Severstal is selling Vorkutaugol to Russian Energy for ₽15 billion. The sale of Vorkutaugol is scheduled to close in Q1 2022 and will allow the company to reduce its Scope 1 and 2 greenhouse gas emissions by 14.3%.

Severstal is increasing the share of renewable energy in its energy portfolio. At Karelsky Okatysh, we plan to gradually increase the share of biofuels in our heat generation balance from 1.2% in 2021 to 13.5% in 2026. The implementation of projects aimed at using biofuels leads to a reduction of СО2 emissions. The expected effect of them is more than 11 tho...

Severstal is working on a project for green hydrogen production in Karelia. Investments in the project could amount to tens of millions of dollars or euros, and its electrolysis capacity is 50 MW. The hydrogen is planned to be exported to Finland and used at one of the enterprises, the Karelian Pellet complex.

Severstal's RAS net income for 9M 2021 was ₽217.958 billion, up 2.7 times from ₽79.892 billion in the previous year. Revenues increased 72.1% to ₽559.47 billion compared to ₽325 billion a year earlier.