In February, 2014 NLMK announced new phase of development. “Strategy 2017” is focused on unlockingsignificant internal potential of the Group’s businesses by boosting operational and process efficiencyacross the entire production chain, enhancing vertical integration into key raw materials, increasing sales ofhigh-value added (HVA) products, and pursuing environmental, safety and human capital developmentprogrammes.Strategy 2017 is centered on gaining leadership in operational efficiency, developing a world-class resourcebase, and achieving leading positions in strategic markets. Special emphasis is placed on industrial safety,sustainability and human capital development.Based on the results of 2014, ‘Strategy 2017’ envisions overall development capex of $1 billion which willenable the company to generate net gains of $1 billion per year.
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