What is "severstal"

Severstal ( 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 on the Moscow Exchange and LSE. As of 2009, it is the largest steel company in Russia according to the Metal Bulletin. The majority of the company's stock belongs to Alexey Mordashov. Severstal owns major industrial facilities in Russia, Ukraine, Kazakhstan, France, and Italy, as well as in several African countries. The company also has mining assets, thus securing its supply of raw materials.

Severstal also owns Severstal Cherepovets, a professional ice hockey club which plays in the Kontinental Hockey League. Severstal company also owns an airline - Severstal Air, operating mainly from Vnukovo Moscow Airport and from its home base Cherepovets Airport.