Strategy

Integrated steel and mining business model worldwide

Target critical mass in key regions and markets

• Focus on high-growth steel products responding to regional demand
• Technology-intensive products in selected niches and regions

Regional diversification with emphasis on structural attractiveness

• Growing long-term demand
• High consolidation and market discipline
• Availability of local raw materials

Low-cost business model to address cost inflation pressures

• Vertical integration globally
• On-going investments in operational efficiency
• Further capture of energy and labour efficiencies