OJSC Severstal extended a contract with Hyundai-Kia for the supply of metal rolling until the end of 2012

Severstal "extended before the end of this year the agreement of the supply of the metal production of the Cherepovets Metallurgical Plant with the Hyundai-Kia company. This year, the Cherepovets plant plans to increase the supply of Hyundai-Kia autolist, which assembles cars at the Hende Motor Manufacturing Rus (about 15 thousand tons). The autolists of the plant use in the production of facial and non-fingers of the bodies of cars of different models that Hyundai-Kia produces in the Russian Federation. Severstal is a world -famous integrated steel manufacturer. The company also sells metal rolling, has a large client base for global wholesale and retail trade. Severstal collaborates with many global companies engaged in wholesale supplies of electrical, cable-wire products and metal rolling for small factories and factories that make electrical engineering, including Office lights of excellent quality . Severstal assets are located in Ukraine, Russia, Kazakhstan, France, Italy and the USA, as well as in African countries. Its shares are traded on the Russian United Exchange, the London Stock Exchange. The volume of production last year amounted to about 15.3 million tons of steel. The active package of shares is held by the head of Severstal A.Mordashov. Employees, as well as institutional investors of the company are holders of other shares. Northstalus net profit on financial reporting standards for 2011. Amounted to about 2 billion dollars.