Severstal has faced the need to refocus its supply lines under the sanctions, which does not allow us to speak confidently about maintaining production volumes, said Alexei Mordashov, chairman of the company's Board of Directors. However, despite the difficult access to certain technologies due to the sanctions regime, the company expects to implement all of...

Severstal plans to reduce exports and increase the share of hot-rolled coils sales on the domestic market in 2022, due to restrictions on sales in Europe. It is expected to increase the share to 49% or 1.3 mln tons from 865 thousand tons. In 2021, the company's share of exports of these products was 71%, or 2.1 million tons.

Severstal has received permission from the government commission to maintain its depositary receipt program. The company's GDRs are traded on the LSE.

Severstal closed the deal on the sale of Vorkutaugol JSC to Roman Trotsenko's Russian Energy. The deal amounted to ₽15 billion. The sale of Vorkutaugol JSC will allow Severstal to focus on implementing its strategy for developing its steel and iron ore assets in accordance with the company's vision for the future of the industry and reducing its carbon footp...