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REPORT 2014

Excell

REPORT 2014

Index

ACERINOX in figures .................................................... 4

Consolidated Annual Accounts .................................. 63

Letter from the Chairman ............................................. 6

6.- Acerinox Group Individual Companies ............... 142

Letter from the Chief Executive Officer ..................... 10

1.- The Acerinox Group worldwide ............................ 18

1.- Acerinox and its Producing Companies ........... 18

- Acerinox .......................................................... 18

- Acerinox Europe .............................................. 18

- North American Stainless ................................ 19

- Columbus Stainless......................................... 19

- Bahru Stainless ............................................... 20

- Roldan and Inoxfil............................................ 21

2.- Distribution Companies ................................... 22

2.- Governing Bodies and Human Capital.................. 24

1.- Board of Directors and its

Executive Committees ................................... 24

2.- Shareholders’ Meeting .................................... 26

3.- Steering Committee ........................................ 27

4.- Senior Management of the Group

Companies ..................................................... 28

5.- Staff-related information ................................. 30

6.- Annual Corporate Governance Report.

Risk management............................................ 30

3.- The Global Strategy ............................................... 32

1.- Acerinox, S.A. ............................................... 142

2.- Acerinox Europa, S.A.U. ................................ 143

3.- Nas

............................................................. 144

4.- Columbus ...................................................... 145

5.- Bahru Stainless...