Evraz Group S.A.
Metal casting products
Company Overview
EVRAZ operates as a significant industrial group, driven by market conditions and fundamental business principles. The company's strategic priorities are centered on leveraging competitive advantages to generate, sustain, and capture long-term value for its stakeholders, including shareholders, suppliers, contractors, and government authorities. EVRAZ emphasizes a culture of continuous improvement through its EVRAZ Business System (EBS), which integrates across nearly all main operations.
Core Business Activities and Recent Developments
Historically, EVRAZ's operational model has been structured around three pillars: Steel, Coal, and Steel, North America. However, the North American steel business was sold to Atlas Holdings on July 31, 2025, indicating a strategic portfolio adjustment. The company is committed to substantial growth, evidenced by a record capital investment program of US$1.1 billion annually until 2026. EVRAZ also completed the demerger of PAO Raspadskaya, allowing each segment to pursue tailored strategic and sustainability objectives. The company maintains high standards of corporate governance, with recent appointments including Aleksey Ivanov as CEO and new independent non-executive directors.
Commitment to Sustainability and ESG
EVRAZ positions sustainable development and ESG as a core strategic pillar. The company has an approved environmental strategy until 2035 for its metallurgical and mining assets in Ural, Siberia, and the Tula region. This strategy outlines ambitious goals, including a 20% reduction in total atmospheric emissions, a 60% reduction in pollutant discharge into water bodies, and 95% recycling of general and metallurgical waste by 2035. EVRAZ actively participates in federal environmental projects like 'Clean Air' and implements measures such as modernizing steel production, introducing dust suppression units, and developing closed-loop coking gas cooling technologies. The company also focuses on biodiversity conservation through risk assessments, research, tree planting, and supporting aquatic ecosystems. Furthermore, EVRAZ conducts comprehensive greenhouse gas emission assessments (Scope 1 and 2) and prioritizes energy efficiency, reflecting its adherence to global climate change initiatives and TCFD recommendations. Waste management practices include safe operation of tailing storage facilities, a dam safety management system, and initiatives for separate waste collection and conversion of barren rock into new types of crushed stone. Water resource management involves efficient usage, wastewater treatment, and closed drainage systems.
