Severstal spent Greenfield Day

The largest vertically integrated steel and mining company OJSC Severstal presented to analysts at international investment companies plans for the development of new raw materials resource projects in Russia and around the world.

"Greenfield Day" was held on November 23, 2012. This event was a logical continuation of the “Investor Day” Severstal, who held in September, which told about the implementation of the development strategy focused in the production of steel and raw materials for it.

The purpose of the Greenfield Day was to explain in detail the market how the company plans to develop its assets for the production of iron ore and coals coal, and what strategic options sees taking into account the preservation of conservative financial policy, both in the long run and in the current conditions of economic decline.

Thomas Verasto, Deputy General Director of Severstal for Strategy and Corporate Development, said:

“At the“ Greenfield Day ”we spoke in detail about that part of our strategy that concerns mining. It was important for us to convey several important theses to the market experts. A vertically integrated business model is still recognized by us the most effective in terms of the long-term prospects for the development of the company, despite the short-term downturn of raw materials. And, finally, our approach to investing and developing these projects remains flexible and, depending on market conditions, may include different options, including attracting partners to their implementation. ”