Annual Report & Accounts 2013
Severstal Annual Report 2013 Home > Performance > Severstal International > Plans for 2014
 

Plans for 2014

In 2014 and beyond we expect the North American steel market to demonstrate modest growth.

According to analyst estimates, US consumption of finished steel is expected to grow in the coming years to reach 110 million tonnes by 2018, a 10 per cent growth from the 2014 level.

US Finished Steel Consumption, mt

This year we will be focusing on improving the quality of products at Dearborn, as well as further scrap mix optimisation and copper scheduling at Columbus, continued optimisation of logistics and revisiting our sales and marketing strategy at both assets.

Since our investment programme of recent years is complete, our target CAPEX in 2014 will be low, at around US$85 million with maintenance being around US$73 million of the total CAPEX amount.

CEO statement

Our strategic goal remains the same: we aim to be a leader in value creation. In the current volatile and challenging market environment, this means the ability to generate solid positive free cash flow throughout the market cycle.

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Chairman statement

Since listing we have been committed to the highest standards of corporate Governance and aim for full compliance with the UK Corporate Governance Code.

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Performance review 2012

Severstal achieved a solid set of results in 2012, despite worsening economic conditions, maintaining the Group’s EBITDA margin at 15.0%, reflecting the resilience of the business.

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Performance review 2012 - Severstal International

Severstal is now strongly positioned in one of the world’s largest and most dynamic markets. We have invested heavily in our US operations since 2004 and now this modernisation is complete, we are making good progress towards our production targets.

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