Severstal is one the world's top vertically integrated steel producers. In 2010 the company produced close to 17 million metric tonnes of steel, placing it amongst the top ten steelmakers in the world.
The company is run by Alexey Mordashov, a Russian steel industry oligarch who is also a main shareholder.
Consolidated Severstal Group revenue in 2010 was $13.5 billion. EBITDA for this period was $3.3 billion.
The Severstal Group operates in three main segments. These are:
Some of the trends impacting the Company include:
Within its core business of steelmaking, it should be noted that Severstal has a major competitive advantage from being almost fully self-sufficient in supply of key steelmaking raw materials that include iron ore and coking coal. This strong vertical integration gives Severstal a marked cost advantage in the production of steel. As a result, Severstal is ranked as being amongst the lowest cost producers of hot rolled steel coil, ranking in terms of cost performance with steelmakers in the top decile on the world cost curve for hot rolled coil.
Important competitors include EvrazHolding in Russia, the Novolipetsk Metallurgical Kombinat (NLMK) in Russia, the Magnitogorsk Iron and Steel Works in Russia and ArcelorMittal's Termitau production plant in Kazakhstan.