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Mission, Vision, Values - Severstal

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<strong>Mission</strong>, <strong>Vision</strong>, <strong>Values</strong><br />

Our mission is to be the leader in value creation.<br />

Leadership in value creation has a wide meaning for us – both tangible<br />

and intangible.<br />

• First of all, it means that we must create the company’s value<br />

at a faster rate than our competitors. We will achieve this at every<br />

stage of our company’s vertically integrated operations, starting<br />

from mining of raw materials right through to the manufacturing<br />

of high value-added products.<br />

• Leadership in value creation – is manufacturing of our products, which<br />

are highly sought and used by people around the world<br />

for a wide range of projects in construction, energy, transportation,<br />

machinery and consumer goods areas.<br />

• Leadership in value creation – is what each one of us does every<br />

hour of every day. By undertaking additional efforts and walking<br />

an extra mile we can achieve more to exceed the expectations<br />

of our clients.<br />

• Leadership in value creation – is using our knowledge, experience<br />

and expertise for the development and sustainable growth<br />

of the company. We consider the interests of all stakeholders, including<br />

shareholders, clients, employees, business partners<br />

and the communities where we operate.<br />

Our vision<br />

<strong>Severstal</strong> is an international vertically integrated steel and mining company.<br />

We aspire to become the leader in value creation using the following<br />

key elements:<br />

• People<br />

• Excellence<br />

• Unity<br />

Excellence<br />

We achieve excellence with the help of the <strong>Severstal</strong> business system.<br />

To achieve competitive advantage we use a combination of factors, which<br />

can be presented in two main directions:


Customer satisfaction:<br />

• High quality products<br />

• High quality services<br />

• Positive experience of cooperation<br />

Business processes improvement:<br />

People<br />

• Market foresight<br />

• Sustainable business models<br />

• Project management<br />

• Mergers & Acquisitions<br />

• Operating systems improvement<br />

• Technology development<br />

Our driving force and primary success factor are our professional and dedicated<br />

people, united by a strong corporate culture and shared key company values:<br />

• Customer care. Our company exists due to our customers.<br />

We respect and appreciate both our external and internal clients.<br />

We study their needs carefully in order to react efficiently when called<br />

upon and we develop for them and with them. We achieve<br />

this by building new operations, launching new products, improving<br />

our technology and service and making our business processes<br />

more efficient.<br />

• Efficiency and Agility. “Doing the right thing in the right way”<br />

is a key principle that informs our work. We therefore are constantly<br />

looking at ways to improve the seven factors of our <strong>Severstal</strong> business<br />

system. We aspire to achieve the best results by driving timely<br />

innovations and leveraging our resources in the best way through<br />

rigorous implementation.<br />

• Respect to employees. We aspire to become the employer of choice<br />

by providing good working conditions, making fair appraisals<br />

of employee performance and providing the potential for selfrealization,<br />

career development and initiative inside the company.<br />

• Teamwork. Through unity, we can achieve more together. Our actions<br />

are based on trust, responsibility and decisions which we reach<br />

and realize together by using the potential and professionalism<br />

of all members of our team. Our shared company vision and goals<br />

will lead to lasting success.<br />

• Safety. Nothing can justify a violation of industrial safety rules<br />

and or behavior that neglects our peoples’ health and life. We create<br />

and maintain safe working conditions in order to safeguard our team’s<br />

health and well being. We aspire to prevent environmental pollution,<br />

to promote the efficient use and conservation of energy and natural<br />

resources.


Unity<br />

Unity is our fundamental principle and a necessary condition to achieve<br />

leadership in value creation. Our unity is based on shared goals, values<br />

and business standards. Only together we can achieve more.<br />

Our Goal<br />

Our goal is to learn from our past experiences, to regain profitability<br />

and to continue to develop and grow by taking advantage of the opportunities<br />

presented by current economic conditions in order to be one of the world’s<br />

leading steel and mining companies.<br />

URL: http://www.severstal.com/eng/about/company_profile/mission/<br />

index.phtml<br />

Date 03.08.2010

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