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

See also our steel industry who's who pages or our equity analyst lists

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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.