OAO Severstal (“Severstal”, “the Company”, or “the Group”) is a vertically integrated steel and steel-related mining company with major assets in Russia and the USA, as well as investments in other locations. Operations began in 1955 at Cherepovets Steel Mill in Russia. Since becoming a private company in 1993, Severstal has been growing and expanding internationally. The company is listed on the Moscow Exchange (MICEX) and its GDRs are traded on the London Stock Exchange (LSE). Severstal’s strategic aim is to achieve a leading industry position by EBITDA . Severstal
comprises three business divisions: Severstal Resources, Severstal Russian Steel and Severstal International.
Severstal Resources manages all of Severstal’s mining assets, forming the basis of Severstal’s vertically integrated business model.
It satisfies almost all the iron ore and hard coking coal requirements of Severstal Russian Steel and, partially, of Severstal International divisions’ steel operations, while also selling increasing volumes to external customers. The coal businesses are among Russia’s top five coking coal producers, while the iron ore businesses are leaders by extraction volume in their respective markets.
Iron ore sales volumes at Severstal Resources (tonnes)
Coal sales volumes at Severstal Resources (tonnes)