Severstal

Severstal 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 PAO engages in the manufacture of steel and rolled products. It operates through the following segments: Steel Resources, Russian Steel, and Severstal North America. The Steel Resources segment comprises two iron ore complexes, Karelsky Okatysh and Olkon in nothwest Russia, and two coal mining complexes, Vorkutaugol in northwest Russia and PBS Coals Limited located in the USA. The Russian Steel segment consists primarily of the steel production and a high-grade automotive galvanizing facilities, rolling mill, metalware plants located in Russia, Ukraine and Italy, also a ferrous scrap metal recycling business, as well as various worldwide supporting functions for trading, maintenance, and transportation. The Severstal North America segment includes integrated iron and steel mill, and a mini-mill in the southeast of the USA. The company was founded on August 24, 1955 and is headquartered in Cherepovets, Russia.