PJSC Severstal is a vertically integrated steel and mining company headquartered in Moscow, Russia, and founded in 1955. The company operates primarily in the production and sale of steel products and related raw materials, with key assets including the Cherepovets Steel Mill. Severstal's core products include flat-rolled steel, high-value added steel grades, wear-resistant and high-strength steels (including the POWERS range), corrosion-resistant steels such as the newly developed 05ХГГ2БА grade, and various steel solutions for construction, automotive, mining equipment, agricultural machinery, consumer goods, and energy sectors. The company also produces pig iron and has mining operations to secure raw materials for steelmaking.
In recent years, Severstal has strategically focused on increasing the share of new and innovative products in its sales portfolio, achieving a 20% growth in finished solutions volume by 2024 and boosting financial efficiency of these products by 62%. Severstal continues to develop integrated turnkey steel solutions with an emphasis on import substitution and enhanced process efficiency. The company plans to sell approximately 80% of its products in the domestic Russian market in 2025, despite weaker demand, while targeting export markets in Southeast Asia and North Africa. Severstal has significantly increased its investment program for 2025 by nearly 43%, allocating funds for both capacity maintenance and development projects.
Recent major operational changes include the acquisition of the distribution business of the A Group corporation to strengthen its metal trading capabilities and a partial transfer of its service company Severstal-Center for Unified Service LLC's controlling stake to an external management company. Severstal also holds assets in several countries including Latvia, Ukraine, Poland, Italy, Liberia, and North America, supporting a diversified geographic footprint. The company has been consolidating its North American industrial strategy through acquisitions like Esmark to expand product offerings and vertical integration within key markets. Severstal remains one of the world's largest and most efficient steel producers, focusing heavily on the development of high value-added products and innovative steel solutions across multiple industries.