OREANDA-NEWS. Alexey Mordashov, Chief Executive Officer of OAO Severstal, one of the world's leading steel and steel-related mining companies, President of Russian Steel, a not for profit partnership, and Deputy Chairman of the World Steel Association, opened the worldsteel annual conference which this year is being held in Russia for the very first time. The main topic of this conference is "Steel as the foundation of continued sustainable development".

"Russia is the home country to 7 worldsteel corporate members which are amongst global leaders, and we're happy that this year the key industrial event is held in Moscow", said Alexey Mordashov on October 6th in his opening speech to delegates. "The major issues that are going to be discussed at this year's conference include steel's competitive advantages as a material as well as the sustainability and image of the steel industry. These are joint tasks that stand really above any possible disagreements between corporations", he commented.

Alexey Mordashov also discussed the current state of the Russian steel industry. "Despite some challenges, Russian economy has a good potential and remains very competitive. Russian steelmakers are some of the most efficient globally and enjoy robust financial results. This is a credential to high importance of steel as the material and also to significance of steel industry within the national economy", he emphasized.

On behalf of all Russian members of worldsteel and on behalf of Russian Steel, Alexey Mordashov then welcomed all delegates and guests, and wished them a productive time at the conference and an enjoyable visit to Russia.

The 48th worldsteel conference is taking place in Moscow on October 5th and 6th. The worldsteel's members and directors will convene for the annual meeting and the Board both being held on October 7th.