Severstal Ranked as Third Most Competitive Steelmaker
02/07/2013 - OAO Severstal, a Russia-based steel and steel-related mining company, has been ranked as the third most competitive global steelmaker in 2012 in a report by World Steel Dynamics.
OAO Severstal, a Russia-based steel and steel-related mining company, has been ranked as the third most competitive global steelmaker in 2012 in a report by World Steel Dynamics (WSD). Severstal was ranked ahead of other major international steelmakers including JSW Steel (India, 4th position), Nippon Sumitomo (Japan, 5th position), Gerdau (Brazil, 6th position) and Nucor (USA, 7th position).
The report ranked 35 leading global steel companies according to 25 parameters, including: profitability; cost efficiency; financial stability, and; health & safety and environmental performance. Severstal received its highest ratings in the commodity policy efficiency, high-growth markets and cost efficiency categories.
Thomas Verazsto, senior vice president of OAO Severstal, commented: “The consistent implementation of our core strategy means that Severstal is well placed to perform competitively throughout the market cycle. We are delighted that this WSD report recognizes the core strengths of our business as well as the efforts of all our employees.”
POSCO, South Korea's leading steelmaker, was named the most competitive steelmaker in the world for the fourth consecutive year.
