competition
Major domestic competitors include Evraz and Novolipetsk Steel.
References
References
- (4 December 2023). ""Металлоинвест" сменил гендиректора".
- (4 December 2023). ""Металлоинвест" сменил гендиректора".
- "Archived copy".
- "Shares".
- (20 August 2021). "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News.
- "АО "ХК "Металлоинвест"".
- (11 September 2016). "Taxpayers funded loans for foreign metals firm amid UK steel crisis". The Guardian.
- (16 May 2017). "Russian businessman Usmanov rejects opposition activist Navalny's bribe charges". TASS.
- (20 July 2017). "Metalloinvest to sell Norilsk Nickel stake". Reuters.
- (3 February 2022). "Металлоинвест продаст Уральскую сталь Загорскому трубному заводу". Interfax.
- (25 January 2022). "Металлоинвест приобрел дом торжеств «Сафиса»". Interfax.
- (27 April 2020). "Умер глава холдинга «Металлоинвест» Андрей Варичев".
- (4 December 2023). "«Металлоинвест» сменил гендиректора".
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