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At every stage of our vertically integrated operations we aim to create value at a faster rate than our competitors, from the mining of raw materials right through to the manufacture of high value-added products.More
Our vision is for Severstal to be the leader of the steel industry of the future and the first choice for its customers, employees and partners:
2023 Objective: offering our customers unique selling propositions across our target markets.
2023 Objective: our goal is to achieve a significant cost advantage over our competitors in basic steel products. Our smart-capex programme will focus on this target, incorporating investments to increase mining volumes and pig iron and steel volumes as well as achieving further cost reduction in our steel and resources businesses.
2023 Objective: developing news business models and technical innovations to enable us to quickly enter new markets and make effective management decisions.
EBITDA growth by 10-15% annually for the next 5 years.
Severstal remains a global leader in efficiency, with the highest EBITDA margin in the steel industry globally, positive free cash flow generation throughout the cycle and a track record of achieving its targets.
To deliver additional growth, the Company has updated its already proven strategy - retaining its fundamental advantages but adding new elements.
Implementing this set of objectives will support the Company in reaching its financial target of increasing EBITDA by 10-15% annually for the next 5 years. (This excludes pricing/macro factors.)