Severstal owns major industrial facilities in Russia, Ukraine, Kazakhstan, France, and Italy, as well as in several African countries.

Severstal has been ranked as among the 16th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.

Facility construction accelerated after the end of World War II, and at 3:25 PM on 24 August 1955, the Cherepovets steel mill was put into operation.

Development continued in the following decades, making Cherepovets a major centre of steel production in the Soviet Union.

On 24 September 1993, a decree by the President of Russia, Boris Yeltsin, transformed the state-owned Cherepovets Iron and Steel Complex into the Severstal open joint-stock company.

In November 2006, Severstal Global Depository Receipts began trading on the London Stock Exchange priced at $12.50.

In February 2007, Severstal acquired Celtic Resources, a gold mining company with assets in Russia and Kazakhstan.

In October 2007, Severstal acquired Aprelkovo and Nerungri Metallic, two gold mines in Eastern Russia.

In May 2008, Severstal acquired Sparrows Point, a steel mill in Maryland, USA, from Arcelor Mittal.

[29] In December 2021, according to group's decarbonization strategy, Severstal agreed to sell "Vorkutaugol" to "Russkaya energia" LLC for 15 billion roubles.

According to the British authorities, "PJSC Severstal is and has been obtaining a benefit from or supporting the Government of Russia by carrying on business in a sector of strategic significance, namely the Russian extractives sector and; (2) PJSC Severstal is owned or controlled directly or indirectly by a person involved in obtaining a benefit from or supporting the Government of Russia, namely Alexey Mordashov.

"[35] According to the Australian authorities, measures against Severstal and other sanctioned companies "aim to slow Russia’s war machine.

204 “On the National Goals and Strategic Objectives of the Development of the Russian Federation for the Period up to 2024” and the Federal Project “Clean Air”, Severstal entered into the agreement on co-operation for reducing air emissions in Cherepovets with the Ministry of Natural Resources and Ecology, Rosprirodnadzor and the local authorities.

In accordance with this agreement the Company assumed obligations to ensure the implementation of measures that will reduce pollutant emissions by 30 thousand tons into the atmosphere by 2024.

[43] Severstal reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 27,860[44] Kt (-250 /-0.9% y-o-y).