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Severstal at a Glance
Severstal has three divisions: Severstal Resources, Severstal Russian Steel and Severstal International.
Our product portfolio and strategy of focusing on high-value-added products
in niche markets enable us to realise greater earnings than many of our peers,
and to minimise market and product cyclical risks.
Severstal Resources
Severstal is one of Russia’s largest producers of iron ore and coking coal.
The gold business, consolidated within Severstal Resources in the Nordgold
company, is a significant player in emerging markets. Severstal Resources has
the capacity and product mix to provide almost all of the iron ore and hard
coking coal requirements of our steel operations.
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Severstal Russian Steel
Severstal Russian Steel is a leading steel producer in Russia with focus on
value-added flat steel products for the construction, automotive, machinery,
and oil and gas industries. Severstal Russian Steel’s Cherepovets Steel Mill is
one of the world’s largest stand-alone integrated steelworks by capacity
(annual production capacity is about 11.1 million tonnes).
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Severstal International
Severstal International is a solid mid-sized US steelmaker with premium
customers in the automotive, energy, and construction, industries. The
company’s Dearborn and Columbus facilities are two of the most advanced in
North America, with partial upstream integration into coking coal production
through the PBS Coals company also being part of Severstal.
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Mining*
Vorkutaugol (Vorkuta, Russia)
Karelsky Okatysh (Kostomuksha, Russia)
Olkon (Olenegorsk, Russia)
PBS Coals (Friedens, Pennsylvania, USA)
Severstal Liberia Iron Ore Ltd (Liberia, Putu Range Iron Ore deposit,
license)
OOO UlughemUgol (Republic of Tyva, Russia, Tsentralnyi field coking coal
deposit, license)
Gold*
Neryungri-Metallic (Yakutia, Russia, subsidiary)
Mine Aprelkovo (Transbaikal region, Russia, subsidiary)
Buryatzoloto (Buryatia, Russia, subsidiary)
Suzdal (Eastern Kazakhstan, field)
Taparko (Burkina Faso, subsidiary)
Berezitoviy (Amur region, Russia, subsidiary)
Societe Miniere de Dinguiraye (Guinea, LEFA gold mine)
*Listed only selected major assets.
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Steel products*
Cherepovets Steel Mill (Cherepovets, Russia)
Izhora Pipe Mill (St. Petersburg, Russia, subsidiary)
SMZ-Kolpino (St. Petersburg, Russia, subsidiary)
TPZ Sheksna (Vologda, Russia, subsidiary)
Gestamp-Severstal-Kaluga (Kaluga, Russia, joint venture)
Metalware products*
Severstal – Metiz (Cherepovets, Russia, subsidiary)
Severstal – Metiz (Russia, Orel, subsidiary)
Severstal – Metiz (Russia, Volgograd, subsidiary)
Other companies*
Redaelli Tecna SpA (Italy, subsidiary)
Dneprometiz (Dnepropetrovsk, Ukraine, subsidiary)
Scrap processing*
Vtorchermet (Cherepovets, Russia, subsidiary)
Murmanskvtormet (Murmansk, Russia, subsidiary)
Archangelski vtormet (Archangelsk, Russia, subsidiary)
*Listed only selected major assets.
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Steel products*
Dearborn (Michigan, USA, subsidiary)
Columbus (Mississippi, USA, subsidiary)
*Listed only selected major assets
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Production volumes of steel by Severstal Russian Steel and Severstal International in 2010 (tonnes)
14.7 m
(2009 steel production: 12.6 m)
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Sales volumes of coal by Severstal Resources in 2010 (tonnes)
11.7 m
(2009 coal sales: 9.1)
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Sales volumes of iron ore by Severstal Resources in 2010 (tonnes)
13.8 m
(2009 iron ore sales: 13.9 m)
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Sales volumes of gold by Severstal Resources in 2010 (k oz)
603k oz
(2009 gold sales: 522k oz)
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Performance Review
“Notable drivers of revenue growth in 2010 were sales of steel products to the Russian market, sales of mining products to third parties, and accelerating quarter-to-quarter gold sales globally on the back of the rapid expansion of our gold business”
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