Severstal

Severstal
Native name
Северсталь
Company typePublic company
MCXCHMF,
LSESVST,
FWBRTS2
IndustrySteel, Mining, Metallurgy
Founded1993
HeadquartersCherepovets, Russia
Key people
Alexey Mordashov (Chairman)
Alexander Shevelev (CEO)
ProductsSteel, metalware, large diameter pipe
Revenue$11.4 billion[1] (2021)
$5.32 billion[1] (2021)
$4.08 billion[1] (2021)
Total assets$8.67 billion[1] (2021)
Total equity$4.21 billion[1] (2021)
Number of employees
50,000
SubsidiariesSeverstal Air Company
Vorkutaugol
Severstal Cherepovets
Websitewww.severstal.com

Severstal (Russian: Северсталь, lit.'Northern Steel') is a Russian company mainly operating in the steel and mining industry, headquartered in Cherepovets. Severstal is listed on the Moscow Exchange and LSE and is the largest steel company in Russia. The company is majority-owned and controlled by billionaire Alexey Mordashov.

Severstal owns major industrial facilities in Russia, Ukraine, Kazakhstan, France, and Italy, as well as in several African countries. The company also has mining assets, thus securing its supply of raw materials.

Severstal also owns Severstal Cherepovets, a professional ice hockey club which plays in the Kontinental Hockey League and Severstal Air Company, an airline operating mainly from Vnukovo International Airport and Cherepovets Airport.

Severstal has been ranked as among the 16th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.[2] It's ranked 37 among the largest steel makers. In 2021, Severstal was ranked no. 27 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).[3] In 2021, the company's revenue amounted to 770 billion rubles.[4]

  1. ^ a b c d e "Q4 2021 Financial & Operational results" (PDF). Severstal. 18 February 2022. p. 39. Retrieved 18 February 2022.
  2. ^ Overland, Indra (2016). "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic". ResearchGate. Arran. Retrieved 2 August 2018.
  3. ^ Overland, Indra; Bourmistrov, Anatoli; Dale, Brigt; Irlbacher-Fox, Stephanie; Juraev, Javlon; Podgaiskii, Eduard; Stammler, Florian; Tsani, Stella; Vakulchuk, Roman; Wilson, Emma C. (2021). "The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes". Business Strategy and the Environment. 30 (4): 1623–1643. doi:10.1002/bse.2698.
  4. ^ "ПАО "Северсталь"". www.rusprofile.ru (in Russian). Retrieved 2023-10-27.