Ural Steel

Illustration: oren.ru

Performance indicators

2024: 5.5% revenue cut to ₽152,97 billion

In April 2025, Ural Steel JSC, one of the largest producers of cast iron and steel in Russia, published financial results under RAS for 2024, according to which the company's revenue decreased by 5.5% and amounted to ₽152,97 billion. The company's net profit decreased by 84.9% and amounted to ₽3,8 billion against ₽25,22 billion in 2023.

The company's gross profit also showed a significant decrease - by 37.4% to ₽34,28 billion, compared with ₽54,75 billion in 2023. The adjustment of indicators as of December 31, 2023 in the accounts for 2024 showed net assets of the company in the amount of ₽42,49 billion.

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Фото: Freepik

The average number of employees at the enterprise in 2024 amounted to 9,231 people, which is slightly higher than in 2023, when the enterprise employed 9,089 people. The company has a system of social support for employees and pensioners. The total amount of payments to employees at retirement and lifetime periodic payments to non-working pensioners in 2024 amounted to ₽265,423 million, which is 33% more than in 2023, when ₽199,433 million were paid.

Ural Steel JSC continues to invest in environmental measures. In 2024, current environmental expenditures amounted to ₽893,224 million, which is 59.6% more than in 2023, when ₽559,743 million were allocated for these purposes. In addition, the company took into account fixed assets related to environmental activities and carried out expenses for the reconstruction of fixed assets to improve production technology in the amount of ₽476,789 million, which is 49.8% more than in 2023.

Special attention was paid to measures to protect atmospheric air from pollution and prevent climate change. ₽467,8 million were allocated for these purposes in 2024, which is 50.3% more than in 2023 (₽311,164 million). At the same time, the amount of costs for unfinished capital investments related to environmental activities amounted to ₽186,231 million, which is 55.2% less than in 2023 (₽415,811 million).^[1]

History

2022: Zagorsky Pipe Plant bought the Ural Steel Metallurgical Plant for $500 million

On February 3, 2022, Metalloinvest announced the sale of its Ural Steel metallurgical plant in the Orenburg Region to the Zagorsky Pipe Plant (ZTZ) for $500 million. It is planned to close the deal by the end of February 2022.

According to the general director of ZTZ Denis Safin, the acquisition of Ural Steel will allow the company to form a vertically integrated holding and significantly expand its capabilities to supply iron and steel products to the Russian and foreign markets.

Zagorsky Pipe Plant bought the Ural Steel Metallurgical Plant for $500 million

We will significantly expand our capabilities and go beyond the production of traditional pipe products for us. ZTZ plans to continue to develop the plant and increase the efficiency of its production, "Safin added.

According to the general director of Metalloinvest Nazim Efendiev, whose words are quoted in the press release, Metalloinvest fully focuses on the development of assets in Central Russia in order to strengthen its leadership in green metallurgy: the production of direct reduction iron and products based on it. "

As a result of the sale, Metalloinvest's production processes will completely exclude the production and use of coking coal, agglomerate and cast iron, which will reduce direct greenhouse gas emissions by 48%, according to a press release.

Metalloinvest recalled that Ural Steel has been a member of the company since 2006. The total investment of Metalloinvest in the development of the enterprise amounted to about $1.2 billion. A lot of work has been done to build and modernize production facilities and minimize the environmental impact of production. The abandonment of outdated open-hearth technology and the modernization of equipment made it possible to reduce emissions by more than a third compared to 2006, Metalloinvest said^[2]

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