Alexander Abramov

Early Life and Education

Alexander Grigoryevich Abramov was born in Moscow, USSR, on February 20, 1959. He is of Jewish descent. Abramov graduated from the Moscow Institute of Physics and Technology with a degree in physics and mathematics.

Rise to Success

Abramov's career began in the space and defense program before he transitioned into metal trading. In 1992, he founded a precursor to Evraz Holding, capitalizing on the export of metals and coal from the Urals and Siberia. Abramov strategically acquired struggling steel companies after the 1998 financial crisis, including Claymont Steel and Oregon Steel in the United States. Under his leadership, Evraz grew to become one of Russia's most significant vertically integrated business groups.

Key Business Strategies

Abramov focused on building a monopoly in rail and steel construction products. He targeted factories that offered synergistic opportunities. A key strategy involved acquiring distressed assets and leveraging connections within the steel industry.

Philanthropy

In 2017, Abramov received the Decoration For Beneficence from Russian President Vladimir Putin for his philanthropic endeavors.