Severstal (RTS:CHMF MICEX:CHMF) Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed in the RTS and LSE. As such it is the first largest steel company in Russia according to Metal Bulletin rating 2008. The majority of the company's stock belongs to Alexey Mordashov. Its high-quality assets are located in Russia, Ukraine, Kaza...
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Severstal (RTS:CHMF MICEX:CHMF) Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed in the RTS and LSE. As such it is the first largest steel company in Russia according to Metal Bulletin rating 2008. The majority of the company's stock belongs to Alexey Mordashov. Its high-quality assets are located in Russia, Ukraine, Kazakhstan, United Kingdom, France, Italy and the United States. Severstal owns mining assets in Russia and in the USA, thus securing its supplies of raw materials. As "White Knight" Severstal was to merge with Arcelor, thus preventing a takeover of Arcelor by Mittal, but the Arcelor deal with Severstal was called off following criticism within the Arcelor board. Arcelor finally merged with Mittal Steel on 25 June 2006 to create Arcelor Mittal.
Severstal gives its name to a Russia Super League ice hockey club, Severstal Cherepovets.
During the...
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