Severstal will sell 80% of its products on the domestic market

Severstal CEO Alexander Shevelev said that in 2025 the company plans to sell about 80% of its products on the Russian market, despite the observed decline in domestic demand. The remaining 20% ​​of products will be exported, which is due to the need to maintain production levels.

According to Shevelev, the domestic Russian market is currently characterized by weak demand, which forces the company to look for new, more complex and less marginal markets. The main export destinations next year will be the countries of the South-East, including North Africa and Asia.

Severstal is one of the leading vertically integrated metallurgical and mining companies in Russia. Its key asset is the Cherepovets Iron and Steel Works with a production capacity of approximately 12 million tons of steel per year.