Public Joint Stock Company Severstal is a Russian-based, vertically integrated steel and mining company that produces a broad range of steel products for construction, infrastructure, automotive, energy and machinery sectors. Its core operations encompass the extraction and processing of iron ore and coking coal, as well as the manufacturing of flat-rolled, long, pipe and railway steel products. Through its fully integrated production chain, Severstal aims to ensure cost efficiency, supply security and product quality from raw-material sourcing to finished steel delivery.
In addition to its primary steel-making facilities in Cherepovets, Russia, Severstal operates mining enterprises in the Kursk Magnetic Anomaly and non‐ferrous metal assets in the Far East. The company maintains an international presence with sales and distribution networks across Europe, the Middle East and North America. Severstal North America, a subsidiary headquartered in Pittsburgh, Pennsylvania, serves major industrial markets in the United States and Canada, supplying steel plate, pipe, and tubular solutions.
Founded in 1955 as the Cherepovets Steel Mill, the company underwent privatization in the early 1990s and transformed into a publicly traded joint stock company by 2007. Over decades of expansion and modernization, Severstal has invested in state-of-the-art rolling mills, steel plate lines and environmental controls to meet evolving customer requirements and regulatory standards. Its research and development centers focus on advanced high‐strength steels and digital steelmaking technologies.
Severstal is led by Chairman and majority shareholder Alexey Mordashov, supported by an executive team responsible for strategic development, operations and sustainability initiatives. The company emphasizes innovation, environmental stewardship and community engagement, pursuing initiatives to reduce carbon intensity, improve energy efficiency and support social infrastructure in its regions of operation.
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