Metalloinvest

Metalloinvest
TypeJoint stock
IndustryMining, metallurgy, steel
Founded1999
HeadquartersMoscow, Russia
Key peopleOleg Krestinin (CEO)
Nazim Efendiev (chairman of the board of directors)
ProductsIron ore
Steel
Steel products
Revenue$4.26 billion (2016; 2017; 2023; 2024)
$1.14 billion (2016; 2023; 2024)
$1.15 billion (2016; 2023; 2024)
Total assets$6.2 billion (2016; 2023; 2024)
Total equity$975 million (2016; 2023; 2024)
OwnerUSM Holdings (100%)
Number of employees
60,000 (2014)
Websitewww.metalloinvest.com

Metalloinvest Management Company LLC (Russian: 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.

Mikhailovsky GOK, one of the largest iron ore mining and processing facilities in Russia.

Mining

Metalloinvest previously held a minority stake in Norilsk Nickel, which it divested in 2017.

Metallurgy

Other divisions

Ownership

Metalloinvest is part of the USM Steel & Mining division of USM Holdings. Historical corporate structure (held through Cyprus entities) included:

Leadership

On 27 April 2020, long-time CEO Andrey Varichev died from complications related to bilateral pneumonia.

Nazim Efendiev was 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.

See also

References

  1. ↑ ""Металлоинвест" сменил гендиректора". RBC (in Russian). 4 December 2023.
  2. ↑ ""Металлоинвест" сменил гендиректора". RBC (in Russian). 4 December 2023.
  3. 1 2 3 4 5 http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf. {{cite web}}: Missing or empty |title= (help)
  4. ↑ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  5. 1 2 3 4 5 "Консолидированная финансовая отчётность за 2024 год" (PDF). Metalloinvest. 24 April 2025.
  6. 1 2 "Shares". Archived from the original on 4 March 2016. Retrieved 28 February 2016.
  7. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 11 March 2016. Retrieved 28 February 2016.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ↑ "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News. 20 August 2021.
  9. ↑ "АО "ХК "Металлоинвест"". Rusprofile (in Russian). Retrieved 27 October 2023.
  10. ↑ "Taxpayers funded loans for foreign metals firm amid UK steel crisis". The Guardian. 11 September 2016.
  11. ↑ "Russian businessman Usmanov rejects opposition activist Navalny's bribe charges". TASS. 16 May 2017.
  12. ↑ "Metalloinvest to sell Norilsk Nickel stake". Reuters. 20 July 2017.
  13. ↑ "Металлоинвест продаст Уральскую сталь Загорскому трубному заводу" (in Russian). Interfax. 3 February 2022.
  14. ↑ "Металлоинвест приобрел дом торжеств «Сафиса»" (in Russian). Interfax. 25 January 2022.
  15. ↑ "Умер глава холдинга «Металлоинвест» Андрей Варичев". RBC (in Russian). 27 April 2020. Retrieved 1 June 2024.
  16. ↑ "«Металлоинвест» сменил гендиректора". RBC (in Russian). 4 December 2023. Retrieved 1 June 2024.