Steel industry oligarchs - Russia & Ukraine.
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Iron and Steel Industry Oligarchs

Metals and mining industry billionaires


First name Surname Company Principal steel industry / related assets
Alexander Abramov EvrazHolding NTMK, Zapsib, NKMK, Palini e Bertoli, Vitkovice Steel, Oregon Steel, Claymont Steel, Dneprovsk I&S, Ipsco Canada. Also ownership stakes in Evrazruda, Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mines, in Yuzhny GOK iron ore and in Dniprkoks; Raspadskaya, Yuzhkuzbassugol and Mezhdurechenskaya coal and in Highveld Steel & Vanadium in South Africa
Rinat Akhmetov System Capital Management / Metinvest Azovstal, Yenakiyevski I&S, Khartsyzk T&P, Zaporizhkoks, Donetskkoks, Italy's Ferriera Valsider; Severny GOK and CGOK ore mines. SCM also acquired the Smart Group (see below) end-2007
Leonard Blavatnik Access Industries Bogatyr coal mine
Gennady Bogolubov Privat Group Ownership of various global manganese mining assets via Palmary Enterprises; see also under Igor Kolomoisky
Volodymyr Boyko Ilyich Iron & Steel Works (Mariupol) No other steel or related businesses identified
Oleg Deripaska Rusal Planned purchase of stake in Norilsk Nickel, Q1 2008
Konstantin Grigorishin Metallurgia Group Metallurgia formerly owned the Zaporizhya Ferroalloy Plant and Dneprospetsstal, both of which now belong to the Privat Group
Vitaliy Hayduk Industrial Union Donbass See under Serhiy Taruta
Boris Ivanishvili Metalloinvest Sold Mikhailovsky ore mine to Alisher Usmanov in 2005
Vasyl Khmelnytskiy Zaporizhstal No other steel or related businesses identified
Igor Kolomoisky Privat Group Dnipropetrovsk Metallurgy Kombinat (Petrovka), Dniprospetsstal, Zaporizhia Ferrous Alloy Plant, Yuzhny GOK
Vladimir Lisin Novolipetsk Steel DanSteel, VIZ-Stal, Stoilensky GOK iron ore mine, Altai Koks
Iskander Makhmudov UGMK Serov Iron & Steel Works; major stake in Kuzbassrazrezugol coal mine; Bogoslovsk Iron Ore Mine; JSC Metmash bearings / wheel plant; historic involvement with Trans-World Group (once the largest metal trader in Russia)
Alexei Mordashov Severstal [Cherepovets] Dzerzhynsky Electric Steel Works, Severgal, Izhorsk, Orlovsky Rolling Mill, Rouge Industries, Lucchini, Sparrows Point, Vorkutaugol, Vorgashorskaya Coal Mine, Kuzbassugol, Olkon Iron Ore, Karelskiy Okatysh, Vtorchermet
Vadim Novinsky Smart Group Makeyevka Steel Plant, Promet Steel [Bulgaria]; Inguletsky Mining and Concentrating Plant in Ukraine. Smart Group is now owned by SCM.
Viktor Pinchuk Interpipe Novomoskovsk pipe plant, Niko Tube, Nizhnedneprovsky Tube Rolling Plant, VtorMet Recycled Metals Plant
Vladimir Potanin Interros Ownership stake in Norilsk Nickel
Mikhail Prokhorov Onexim Group Interests in Norilsk Nickel and in Rusal. Prokhorov is also Chairman, Polyus Gold [Russia's largest gold producer]
Dmitriy Pumpyanskiy TMK Tagmet, Seversky, Sinarsky, Volzhsky pipe plants
Viktor Rashnikov Magnitogorsk Iron & Steel New Steel International [US]; cold rolling joint venture with Atakas in Turkey; stake in Fortescue Metals Group; Kazankovskaya coal mine; Bakal ore mines (51%); Belon coal mine (50%)
Anatoly Sedykh United Metallurgical Company Vyksa Steel Works, Chusovoy, Almetyevsk Steel Works, Trubodetal, Shchelkovo Metallurgical Works, Troitckaya coal mine, Gubakha Coke Works, Belgorodskaya Iron Ore Mining Company
Eduard Shyfrin Midland Group Zaporizhstal; Sholokhovskoe coal dressing plant; also an equity stake (through sale of Red October) in RusSpetStal
Andrei Skotch Metalloinvest 30% ownership stake with Usmanov (50%) and Anisimov (20%)
Serhiy Taruta Industrial Union Donbass Alchevsk, Kramatorsk, Dneprovsky I&S Works, Dneprovsky Tube Works, Krasnolimanska Coal, Dunaferr, DAM, Huta Stali Czestochowa
Alisher Usmanov Metalloinvest / Gazmetal Oskol, Urals Steel (formerly Nosta); Ribnita Steel Works in Moldova; Lebedinsk & Mikhailovsky ore mines, UralMetCom, Hamriyah Steel [UAE]
Vadim Varshavsky Mirinvest Russky Ugol (Russian Coal), Estar Holding, Istil (acquired Jan 2008), proposed stake in UK's Alphasteel mid 2008
Sergey Veremeenko Estar Holding Zlatoust Metallurgical Works, Novosibirsk Metallurgical Works (Kuzmin), Gurievsky Metallurgical Plant, Rostovsky Electric Metallurgical Plant, Nytva Metallurgical Plant, Volgograd Small Diameter Pipe Works, Engels Pipe Factory
Vladimir Yorikh Mechel Former large shareholder of Mechel [together with Igor Zyuzin]
Kostyantin Zhevago Poltava GOK iron ore mine Ferrexpo
Boris Zubitski KOKS Group Industrial Metallurgical Holding, Tulachermet, Uchastok Koksovy coal mine, Berezovskaya coal enrichment plant, Kruglogorsky GOK iron ore mine
Yukhym Zvyahilskyy Zasyadko coal mine No other steel or related businesses identified
Igor Zyuzin Mechel Beloretsky Steel, Vyartsilya Steel, nickel producer Yuzhuralnikel, Bratskiy Ferroalloy Works, Izhstal; Southern Kuzbass and Razrez Tomusinsky / Olzherassky / Krasnogorsky Coal; Yakutugol and Elgaugol coal mines

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The list above covers current ownership positions in the international steel sector in H1 2008. The industry coverage includes iron and steelmaking and upstream iron ore, as well as the production of related metals. Please let us know of any significant errors and / or omissions. Thank you.