Information agency Credinform has prepared a review of trends in activity of the largest Russian iron and steel companies. The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2014-2017). The analysis was based on data of the Information and Analytical system Globas.
Net assets is a ratio reflecting the real value of company's property. It is calculated annually as the difference between assets on the enterprise balance and its debt obligations. The ratio is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.
№ | Name, INN,activity, region | Net assets value, bln RUB | Solvency index Globas | |||
2014 | 2015 | 2016 | 2017 | |||
1 | 2 | 3 | 4 | 5 | 6 | 7 |
1 | JSC NOVOLIPETSK STEEL INN 4823006703 Lipetsk region Manufacture of cold-rolled steel sheet products |
314.7 | ![]() |
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136 Superior |
2 | JSC MMC NORILSK NICKEL INN 8401005730 Krasnodar territory Manufacture of other non-ferrous metals |
267.0 | ![]() |
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201 Strong |
3 | JSC MAGNITOGORSK IRON & STEEL WORKS INN 7414003633 Chelyabinsk region Manufacture of iron, steel and ferroalloys |
123.8 | ![]() |
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159 Superior |
4 | JSC EVRAZ NIZHNY TAGIL METALLURGICAL PLANT INN 6623000680 Sverdlovsk region Manufacture of iron, steel and ferroalloys |
181.1 | ![]() |
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138 Superior |
5 | JSC SEVERSTAL INN 3528000597 Vologda region Manufacture of iron, steel and ferroalloys |
125.2 | ![]() |
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168 Superior |
996 | JSC UFALEYNICKEL INN 7402001769 Chelyabinsk region Manufacture of other non-ferrous metals In liquidation since 08.11.2017 |
5.4 | ![]() |
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600 Insufficient |
997 | LLC CHEBOKSARY INDUSTRIAL FOUNDRY INN 2127318422 The Republic of Chuvashia Casting of steel |
-2.8 | ![]() |
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356 Adequate |
998 | LLC UMMC-STEEL CORPORATION INN 6606021264 Sverdlovsk region Manufacture of high-quality hot-rolled products and wire rod |
-12.4 | ![]() |
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317 Adequate |
999 | JSC BOGUCHANSK ALUMINIUM SMELTER INN 2465102746 Krasnoyarsk territory Manufacture of aluminum |
-20.8 | ![]() |
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259 Strong |
1000 | JSC AMURMETAL INN 2703000858 Khabarovsk territory Manufacture of ingot steel In liquidation since 11.10.2013 |
-22.2 | ![]() |
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600 Insufficient |
— growth of indicator in comparison with prior period,
— decline of indicator in comparison with prior period.
For the last 10 years, the average values of net assets showed the decreasing tendency (Picture 1).

Despite the share of enterprises with insufficiency of property is high, it is decreasing over the past three years (Picture 2).

Sales revenue
In 2016 total revenue of 10 largest companies amounted to 52% from TOP-1000 total revenue (Picture 3). This fact testifies relatively high level of concentration of production within the industry.

Trend to decrease in revenue is observed (Picture 4).

Profit and loss
In 2016 profit of 10 largest companies amounted to 76% from TOP-1000 total profit (Picture 5).

For the last ten years, the average industry net profit values show the decreasing tendency (Picture 6).

For the three-year period, the average net profit values of TOP-1000 companies show the increasing tendency. At the same time, the average net loss also increases (Picture 7).

For the last ten years, the average values of the current liquidity ratio were within the recommended values - from 1,0 to 2,0 with a trend to decrease (Picture 8).
The current liquidity ratio (ratio of total working capital to short-term liabilities) shows the sufficiency of company’s assets to meet short-term obligations.

For the last ten years, the decreasing tendency of ROI ratio is observed (Picture 9).
The ROI ratio is calculated as a ratio of net profit to sum of stockholder equity and long-term liabilities and shows the return from equity involved in commercial activities and long-term borrowed funds.

Assets turnover ratio is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.
For the last ten years, this business activity ratio demonstrated the downward trend (Picture 10).

Production structure
The highest share in total revenue of TOP-1000 falls for companies engaged in manufacture of iron, steel and ferroalloys (Picture 11).

70% companies of TOP-1000 are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the Russian Federation (Picture 12).

Main regions of activity
Companies of TOP-1000 are unequally located across the country and registered in 74 regions of Russia. Companies largest by revenue are located in Chelyabinsk region (Picture 13).

Financial position score
An assessment of the financial position of TOP-1000 companies shows that the majority of them have average financial position (Picture 14).

Solvency index Globas
Most of TOP-1000 companies got Superior/High or Strong/Medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 15).

Conclusion
A complex assessment of activity of the largest Russian iron and steel companies, taking into account the main indexes, financial ratios and indicators, demonstrates certain favorable trends and prevalence of negative factors, such as high concentration of production, reduction of net assets, revenue, net income and financial ratios.
According to the Federal State Statistics Service (Rosstat), in 2017 - 2018 the trend to some increase in indexes of industrial production in metallurgy is observed (Picture 16). Manufacturing in 2017 decreased by 0,8% for the 1st half-year, and increased by 1% for the whole year. Manufacturing for the 7 months of 2018 decreased by 0,5% and increased by 0,4 for 2017-2018 on average.

Information agency Credinform has prepared a ranking of the largest Russian metal companies. The companies with the largest annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2014 - 2017). Then they have been ranked by return on investment ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
Return on investment ratio (%) is a ratio of net profit (loss) to total net assets. The ratio demonstrates the rate of return from each ruble raised from investment, that is the amount of monetary units needed for the company to raise one monetary unit of net profit. This ratio helps to evaluate the advisability of raising debt funds at a certain interest.
The whole set of indicators and financial ratios is to be considered in order to get a full and comprehensive insight into a company’s financial standing.
Name, INN, region, key activity |
Sales revenue, billion RUB |
Net profit (loss), billion RUB | Return on investment, % | Solvency index Globas | |||
2016 | 2017 | 2016 | 2017 | 2016 | 2017 | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
SEVERSTAL PJSC INN 3528000597 Vologda region Manufacture of crude iron, ferroalloy, steel |
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168 Superior |
Mining and Metallurgical Company NORILSK NICKEL PJSC INN 8401005730 Krasnoyarsk territory Manufacture of other non-ferrous metals |
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201 Strong |
NOVOLIPETSK STEEL PJSC INN 4823006703 Lipetsk region Manufacture of cold-rolled steel |
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136 Superior |
MAGNITOGORSK IRON & STEEL WORKS PJSC INN 7414003633 Chelyabinsk region Manufacture of crude iron, ferroalloy, steel |
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159 Superior |
EVRAZ NIZHNY TAGIL METALLURGICAL PLANT NJSC INN 6623000680 Sverdlovsk region область Manufacture of crude iron, ferroalloy, steel |
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138 Superior |
VYKSA STEEL WORKS NJSC INN 5247004695 Nizhny Novgorod region Manufacture of tubes, pipes, hollow profiles and related fittings, of steel |
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174 Superior |
RUSAL BRATSK ALUMINIUM SMELTER PJSC INN 3803100054 Irkutsk region Production of aluminium |
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213 Strong |
CHELYABINSK METALLURGICAL PLANT PJSC INN 7450001007 Chelyabinsk region Manufacture of crude iron, ferroalloy, steel |
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350 Adequate |
EVRAZ CONSOLIDATED WEST SIBERIAN METALLURGICAL PLANT NJSC INN 4218000951 Kemerovo region Manufacture of sectional hot-rolled steel and wire rods |
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196 Superior |
Chelyabinsk Pipe Plant PJSC INN 7449006730 Chelyabinsk region Manufacture of tubes, pipes, hollow profiles and related fittings, of steel |
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214 Strong |
Total for TOP-10 companies | ![]() |
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Average value for TOP-10 companies | ![]() |
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Industry average value | ![]() |
n/a | ![]() |
n/a | ![]() |
n/a |
— growth compared to prior period,
— decline compared to prior period.
Average value of return on investment ratio of TOP-10 companies is higher than the average industry value. In 2017 only three of TOP-10 companies demonstrated growth of the ratio.

Average industry values of return on investment ratio tend to decrease slightly within the last decade (Picture 2).
