Alexei Mordashov Quotations

We appreciate size, but only if it is robust growth. Just to be big is not a target.

We believe that the business system only is the key to success. It's no miracle, only day-to-day work in the appropriate way.

People were expecting Rouge to go bankrupt, so there was a lot of anxiety. The corporate culture problem was even worse than in Russia. And at the same time, the work rules were more difficult.

I don't have any opinions about Russians. There are celebrity persons in each country. Different people do different things.

Building companies involves creating great wealth. If that means I am an oligarch, OK, it's fine. But if being an oligarch is about buying football clubs, it is not for me.

What you need to keep most in the U.S. is the entrepreneurial spirit.

It is a very big exaggeration to say I am a friend of Mr. Putin.

Regarding our links with the Russian government, Severstal is a private company with no government participation. We are answerable to our shareholders.

My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn't have any impact on the company.

Well... I graduated from the business school of Northumberland University in Newcastle.

When we put $4 billion into the U.S. economy, they were OK with this. When we preserved jobs in Dearborn, or preserved jobs in Columbus, or preserved jobs in Pennsylvania, everyone was happy.

The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here.

Russia is not a homogenous country; it's a very fragmented country.

The U.S. has done a great job improving productivity. We're making a lot more steel in Dearborn with fewer people. The unions have accepted much better work rules.

In a literal sense, even a private company, of course, cannot do everything that it wants without some discussion with government. As a good corporate citizen, Severstal discussed the idea of a merger with Arcelor with the Russian government.

The future is in green energy; it's in making steel for energy-efficient cars.