From Global Energy Monitor

Severstal headquartered in Cherepovets, is a vertically integrated steel and steel-related mining business with its major assets located in Russia and some investments in other countries.[1]

one of Russia’s largest producers of iron ore and coking coal.


The Company was founded in 1955 at the Cherepovets Steel Mill in Russia.[1]

The company has two iron ore mining complexes, Karelsky Okatysh and Olcon, a coking coal complex Vorkutaugol, a mine design institute SPb-Giproshakht in Russia, a coking coal complex PBS Coals in the US, and a number of greenfield projects outside of Russia.[2]

In 2014, in Vorkutaugol it mined 11.4 million tons of coal and had 297 million tons of coal reserves.[3] It operates the following coal mines:


  • CEP Pechorskaya, a complex that processes over 7 million tons of coal into concentrate for steelmaking.

According to the Carbon Tracker report, "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?", Severstal has more estimated carbon reserves than any other company on the globe, estimated at 141.6 Gt of CO2.[4]

Climate Commitments


The following companies are fully or partially owned/operated under Severstal


  1. 1.0 1.1 "About Company", Severstal website, accessed July 2022.
  2. "Severstal Resources: About Us," Severstal website, accessed July 2012.
  3. "Vorkutaugol" Severstal website, accessed 18/03/2021.
  4. "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?" 2011 Report.

External links

Wikipedia also has an article on Severstal. This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].