Alexander Shevelev

Alexander Shevelev serves as CEO of Severstal, one of the world's most vertically integrated and cost-efficient steel producers. The company's Cherepovets steel plant is one of the largest integrated steel mills, producing flat steel (hot-rolled, cold-rolled, galvanized, color-coated coils) and long steel products (rebar, wire rod, sections) for construction, automotive, energy, and manufacturing customers. Severstal's competitive advantage is its exceptional degree of vertical integration: the company owns iron ore mines (Karelsky Okatysh, Olcon) and coking coal operations that supply the majority of its raw material needs. This self-sufficiency insulates Severstal from volatile iron ore and coking coal prices that squeeze less integrated steelmakers, enabling industry-leading EBITDA margins (historically 25-35% — far above the global steel industry average). The company has invested in modernization and digitalization of its production processes, improving product quality and operational efficiency. Severstal's domestic market focus provides relatively stable demand from construction and infrastructure sectors. Key stock drivers include domestic steel demand, steel prices, iron ore self-sufficiency benefits, production volumes and capacity utilization, capital expenditure on modernization, dividend policy, and the overall economic and construction activity trends.