Severstal is a producer of steel and related products. The company manufactures flat and long-rolled products, large diameter pipes, and metalware for the automotive, machinery, construction, and oil and gas industries. The company operates mining complexes, including a coking coal mining complex in Vorkutaugol, Russia; iron ore mining complexes in Olcon and Karelsky Okatysh; and a mine design institute, SPb-Giproshakht, in Russia. The company’s mining complexes include Cherepovets Steel Mill, Mini-Mill Balakovo, and Izhora Pipe Mill. Severstal also operates a ferrous scrap metal recycling business and metalware plant in Russia. The company has operations in several countries across Europe. Severstal is headquartered in Moscow, Russia.
Headquarters
Russia
Address
Ul. Mira, 30, Cherepovets, 162608
Website
www.severstal.com
Telephone
7 820 2531353
No of Employees
49,462
Industry
Metals and Mining
Ticker Symbol & Exchange
CHMF (MCX)
Revenue (2021)
$11.6B
-15.8%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
-42.5%
(2021 vs 2020)
Market Cap*
$13.0B
Net Profit Margin (2020)
XXX
-31.7%
(2021 vs 2020)
* As of and is in US$
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Products and Services
| Products |
|---|
| Hot-Rolled Strip and Plates |
| Long Products |
| Galvanized and Other Metallic Coated Sheets |
| XXX |
| XXX |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Financing Agreements | In February, the company along with other partners led a funding round to raise CAD$79 million for Ekona Power Inc. |
| 2022 | Contracts/Agreements | In January, the company and Credit Agricole CIB signed the climate memorandum to support global efforts to prevent further climate change. |
| 2021 | Contracts/Agreements | In December, the company agreed to sell its Vorkutaugol coking coal asset to private company Russkaya Energiya for US$202.54 million. |
Competitor Comparison
| Key Parameters | Severstal | ArcelorMittal SA | Novolipetsk Steel | Evraz Plc | Magnitogorsk Metallurgicheskiy Kombinat |
|---|---|---|---|---|---|
| Headquarters | Russia | Luxembourg | Russia | United Kingdom | Russia |
| City | Cherepovets | Luxembourg | Lipetsk | London | Magnitogorsk |
| State/Province | - | - | - | - | Chelyabinsk Oblast |
| No. of Employees | 49,462 | 158,000 | 52,800 | 71,591 | 17,887 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Alexey Mordashov | Chairman | Executive Board | 2015 | 56 |
| Alexander Shevelev | Chief Executive Officer; Director | Executive Board | 2016 | 47 |
| Alexey Kulichenko | Chief Financial Officer; Director | Executive Board | 2009 | 47 |
| Agnes Anna Ritter | Chief Technical Officer; Director | Executive Board | 2018 | 39 |
| Dmitry Gorbachev | Director - Business System Development | Senior Management | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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