The updated strategy presented in 2015 is designed to strengthen the Company’s global leadership in the merchant hot briquetted iron segment, increase output of high value-added products, increase product quality and improve the efficiency of R&D and production operations.
The Company has updated its strategic priorities, long-term goals and objectives to respond to the latest trends in the global iron ore, HBI and steel products markets and utilise its competitive advantages, such as industry-leading cash costs for HBI/DRI and pellets.
Metalloinvest is focusing on further deleveraging and seeks to finance investment projects primarily from internally-generated cash flow. The Company plans to maintain its EBITDA margin above 30% by boosting operational efficiency and sales margins, and reducing costs.
Corporate social responsibility remains an important prerequisite for the Company’s sustainable growth. Strategy 2023 provides for the launch of projects designed to minimise the Company’s environmental impact in the regions where it operates, maintain safe working conditions and ensure fair salaries, sufficient recreation and healthcare opportunities for its employees, and an improved social and cultural environment for local communities.
Increase the Company’s value:
Enhance the scale and quality of business
Ensure sustainable growth and higher long-term value
Grow sales margins:
Increase share of the global market for high-quality Metallics stocks, mainly HBI/DRI
Strengthen the Company’s position in the highquality rolled steel market
Improve operational and management efficiency:
Focus on efficient development of existing iron ore deposits
Reduce cash cost of production and processing operations
Optimise existing processes and integrate new technologies
Increase investment attractiveness:
Promote a balanced approach to ensure talent development and protection of communities and the environment