Alexander Shevelev, CEO of Severstal, announced 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 market in Russia is currently characterized by weak demand, which forces the company to look for new, more complex and less profitable markets. The main destinations for export next year will be Southeast Asian countries, including North Africa and Asia.
Severstal is one of the leading vertically integrated steel and mining companies in Russia. The key asset is the Cherepovets Metallurgical Plant with a production capacity of about 12 million tons of steel per year.
