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 partnersIn 2020 Severstal joined the global environmental agenda and made sustainable development an independent strategic priority.
Continuous progress, efficiency and collaboration are hard-wired in our DNA. We are moving forward to create the steel industry of the future. We believe that this goal can only be achieved by working together.
10.7 million tonnes
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)
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.
Consideration of socio-economic and environmental factors, improving environmental performance, attention to safety and corporate governance concerns ensures the long-term success of Severstal.