The mission of OAO MMK:

"Manufacturing and sales of high quality steel products meeting the requirements of our clients for obtaining of profit sufficient for the company’s development, achievement of the world leading level and implementation of responsible social policy.".

Compliance with the mission of MMK is possible only if the company is able to manufacture and sell the steel products in long-term prospective. That is why the main objective of MMK is to maintain long-term competitiveness in the global steel market.

The main strategic objective can be reached thanks to the following factors:

1. Achievement of the leading positions in the field of development and implementation of the new technologies;
2. Improvement of quality and introduction of new products for satisfaction of the current and future requirements and expectations of the customers;
3. Maintaining and expanding of sales and supplies markets;
4. Increase in production efficiency;
5. Reduction of harmful environmental impact;
6. Participation of all employees in the quality management process;
7. Motivation of the personnel for achievement of the corporate objectives;
8. Good social security for MMK’s employees.

MMK has developed a dedicated strategy and acts in the following directions:

• Continuous and comprehensive development of the company that provides for replacement of obsolete technologies and equipment, operation of the existing and new up-to-date hi-tech environmentally friendly facilities at their full capacity;
• More efficient production of iron, steel, rolled products and downstream products;
• Strengthening of presence in the market thanks to improvement of product quality, active marketing research and development of the marketing strategy;
• Maintaining of the wide product range (flat and long products) in long term prospective concentrating on high value added flat products;
• Creation of comprehensive guarantees for stability of MMK’s business;
• Increase in production of high quality cold rolled flat products, coated steel, downstream products;
• Introduction of power saving technologies and expansion of the company’s in-house power facilities;
• Implementation of the environmental management system in conformity with the international standard ISO 14001-96;
• Improvement of the social situation thanks to growth of salaries and efficient social programs and benefits;
• Establishment of an integrated financial and industrial structure with participation of MMK;
• Acquisition of downstream companies and suppliers of raw materials;
• Improvement of the company’s control and informational transparency for investors and shareholders.

Modernization of the production facilities is the core part of the company’s strategy. The investment program for the period up to 2013 provides for capital expenditure into modernization in amount of over USD 1 billion.