Public Joint Stock Company Severstal (OTCMKTS:SVJTY) is a vertically integrated steel and mining company headquartered in Cherepovets, Russia. Established in the early 1990s on the foundation of the Cherepovets steel works, Severstal has grown into one of Russia’s largest steel producers. The company’s shares trade on the Moscow Exchange and as American Depositary Receipts on the OTC market under the ticker SVJTY.
Severstal’s operations are organized around two core segments: steel and mining. In its steel division, the company produces a wide range of flat and long steel products, including hot-rolled and cold-rolled coils, galvanized and coated steel, reinforcing bars, rails and tubular products. These offerings cater to the construction, energy, automotive and machinery sectors, among others.
In its mining segment, Severstal develops and extracts high-grade iron ore and coking coal from operations located primarily in the Kursk Magnetic Anomaly and the Pechora region. These raw materials feed the company’s blast furnaces and electric arc furnaces, supporting a vertically integrated model that enhances cost efficiency and supply security.
Severstal serves both domestic and international markets, with sales and distribution networks spanning Europe, Asia and North America. Under the leadership of Chairman and majority shareholder Alexey Mordashov, the company has pursued modernization of its production facilities and investments in environmental management, positioning itself as a competitive supplier of steel products and raw materials on the global stage.
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