To deliver additional growth, the Company has updated its already proven strategy — retaining its fundamental advantages but adding extra elements. Severstal’s new vision is to be a leader of the steel industry of the future and the first choice for its customers, employees and partners.
To achieve this, the Company is setting out new strategic priorities to distance itself further from its competitors. These are: superior client experience, cost leadership and embracing new opportunities. All three will be supported by Severstal’s advanced corporate culture.
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.)
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
In 2020 Severstal joined the global environmental agenda and made sustainable development an independent strategic priority.
10.7 million tonnes
Of steel
11 million
tonnes
Crude steel
2.3 million tonnes
Of iron ore products (sales)
10.9 million tonnes
Of steel products (sales)
7.2 million tonnes
Of iron ore (sales)
46 K
Employees
Severstal puts significant effort into creating meaningful contributions to the future of our local communities on top of the minimum benchmark of meeting regulatory requirements. Severstal develops multi-party cooperation channels to work with the federal government, local authorities and communities in our regions.
