Severstal
MiningRussia1001-5000 Employees
Severstal is a Russian company described as a global leader in efficiency, with a high EBITDA margin in the steel industry and positive free cash flow throughout the cycle, and a track record of achieving targets. It is based in Russia and employs between 1,001 and 5,000 people. The company has updated its strategy to be a leader of the steel industry of the future and the first choice for customers, employees and partners, with strategic priorities including superior client experience, cost leadership, and embracing new opportunities, underpinned by its corporate culture. It has set a target to increase EBITDA by 10-15% annually over the next five years, excluding pricing and macro factors. The company pursues asset and product development, including investments in an iron ore pellet production complex and the development of the POWERS range of wear-resistant steels for the machine-building industry.
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