Metalloinvest Management Company LLC is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively. In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence. In 2022, the company's revenue amounted to 121 billion rubles.

Related companies and subsidiaries

Investments Mining Metallurgy Mechanical engineering Distribution and other HoReCa

Owners

On April 27, 2020 Andrey Varichev, CEO of the company, died of bilateral pneumonia. In 2020-2023 the post of CEO of the company was held by Nazim Efendiyev, previously the first deputy of Varichev. In December 2023 Efendiev moved to the position of Chairman of the Board of Directors of Metalloinvest, and Deputy Oleg Krestinin was appointed in his place.

Competition

Domestic competitors include Evraz Group and Novolipetsk Steel.