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Meet EVRAZ
EVRAZ in figures
Strategic report
Corporate governance
Financial statements
ADDITIONAL INFORMATION
ANNUAL REPORT & ACCOUNTS 2021
M
R
Model line
Mt
Railway products
a reduction in the metallic component of
Rolling mill
reinforced concrete, thereby significantly
Model line is as a value stream within
Million tonnes.
Include rails, rail fasteners, wheels, tyres
lowering construction costs.
A machine which converts semi-finished
a single facility or operation, provides
and other goods for the railway sector.
steel into finished steel products by passing
a focused and controlled playground
them through sets of rotating cylinders
for implementing lean. Serve as internal
which form the steel into finished products.
benchmark for the Company. The
Mtpa
Rolled steel products
measurement of performance enables the
Rebar
Company to monitor lean implementation.
Million tonnes per annum.
Products finished in a rolling mill; these
Reinforcing bar, a commodity grade steel
include bars, rods, plate, beams etc.
used to strengthen concrete in highway
and building construction. Rebar A500SP
O
is a type of reinforcing bar that allows for
S
Open pit mine
OCTG pipe
A mine working or excavation open to the
Oilfield Casing and Tubing Goods or Oil
surface where material is not replaced into
Country Tubular Goods - pipes used in the
the mined out areas.
oil industry.
SG&A
Semi-finished products
Slag
Selling, General and Administrative
The initial product forms in the steel
Slag is a by product generated when
Expenses.
making process including slabs, blooms,
nonferrous substances in iron ore,
P
billets and pipe blanks that are further
limestone and coke are separated from the
processed into more finished products such
hot metal in metallurgical production. Slag
as beams, bars, sheets, tubing etc.
is used in cement and fertiliser production
Saleable products
as wellas for base course material in road
construction.
Pellet
Pipe blank
Pulverised coal injection (PCI)
Products produced by EVRAZ mines or
steel mills which are suitable for sale to
Sinter
An enriched form of iron ore shaped into
A flat sheet of metal, a semi-finished
A cost-reducing technique in iron-making,
third parties.
small balls or pellets. Pellets are used as raw
product, sold to pipemakers to manufacture
where cheaper coal is prepared to replace
An iron rich clinker formed by heating
Steam coal
material in the steel making process.
pipes.
normal coking coal in the blast furnace. The
iron ore fines and coke in a sinter line.
coal is pulverised into very small particles
The materials, in pellet form, combine
All other types of hard coal not classified
before injection into the furnace.
Self-coverage
efficiently in the blast furnace and allow
as coking coal. Coal of this type is also
for more consistent and controllable iron
commonly referred to as thermal coal.
Pig iron
Plate
The raw material requirement of EVRAZ
manufacture.
steelmaking facilities compared with coal
The solidified iron produced from a blast
A long thin square shaped construction
product sales or production of iron ore
furnace used for steel production. In liquid
element made from slabs.
products from own raw materials.
form, pig iron is known as hot metal.
Slab
A common type of semi-finished steel
Scrap
product which can be further rolled into
sheet and plate products.
Iron containing recyclable materials (mainly
industrial or household waste) that is
generally remelted and processed into new
steel.
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Meet EVRAZ
EVRAZ in figures
Strategic report
Corporate governance
Financial statements
ADDITIONAL INFORMATION
ANNUAL REPORT & ACCOUNTS 2021
T
LEGAL DISCLAIMER
This report contains forward-looking
of factors that could cause actual results
Other unknown or unpredictable
statements concerning the financial
and developments to differ materially
factors could also cause actual results
Tailings
Tubular products
condition, operational results,
from those expressed or implied by these
and developments to differ materially from
and businesses of EVRAZ plc. All
forward-looking statements, including
those in forward-looking statements.
Also called mine dumps, are the materials
Include large diameter line pipes, ERW
statements other than statements
a number of factors outside EVRAZ’s control.
left over after the process of separating
pipes and casings, seamless pipes and
of historical fact are, or may be deemed
Neither EVRAZ nor any of its subsidiaries
the valuable content from the uneconomic
other tubular products.
to be, forward-looking statements.
These include, inter alia, changes
or directors, officers or advisers, provides
remainder (gangue) of an ore. These
Forward-looking statements are statements
in the political, social, and regulatory
any representation, assurance, or guarantee
materials can be reprocessed using new
of future expectations that are based
framework in which EVRAZ operates;
that the occurrence of the events expressed
methods to recover additional minerals.
on management’s current plans, goals,
changes to economic and technological
or implied in any forward-looking
intentions, expectations and assumptions.
trends or conditions; the success of certain
statements in this report will actually occur.
They involve known and unknown risks
business and operating initiatives;
and uncertainties that could cause actual
the actions of regulators; legislative,
Except as required by applicable
U
results, performance, or events to differ
fiscal, and regulatory developments,
regulations or by law, neither EVRAZ
materially from those expressed or implied
including regulatory measures addressing
nor any of its subsidiaries undertakes
in these statements. Forward-looking
climate change; the behavior of other
any obligation to publicly update or revise
statements typically contain words such
market participants; competitive product
any forward-looking statement as a result
as “will”, “may”, “should”, “believe”, “intend”,
and pricing pressures; changes in consumer
of new information, future events, or
Unrealised profit (URP)
“expect”, “anticipate”, “target”, “estimate,”
habits and preferences; foreign exchange
otherwise. Each forward-looking statement
and words of similar import.
rate fluctuations and interest rate
pertains only to the date of this report,
Inter-segment unrealised profit or loss
fluctuations; changes in the level of capital
i.e. 24 February 2022. In light of these
(URP) is a change in the sales margin
By their nature, forward-looking
investment; the impact of any acquisitions,
risks, results could differ materially from
included in balances of inventories
statements involve known and unknown
disposals, or similar transactions;
those stated, implied, or inferred from
purchased from segments other than the
risks and uncertainties, as they relate
the outcome of any litigation; risk inherent
the forward-looking statements contained
reportable segment between the end and
to events and depend on circumstances
to doing business in countries subject
in this report. No materials contained in this
the beginning of the reporting period.
that will or could occur in the future. They
to international sanctions; environmental
report constitute an offer, solicitation,
are based on numerous assumptions
and physical risks; risks associated
or recommendation to purchase or
regarding EVRAZ’s present and future
with the impact of pandemics; and risks
sell securities or make investments.
business strategies and the environment
of unforeseeable events and force majeure
Readers should not place undue reliance
V
in which it will operate. There are a number
conditions.
on forward-looking statements.
Vanadium
Vanadium pentoxide
Vanadium slag
A grey metal that is normally used as an
The chemical compound with the formula
Vanadium slag produced from pig iron
alloying agent for iron and steel. It is also
V2O5: this orange solid is the most
in the converter shop and used as a raw
used to strengthen titanium based alloys.
important compound of vanadium. Upon
material by producers of ferroalloys and
heating, it reversibly loses oxygen.
vanadium products.
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303
Meet EVRAZ
EVRAZ in figures
Strategic report
Corporate governance
Financial statements
ADDITIONAL INFORMATION
CONTACT DETAILS
Registered Name and Number
Secretary
Registrars
EVRAZ plc (Company No. 07784342)
Prism Cosec
For information about proxy voting,
dividends and to report changes in
personal details, shareholders should
contact the Company’s registrar
Registered Office
Investor Relations
2 Portman street, London, W1H 6DU,
Tel. (London): +44 (207) 290 10 95
England, UK.
Computershare Investor
Tel. (Moscow): +7 (495) 232 1370
Services PLC
E-mail: ir@evraz.com
The Pavilions
Directors
Bridgwater Road
Alexander Abramov
Auditors
Bristol BS13 8AE
Alexander Frolov
Ernst & Young LLP
United Kingdom
Aleksey Ivanov
Tel.: +44 (0) 870 873 5848
Eugene Shvidler
Solicitors
Fax: +44 (0) 870 703 6101
Eugene Tenenbaum
Linklaters LLP
E-mail: webqueries@computershare.co.uk
Sir Michael Peat
Maria Gordon
Karl Gruber
Deborah Gudgeon
Alexander Izosimov
Stephen Odell
James Rutherford
Sandra Stash
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