President of NLMK
NLMK transforms ideas and resources into steel products. We source ideas from our employees, customers and business partners. We are striving to control our resources, taking a safe and responsible approach to their recycling and re-use. We produce clean and durable steel which is used in thousands of applications that improve our everyday lives.
Adopted in February 2014, NLMK Group’s Strategy 2017 was aimed at unlocking the Company’s hidden potential. It had a modular structure and included projects designed to improve the Group’s operating efficiency and business processes, as well as to increase self-sufficiency in strategic resources.
A combination of operating and investment initiatives will help us ensure sustainable development in a changing market environment.
Strategy 2017 targets:
Strategy 2017 levers:
NLMK Group announced the results of its Strategy 2017 for the period 2014-2017 in February 2018. Strategy 2017 target of $1 billion annual EBITDA gains had been achieved.
Strategy 2017 delivered structural annual EBITDA gain of $1,019 m. Management initiatives contributed around $740 m (over 70%) to the result. Full self-sufficiency in iron ore and pellets has been achieved with positive NPV of the investments.
For a detailed information about Strategy 2017 results please follow the link
NLMK is currently finalizing the development of Strategy 2022 to be presented in 2018.
Strategy 2022 aims to maintain a balance between investment in growth projects, a conservative financial policy and high returns to NLMK shareholders.