Severstal's investment program for 2026 will amount to 147 billion rubles.
Of this amount, 50 billion rubles will be allocated to maintain existing capacities, and the company will invest another 78 billion rubles in development projects.
Illustrative photo: Severstal.
Investments in IT and digital projects are planned at the level of 15 billion rubles, and investments in environmental projects, improvement of safety systems and occupational safety will amount to 4 billion rubles.
Among the key projects in 2026 is the completion of the construction of an iron ore pellet production complex in Cherepovets. The launch of this production facility is planned on time – in the second half of 2026. In addition to the significant environmental impact, this technology will allow the company to strengthen its leadership in cost reduction.
Another large-scale project is the completion of the construction of a recycling thermal power plant (UTES) at the CherMK site. The project is aimed at increasing the volume of generation through the utilization of blast furnace gas and reducing emissions of greenhouse gases and pollutants into the atmosphere. The project, worth more than 10 billion rubles, will allow the plant to achieve 95% self-sufficiency in electricity from its own production and reduce dependence on purchased natural gas. Completion of construction and commissioning are scheduled for the second half of 2026.
In addition, the company implements a set of projects aimed at expanding the product range and improving product quality. This is the basis of our strategic priority, Customer Service Leadership, which aims to increase our share in the key Russian market. Thus, in 2026, the technical re-equipment of the continuous hot aluminizing unit (ANGA) in Cherepovets is planned. The goal is to develop the production of galvanized rolled products, increase output and improve the quality of products used in construction and mechanical engineering.
It is also planned to launch the second stage of the new 170 long-range mill at the site of the Cherepovets Metallurgical Combine in 2026. The design capacity of the mill (after the commissioning of the second production line) will be 900 thousand tons of rolled products per year. Its launch will fully meet the requirements of a key processor, Severstal–Metiza, in terms of surface quality, metal microstructure and product line. The new unit, combined with investment and technological measures at the Severstal-Metiza site, will bring to the market unique types of products in demand in the Russian automotive industry.
Most of the company's investment program is denominated in rubles. The announced investment amounts may be adjusted in the future as a result of changes in the exchange rate or changes in macroeconomic conditions.