TABLE OF CONTENTS
Introduction 19
What is this report about? 19
Who is the target reader? 19
How to use this report 19
Definitions 19
Group of Eight (G8) Metals & Mining Industry Outlook 20
Metals & Mining in Canada 24
Market Overview 24
Market Data 25
Market Segmentation 27
Market outlook 29
Five forces analysis 31
Macroeconomic indicators 43
Metals & Mining in France 45
Market Overview 45
Market Data 46
Market Segmentation 48
Market outlook 50
Five forces analysis 52
Macroeconomic indicators 64
Metals & Mining in Germany 66
Market Overview 66
Market Data 67
Market Segmentation 69
Market outlook 71
Five forces analysis 73
Macroeconomic indicators 85
Metals & Mining in Italy 87
Market Overview 87
Market Data 88
Market Segmentation 90
Market outlook 92
Five forces analysis 94
Macroeconomic indicators 106
Metals & Mining in Japan 108
Market Overview 108
Market Data 109
Market Segmentation 111
Market outlook 113
Five forces analysis 115
Macroeconomic indicators 127
Metals & Mining in Russia 129
Market Overview 129
Market Data 130
Market Segmentation 132
Market outlook 134
Five forces analysis 136
Macroeconomic indicators 148
Metals & Mining in The United Kingdom 150
Market Overview 150
Market Data 151
Market Segmentation 153
Market outlook 155
Five forces analysis 157
Macroeconomic indicators 169
Metals & Mining in The United States 171
Market Overview 171
Market Data 172
Market Segmentation 174
Market outlook 176
Five forces analysis 178
Macroeconomic indicators 190
Company Profiles 192
Leading companies 192
Appendix 272
Methodology 272

LIST OF TABLES
Table 1: G8 metals & mining industry, revenue($bn), 2007-16 19
Table 2: G8 metals & mining industry, revenue by country ($bn), 2007-11 21
Table 3: G8 metals & mining industry forecast, revenue by country ($bn), 2011-16 22
Table 4: Canada metals & mining industry value: $ billion, 2007–11 24
Table 5: Canada metals & mining industry volume: million metric ton, 2007–11 25
Table 6: Canada metals & mining industry category segmentation: $ billion, 2011 26
Table 7: Canada metals & mining industry geography segmentation: $ billion, 2011 27
Table 8: Canada metals & mining industry value forecast: $ billion, 2011–16 28
Table 9: Canada metals & mining industry volume forecast: million metric ton, 2011–16 29
Table 10: Canada size of population (million), 2007–11 42
Table 11: Canada gdp (constant 2000 prices, $ billion), 2007–11 42
Table 12: Canada gdp (current prices, $ billion), 2007–11 42
Table 13: Canada inflation, 2007–11 43
Table 14: Canada consumer price index (absolute), 2007–11 43
Table 15: Canada exchange rate, 2007–11 43
Table 16: France metals & mining industry value: $ billion, 2007–11 45
Table 17: France metals & mining industry volume: million metric ton, 2007–11 46
Table 18: France metals & mining industry category segmentation: $ billion, 2011 47
Table 19: France metals & mining industry geography segmentation: $ billion, 2011 48
Table 20: France metals & mining industry value forecast: $ billion, 2011–16 49
Table 21: France metals & mining industry volume forecast: million metric ton, 2011–16 50
Table 22: France size of population (million), 2007–11 63
Table 23: France gdp (constant 2000 prices, $ billion), 2007–11 63
Table 24: France gdp (current prices, $ billion), 2007–11 63
Table 25: France inflation, 2007–11 64
Table 26: France consumer price index (absolute), 2007–11 64
Table 27: France exchange rate, 2007–11 64
Table 28: Germany metals & mining industry value: $ billion, 2007–11 66
Table 29: Germany metals & mining industry volume: million metric ton, 2007–11 67
Table 30: Germany metals & mining industry category segmentation: $ billion, 2011 68
Table 31: Germany metals & mining industry geography segmentation: $ billion, 2011 69
Table 32: Germany metals & mining industry value forecast: $ billion, 2011–16 70
Table 33: Germany metals & mining industry volume forecast: million metric ton, 2011–16 71
Table 34: Germany size of population (million), 2007–11 84
Table 35: Germany gdp (constant 2000 prices, $ billion), 2007–11 84
Table 36: Germany gdp (current prices, $ billion), 2007–11 84
Table 37: Germany inflation, 2007–11 85
Table 38: Germany consumer price index (absolute), 2007–11 85
Table 39: Germany exchange rate, 2007–11 85
Table 40: Italy metals & mining industry value: $ billion, 2007–11 87
Table 41: Italy metals & mining industry volume: million metric ton, 2007–11 88
Table 42: Italy metals & mining industry category segmentation: $ billion, 2011 89
Table 43: Italy metals & mining industry geography segmentation: $ billion, 2011 90
Table 44: Italy metals & mining industry value forecast: $ billion, 2011–16 91
Table 45: Italy metals & mining industry volume forecast: million metric ton, 2011–16 92
Table 46: Italy size of population (million), 2007–11 105
Table 47: Italy gdp (constant 2000 prices, $ billion), 2007–11 105
Table 48: Italy gdp (current prices, $ billion), 2007–11 105
Table 49: Italy inflation, 2007–11 106
Table 50: Italy consumer price index (absolute), 2007–11 106
Table 51: Italy exchange rate, 2007–11 106
Table 52: Japan metals & mining industry value: $ billion, 2007–11 108
Table 53: Japan metals & mining industry volume: million metric ton, 2007–11 109
Table 54: Japan metals & mining industry category segmentation: $ billion, 2011 110
Table 55: Japan metals & mining industry geography segmentation: $ billion, 2011 111
Table 56: Japan metals & mining industry value forecast: $ billion, 2011–16 112
Table 57: Japan metals & mining industry volume forecast: million metric ton, 2011–16 113
Table 58: Japan size of population (million), 2007–11 126
Table 59: Japan gdp (constant 2000 prices, $ billion), 2007–11 126
Table 60: Japan gdp (current prices, $ billion), 2007–11 126
Table 61: Japan inflation, 2007–11 127
Table 62: Japan consumer price index (absolute), 2007–11 127
Table 63: Japan exchange rate, 2007–11 127
Table 64: Russia metals & mining industry value: $ billion, 2007–11 129
Table 65: Russia metals & mining industry volume: million metric ton, 2007–11 130
Table 66: Russia metals & mining industry category segmentation: $ billion, 2011 131
Table 67: Russia metals & mining industry geography segmentation: $ billion, 2011 132
Table 68: Russia metals & mining industry value forecast: $ billion, 2011–16 133
Table 69: Russia metals & mining industry volume forecast: million metric ton, 2011–16 134
Table 70: Russia size of population (million), 2007–11 147
Table 71: Russia gdp (constant 2000 prices, $ billion), 2007–11 147
Table 72: Russia gdp (current prices, $ billion), 2007–11 147
Table 73: Russia inflation, 2007–11 148
Table 74: Russia consumer price index (absolute), 2007–11 148
Table 75: Russia exchange rate, 2007–11 148
Table 76: United Kingdom metals & mining industry value: $ billion, 2007–11 150
Table 77: United Kingdom metals & mining industry volume: million metric ton, 2007–11 151
Table 78: United Kingdom metals & mining industry category segmentation: $ billion, 2011 152
Table 79: United Kingdom metals & mining industry geography segmentation: $ billion, 2011 153
Table 80: United Kingdom metals & mining industry value forecast: $ billion, 2011–16 154
Table 81: United Kingdom metals & mining industry volume forecast: million metric ton, 2011–16 155
Table 82: United Kingdom size of population (million), 2007–11 168
Table 83: United Kingdom gdp (constant 2000 prices, $ billion), 2007–11 168
Table 84: United Kingdom gdp (current prices, $ billion), 2007–11 168
Table 85: United Kingdom inflation, 2007–11 169
Table 86: United Kingdom consumer price index (absolute), 2007–11 169
Table 87: United Kingdom exchange rate, 2007–11 169
Table 88: United States metals & mining industry value: $ billion, 2007–11 171
Table 89: United States metals & mining industry volume: million metric ton, 2007–11 172
Table 90: United States metals & mining industry category segmentation: $ billion, 2011 173
Table 91: United States metals & mining industry geography segmentation: $ billion, 2011 174
Table 92: United States metals & mining industry value forecast: $ billion, 2011–16 175
Table 93: United States metals & mining industry volume forecast: million metric ton, 2011–16 176
Table 94: United States size of population (million), 2007–11 189
Table 95: United States gdp (constant 2000 prices, $ billion), 2007–11 189
Table 96: United States gdp (current prices, $ billion), 2007–11 189
Table 97: United States inflation, 2007–11 190
Table 98: United States consumer price index (absolute), 2007–11 190
Table 99: United States exchange rate, 2007–11 190
Table 100: Alcoa Inc.: key facts 191
Table 101: Alcoa Inc.: key financials ($) 192
Table 102: Alcoa Inc.: key financial ratios 192
Table 103: Rio Tinto Alcan: key facts 194
Table 104: Rio Tinto Alcan: key financials ($) 194
Table 105: Rio Tinto Alcan: key financial ratios 195
Table 106: Teck Resources Limited: key facts 197
Table 107: Teck Resources Limited: key financials ($) 198
Table 108: Teck Resources Limited: key financials (C$) 198
Table 109: Teck Resources Limited: key financial ratios 198
Table 110: Vale S.A.: key facts 200
Table 111: Vale S.A.: key financials ($) 202
Table 112: Vale S.A.: key financials (BRL) 202
Table 113: Vale S.A.: key financial ratios 202
Table 114: Xstrata plc: key facts 204
Table 115: Xstrata plc: key financials ($) 205
Table 116: Xstrata plc: key financial ratios 205
Table 117: ArcelorMittal: key facts 207
Table 118: ArcelorMittal: key financials ($) 208
Table 119: ArcelorMittal: key financial ratios 209
Table 120: Umicore Group: key facts 211
Table 121: Umicore Group: key financials ($) 212
Table 122: Umicore Group: key financials (€) 212
Table 123: Umicore Group: key financial ratios 212
Table 124: Norsk Hydro: key facts 214
Table 125: Norsk Hydro: key financials ($) 215
Table 126: Norsk Hydro: key financials (NOK) 215
Table 127: Norsk Hydro: key financial ratios 216
Table 128: ThyssenKrupp AG: key facts 218
Table 129: ThyssenKrupp AG: key financials ($) 219
Table 130: ThyssenKrupp AG: key financials (€) 219
Table 131: ThyssenKrupp AG: key financial ratios 220
Table 132: Trimet Aluminium AG: key facts 222
Table 133: Trimet Aluminium AG: key financials ($) 222
Table 134: Trimet Aluminium AG: key financials (€) 223
Table 135: Trimet Aluminium AG: key financial ratios 223
Table 136: Riva Group: key facts 225
Table 137: Alcoa Inc.: key facts 226
Table 138: Alcoa Inc.: key financials ($) 227
Table 139: Alcoa Inc.: key financial ratios 227
Table 140: Glencore International plc: key facts 229
Table 141: Glencore International plc: key financials ($) 229
Table 142: Glencore International plc: key financial ratios 230
Table 143: JFE Holdings, Inc.: key facts 231
Table 144: JFE Holdings, Inc.: key financials ($) 232
Table 145: JFE Holdings, Inc.: key financials (Y) 232
Table 146: JFE Holdings, Inc.: key financial ratios 233
Table 147: Mitsubishi Materials Corporation: key facts 235
Table 148: Mitsubishi Materials Corporation: key financials ($) 236
Table 149: Mitsubishi Materials Corporation: key financials (Y) 236
Table 150: Mitsubishi Materials Corporation: key financial ratios 236
Table 151: Nippon Steel Corporation: key facts 238
Table 152: Nippon Steel Corporation: key financials ($) 239
Table 153: Nippon Steel Corporation: key financials (Y) 239
Table 154: Nippon Steel Corporation: key financial ratios 239
Table 155: Sumitomo Metal Industries, Ltd.: key facts 241
Table 156: Sumitomo Metal Industries, Ltd.: key financials ($) 242
Table 157: Sumitomo Metal Industries, Ltd.: key financials (Y) 242
Table 158: Sumitomo Metal Industries, Ltd.: key financial ratios 242
Table 159: Evraz Group S.A.: key facts 244
Table 160: Evraz Group S.A.: key financials ($) 245
Table 161: Evraz Group S.A.: key financial ratios 245
Table 162: OJSC MMC Norilsk Nickel: key facts 247
Table 163: OJSC MMC Norilsk Nickel: key financials ($) 248
Table 164: OJSC MMC Norilsk Nickel: key financial ratios 248
Table 165: United Company RUSAL Plc: key facts 250
Table 166: United Company RUSAL Plc: key financials ($) 251
Table 167: United Company RUSAL Plc: key financial ratios 251
Table 168: Severstal: key facts 253
Table 169: Severstal: key financials ($) 255
Table 170: Severstal: key financial ratios 255
Table 171: UK COAL PLC: key facts 257
Table 172: UK COAL PLC: key financials ($) 257
Table 173: UK COAL PLC: key financials (L) 258
Table 174: UK COAL PLC: key financial ratios 258
Table 175: Tata Steel Group: key facts 260
Table 176: Tata Steel Group: key financials ($) 262
Table 177: Tata Steel Group: key financials (Rs.) 262
Table 178: Tata Steel Group: key financial ratios 262
Table 179: Celsa Group: key facts 264
Table 180: AngloGold Ashanti Limited: key facts 265
Table 181: AngloGold Ashanti Limited: key financials ($) 266
Table 182: AngloGold Ashanti Limited: key financial ratios 266
Table 183: United States Steel Corporation: key facts 268
Table 184: United States Steel Corporation: key financials ($) 269
Table 185: United States Steel Corporation: key financial ratios 269

LIST OF FIGURES
Figure 1: Canada metals & mining industry value: $ billion, 2007–11 18
Figure 2: G8 Metals & Mining industry, revenue by country (%), 2011 19
Figure 3: G8 metals & mining industry, revenue by country ($bn), 2007-11 20
Figure 4: G8 metals & mining industry forecast, revenue by country ($bn), 2011-16 21
Figure 5: Canada metals & mining industry value: $ billion, 2007–11 23
Figure 6: Canada metals & mining industry volume: million metric ton, 2007–11 24
Figure 7: Canada metals & mining industry category segmentation: % share, by value, 2011 25
Figure 8: Canada metals & mining industry geography segmentation: % share, by value, 2011 26
Figure 9: Canada metals & mining industry value forecast: $ billion, 2011–16 27
Figure 10: Canada metals & mining industry volume forecast: million metric ton, 2011–16 28
Figure 11: Forces driving competition in the metals & mining industry in Canada, 2011 29
Figure 12: Drivers of buyer power in the metals & mining industry in Canada, 2011 31
Figure 13: Drivers of supplier power in the metals & mining industry in Canada, 2011 33
Figure 14: Factors influencing the likelihood of new entrants in the metals & mining industry in Canada, 2011 35
Figure 15: Factors influencing the threat of substitutes in the metals & mining industry in Canada, 2011 37
Figure 16: Drivers of degree of rivalry in the metals & mining industry in Canada, 2011 39
Figure 17: France metals & mining industry value: $ billion, 2007–11 44
Figure 18: France metals & mining industry volume: million metric ton, 2007–11 45
Figure 19: France metals & mining industry category segmentation: % share, by value, 2011 46
Figure 20: France metals & mining industry geography segmentation: % share, by value, 2011 47
Figure 21: France metals & mining industry value forecast: $ billion, 2011–16 48
Figure 22: France metals & mining industry volume forecast: million metric ton, 2011–16 49
Figure 23: Forces driving competition in the metals & mining industry in France, 2011 50
Figure 24: Drivers of buyer power in the metals & mining industry in France, 2011 52
Figure 25: Drivers of supplier power in the metals & mining industry in France, 2011 54
Figure 26: Factors influencing the likelihood of new entrants in the metals & mining industry in France, 2011 56
Figure 27: Factors influencing the threat of substitutes in the metals & mining industry in France, 2011 58
Figure 28: Drivers of degree of rivalry in the metals & mining industry in France, 2011 60
Figure 29: Germany metals & mining industry value: $ billion, 2007–11 65
Figure 30: Germany metals & mining industry volume: million metric ton, 2007–11 66
Figure 31: Germany metals & mining industry category segmentation: % share, by value, 2011 67
Figure 32: Germany metals & mining industry geography segmentation: % share, by value, 2011 68
Figure 33: Germany metals & mining industry value forecast: $ billion, 2011–16 69
Figure 34: Germany metals & mining industry volume forecast: million metric ton, 2011–16 70
Figure 35: Forces driving competition in the metals & mining industry in Germany, 2011 71
Figure 36: Drivers of buyer power in the metals & mining industry in Germany, 2011 73
Figure 37: Drivers of supplier power in the metals & mining industry in Germany, 2011 75
Figure 38: Factors influencing the likelihood of new entrants in the metals & mining industry in Germany, 2011 77
Figure 39: Factors influencing the threat of substitutes in the metals & mining industry in Germany, 2011 79
Figure 40: Drivers of degree of rivalry in the metals & mining industry in Germany, 2011 81
Figure 41: Italy metals & mining industry value: $ billion, 2007–11 86
Figure 42: Italy metals & mining industry volume: million metric ton, 2007–11 87
Figure 43: Italy metals & mining industry category segmentation: % share, by value, 2011 88
Figure 44: Italy metals & mining industry geography segmentation: % share, by value, 2011 89
Figure 45: Italy metals & mining industry value forecast: $ billion, 2011–16 90
Figure 46: Italy metals & mining industry volume forecast: million metric ton, 2011–16 91
Figure 47: Forces driving competition in the metals & mining industry in Italy, 2011 92
Figure 48: Drivers of buyer power in the metals & mining industry in Italy, 2011 94
Figure 49: Drivers of supplier power in the metals & mining industry in Italy, 2011 96
Figure 50: Factors influencing the likelihood of new entrants in the metals & mining industry in Italy, 2011 98
Figure 51: Factors influencing the threat of substitutes in the metals & mining industry in Italy, 2011 100
Figure 52: Drivers of degree of rivalry in the metals & mining industry in Italy, 2011 102
Figure 53: Japan metals & mining industry value: $ billion, 2007–11 107
Figure 54: Japan metals & mining industry volume: million metric ton, 2007–11 108
Figure 55: Japan metals & mining industry category segmentation: % share, by value, 2011 109
Figure 56: Japan metals & mining industry geography segmentation: % share, by value, 2011 110
Figure 57: Japan metals & mining industry value forecast: $ billion, 2011–16 111
Figure 58: Japan metals & mining industry volume forecast: million metric ton, 2011–16 112
Figure 59: Forces driving competition in the metals & mining industry in Japan, 2011 113
Figure 60: Drivers of buyer power in the metals & mining industry in Japan, 2011 115
Figure 61: Drivers of supplier power in the metals & mining industry in Japan, 2011 117
Figure 62: Factors influencing the likelihood of new entrants in the metals & mining industry in Japan, 2011 119
Figure 63: Factors influencing the threat of substitutes in the metals & mining industry in Japan, 2011 121
Figure 64: Drivers of degree of rivalry in the metals & mining industry in Japan, 2011 123
Figure 65: Russia metals & mining industry value: $ billion, 2007–11 128
Figure 66: Russia metals & mining industry volume: million metric ton, 2007–11 129
Figure 67: Russia metals & mining industry category segmentation: % share, by value, 2011 130
Figure 68: Russia metals & mining industry geography segmentation: % share, by value, 2011 131
Figure 69: Russia metals & mining industry value forecast: $ billion, 2011–16 132
Figure 70: Russia metals & mining industry volume forecast: million metric ton, 2011–16 133
Figure 71: Forces driving competition in the metals & mining industry in Russia, 2011 134
Figure 72: Drivers of buyer power in the metals & mining industry in Russia, 2011 136
Figure 73: Drivers of supplier power in the metals & mining industry in Russia, 2011 138
Figure 74: Factors influencing the likelihood of new entrants in the metals & mining industry in Russia, 2011 140
Figure 75: Factors influencing the threat of substitutes in the metals & mining industry in Russia, 2011 142
Figure 76: Drivers of degree of rivalry in the metals & mining industry in Russia, 2011 144
Figure 77: United Kingdom metals & mining industry value: $ billion, 2007–11 149
Figure 78: United Kingdom metals & mining industry volume: million metric ton, 2007–11 150
Figure 79: United Kingdom metals & mining industry category segmentation: % share, by value, 2011 151
Figure 80: United Kingdom metals & mining industry geography segmentation: % share, by value, 2011 152
Figure 81: United Kingdom metals & mining industry value forecast: $ billion, 2011–16 153
Figure 82: United Kingdom metals & mining industry volume forecast: million metric ton, 2011–16 154
Figure 83: Forces driving competition in the metals & mining industry in the United Kingdom, 2011 155
Figure 84: Drivers of buyer power in the metals & mining industry in the United Kingdom, 2011 157
Figure 85: Drivers of supplier power in the metals & mining industry in the United Kingdom, 2011 159
Figure 86: Factors influencing the likelihood of new entrants in the metals & mining industry in the United Kingdom, 2011 161
Figure 87: Factors influencing the threat of substitutes in the metals & mining industry in the United Kingdom, 2011 163
Figure 88: Drivers of degree of rivalry in the metals & mining industry in the United Kingdom, 2011 165
Figure 89: United States metals & mining industry value: $ billion, 2007–11 170
Figure 90: United States metals & mining industry volume: million metric ton, 2007–11 171
Figure 91: United States metals & mining industry category segmentation: % share, by value, 2011 172
Figure 92: United States metals & mining industry geography segmentation: % share, by value, 2011 173
Figure 93: United States metals & mining industry value forecast: $ billion, 2011–16 174
Figure 94: United States metals & mining industry volume forecast: million metric ton, 2011–16 175
Figure 95: Forces driving competition in the metals & mining industry in the United States, 2011 176
Figure 96: Drivers of buyer power in the metals & mining industry in the United States, 2011 178
Figure 97: Drivers of supplier power in the metals & mining industry in the United States, 2011 180
Figure 98: Factors influencing the likelihood of new entrants in the metals & mining industry in the United States, 2011 182
Figure 99: Factors influencing the threat of substitutes in the metals & mining industry in the United States, 2011 184
Figure 100: Drivers of degree of rivalry in the metals & mining industry in the United States, 2011 186
Figure 101: Alcoa Inc.: revenues & profitability 192
Figure 102: Alcoa Inc.: assets & liabilities 192
Figure 103: Rio Tinto Alcan: revenues & profitability 194
Figure 104: Rio Tinto Alcan: assets & liabilities 195
Figure 105: Teck Resources Limited: revenues & profitability 198
Figure 106: Teck Resources Limited: assets & liabilities 198
Figure 107: Vale S.A.: revenues & profitability 202
Figure 108: Vale S.A.: assets & liabilities 202
Figure 109: Xstrata plc: revenues & profitability 205
Figure 110: Xstrata plc: assets & liabilities 205
Figure 111: ArcelorMittal: revenues & profitability 208
Figure 112: ArcelorMittal: assets & liabilities 209
Figure 113: Umicore Group: revenues & profitability 212
Figure 114: Umicore Group: assets & liabilities 212
Figure 115: Norsk Hydro: revenues & profitability 215
Figure 116: Norsk Hydro: assets & liabilities 216
Figure 117: ThyssenKrupp AG: revenues & profitability 219
Figure 118: ThyssenKrupp AG: assets & liabilities 220
Figure 119: Trimet Aluminium AG: revenues & profitability 222
Figure 120: Trimet Aluminium AG: assets & liabilities 223
Figure 121: Alcoa Inc.: revenues & profitability 227
Figure 122: Alcoa Inc.: assets & liabilities 227
Figure 123: Glencore International plc: revenues & profitability 229
Figure 124: Glencore International plc: assets & liabilities 229
Figure 125: JFE Holdings, Inc.: revenues & profitability 232
Figure 126: JFE Holdings, Inc.: assets & liabilities 233
Figure 127: Mitsubishi Materials Corporation: revenues & profitability 236
Figure 128: Mitsubishi Materials Corporation: assets & liabilities 236
Figure 129: Nippon Steel Corporation: revenues & profitability 239
Figure 130: Nippon Steel Corporation: assets & liabilities 239
Figure 131: Sumitomo Metal Industries, Ltd.: revenues & profitability 242
Figure 132: Sumitomo Metal Industries, Ltd.: assets & liabilities 242
Figure 133: Evraz Group S.A.: revenues & profitability 245
Figure 134: Evraz Group S.A.: assets & liabilities 245
Figure 135: OJSC MMC Norilsk Nickel: revenues & profitability 248
Figure 136: OJSC MMC Norilsk Nickel: assets & liabilities 248
Figure 137: United Company RUSAL Plc: revenues & profitability 251
Figure 138: United Company RUSAL Plc: assets & liabilities 251
Figure 139: Severstal: revenues & profitability 254
Figure 140: Severstal: assets & liabilities 255
Figure 141: UK COAL PLC: revenues & profitability 258
Figure 142: UK COAL PLC: assets & liabilities 258
Figure 143: Tata Steel Group: revenues & profitability 262
Figure 144: Tata Steel Group: assets & liabilities 262
Figure 145: AngloGold Ashanti Limited: revenues & profitability 265
Figure 146: AngloGold Ashanti Limited: assets & liabilities 266
Figure 147: United States Steel Corporation: revenues & profitability 269
Figure 148: United States Steel Corporation: assets & liabilities 269