1、IFCGroup overview01Our vision and mission012007 performance highlights02Chairmans statement04Presidents review06Strategic review08Strategy in action12Group overview14Product overview16Key markets Russia18Market review Global20Market review Domestic22Financial review28Financial review Risks anduncert
2、ainties30Operating review40Corporate social responsibility44Board of Directors46Corporate governance52I nformation for shareholders and investorsFinancial statements56Report of the I ndependent Auditors57Consolidated balance sheets58Consolidated statements of income59Consolidated statements ofcash f
3、lows61Consolidated statement ofstockholders equity andcomprehensive income62Notes to the consolidated financial statementsOur Company NLMK is one of the worlds leading producers of steel and one of Russias largest steel companies,with key production capacities locatedin Russia and the EU.I n 2007 NL
4、MK Group exported almost 69%of its products to customers from 80countries.NLMK accounts for more than 10%of the world slab market and about20%of the transformer steel market.NLMK is a vertically integrated group controlling every stage of steel production from mining to delivery of finished products
5、 to end-users.The Groups structure and efficient management system help achieve strong financial performance.NLMK is a rapidly growing business with a balanced development strategy.Apart from developing in-house production and mining assets,the strategy envisagesa stronger presence in key markets th
6、rough the acquisition of high-quality rollingassets in these markets.ANNUAL REPORT 2007STEEL FOR GROWTHNLMK ANNUAL REPORT 2007FOR GROWTHNOVOLIPETSK STEEL(NLMK)HEAD OFFICE2,pl.Metallurgov398040 Lipetsk Russia Fax+7 4742 432541MOSCOW OFFICE18,Bakhrushinaul.,bldg 1115054 MoscowRussiatel+7 495 9151575em