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Izhora Pipe Mill
 

Mission & Values

Our mission is to be the leader in value creation.

Leadership in value creation has a wide meaning for us – both tangible and intangible.

  • First of all, it means that we must create the company’s value at a faster rate than our competitors. We will achieve this at every stage of our company’s vertically integrated operations, starting from mining of raw materials right through to the manufacturing of high value-added products.
  • Leadership in value creation – is manufacturing of our products, which are highly sought and used by people around the world for a wide range of projects in construction, energy, transportation, machinery and consumer goods areas.
  • Leadership in value creation – is what each one of us does every hour of every day. By undertaking additional efforts and walking an extra mile we can achieve more to exceed the expectations of our clients.
  • Leadership in value creation – is using our knowledge, experience and expertise for the development and sustainable growth of the company. We consider the interests of all stakeholders, including shareholders, clients, employees, business partners and the communities where we operate.

Our vision

Severstal is an international vertically integrated steel and mining company. We aspire to become the leader in value creation using the following key elements:

  • People
  • Excellence
  • Unity

Excellence

We achieve excellence with the help of the Severstal business system. To achieve competitive advantage we use a combination of factors, which can be presented in two main directions:

Customer satisfaction:

  • High quality products
  • High quality services
  • Positive experience of cooperation

Business processes improvement:

  • Market foresight
  • Sustainable business models
  • Project management
  • Mergers & Acquisitions
  • Operating systems improvement
  • Technology development

People

Our driving force and primary success factor are our professional and dedicated people, united by a strong corporate culture and shared key company values:

  • Customer care.  Our company exists due to our customers. We respect and appreciate both our external and internal clients. We study their needs carefully in order to react efficiently when called upon and we develop for them and with them. We achieve this by building new operations, launching new products, improving our technology and service and making our business processes more efficient.
  • Efficiency and Agility. “Doing the right thing in the right way” is a key principle that informs our work. We therefore are constantly looking at ways to improve the seven factors of our Severstal business system. We aspire to achieve the best results by driving timely innovations and leveraging our resources in the best way through rigorous implementation.
  • Respect to employees. We aspire to become the employer of choice by providing good working conditions, making fair appraisals of employee performance and providing the potential for self-realization, career development and initiative inside the company.
  • Teamwork. Through unity, we can achieve more together. Our actions are based on trust, responsibility and decisions which we reach and realize together by using the potential and professionalism of all members of our team. Our shared company vision and goals will lead to lasting success.
  • Safety. Nothing can justify a violation of industrial safety rules and or behavior that neglects our peoples’ health and life. We create and maintain safe working conditions in order to safeguard our team’s health and well being. We aspire to prevent environmental pollution, to promote the efficient use and conservation of energy and natural resources.

Unity

Unity is our fundamental principle and a necessary condition to achieve leadership in value creation. Our unity is based on shared goals, values and business standards. Only together we can achieve more.

Our Goal

Our goal is to learn from our past experiences, to regain profitability and to continue to develop and grow by taking advantage of the opportunities presented by current economic conditions in order to be one of the world’s leading steel and mining companies.

OAO Severstal News
February 27, 2019

Sustainalytics, a leading independent global provider of ESG and corporate governance research and ratings to investors, has increased Severstal’s rating from 54 to 70 points (out of a possible 100) in 2018, placing the Company in 8th position out of 42 metallurgical companies from around the world. Sustainalytics also placed «Severstal» in the “Leader” category.

February 13, 2019

Severstal announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable.

February 08, 2019

Izhora Pipe Mill has won several tenders to supply PAO Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the North-West Region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of Siberia gas pipeline.

February 05, 2019

PAO Severstal announces its Q4 & FY2018 financial results for the period ended 31 December 2018.

February 05, 2019

Tenaris S.A. announced today that it will form a joint venture with PAO Severstal to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Tenaris will have a 49% interest in the joint venture company, with Severstal owning the remaining 51%. The commencement of the project is subject to regulatory approvals and other customary conditions.

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