President, Chairman of the Management Board
"NLMK pursues global industry leadership in efficiency and shareholders’ value creation. We have a clear strategy and will continue to deliver on our commitments made in early 2014, when the new phase of our strategy was announced. In 2014, we have already achieved tangible results, including delivery of 40% of total net gains target set out in Strategy 2017".
Chairman of the Board
"The global economy is entering a new phase of uncertainty. Developed economies are still experiencing unstable growth, while developing economies are slowing down. The global steel market is quickly approaching the moment of truth, when the strategies of many production companies will be thoroughly challenged. The model that we have implemented at NLMK combines the production of steel and key raw materials in low-cost regions with the manufacture of high value added products close to the end consumer. This type of model gives steel manufacturers the strategic flexibility to achieve success under conditions of slow growth and tight competition…"