23 September 2011

Аlexey Mordashov, CEO of OAO Severstal, Awarded by SKOLKOVO Moscow School of Management

The Skolkovo High Five Awards ceremony was held at the SKOLKOVO Moscow School of Management on the occasion of its 5th anniversary.
 A prize in nomination “5 life-changing meetings at Skolkovo” went to Аlexey Mordashov, CEO of ОАО Severstal, and graduate of the 1st class of the MBA school Artemy Subbotin.
 The two winners met at a session for students, now graduates, with the head of ОАО Severstal Аlexey Mordashov, a founding partner of the school and a member of its coordination council.
 Artemy Subbotin told of a nondestructive test unit for metal. The proposed technology makes it possible to roll hot billets direct, skipping the cooling phase, which yields considerable savings in steelmaking.
 After the project had been studied by ОАО Severstal experts, the company became interested in this proposal and allowed demonstration tests to be conducted at its enterprises under actual plant conditions.

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ОАО Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, the Ukraine, Latvia, Poland, Italy, Liberia and Brazil. Severstal’s gold business, Nordgold, was established in 2007 and comprises mines and exploration projects in Russia, Kazakhstan, Burkina Faso and Guinea. Severstal is listed on RTS and MICEX and the company’s GDRs are traded on the LSE. Severstal reported revenue of $13,573 million and EBITDA of $3,263 million in 2010. Severstal’s crude steel production in 2010 was 14.7 million tonnes.www.severstal.com