Cherepovets Metallurgical Combine, part of Severstal, reduced the consumption of purchased natural gas at the TPP-EMU by 12.3% in the first 6 months of 2026. This is stated in a Severstal press release.
This result was achieved through the utilization of secondary energy resources, namely coke oven and blast furnace gases.
Hourly consumption of blast furnace gas at both CherMK stations increased by 16.9%, while the share of natural gas in the total fuel structure decreased to 7.4%. Natural gas consumption at the CHP-PVS decreased by 0.3%.
Due to the increase in pig iron production, the output of blast furnace gas, which is supplied to the boilers of the CHP, has increased. The proportion of gas burned on a candle decreased by 7.3%. The secondary fuel is mainly used to generate heat and electricity.
In 2025, turbine generator No. 2 was upgraded at CHP-EVS, and at the end of 2024, a new boiler unit No. 11 was launched at CHP-PVS and major repairs were carried out to turbo generators No. 4 and 6, as well as power boilers.
The share of covering CherMK's energy needs with its own generation in the first half of 2026 is 83.9%. The company plans to increase this figure to 95%.
Severstal is a vertically integrated mining and metallurgical company that creates new products and integrated steel solutions together with customers and partners. The company's production assets are concentrated in Russia. The shares are traded on the Moscow Stock Exchange (ticker CHMF).
Severstal's revenue under RAS for 2025 fell by 14% to 620.1 billion rubles from 723.96 billion rubles, net profit — by 2.7% to 112.76 billion rubles. from about 115.9 billion rubles a year earlier.
Severstal's net profit under IFRS for 2025 fell 370 times to 57 million rubles from 21.07 billion rubles a year earlier. Revenue fell by 19% to 145.3 billion rubles from 178.7 billion rubles. EBITDA decreased by 54% to RUB 17.94 billion.
Severstal's net profit under IFRS for the second quarter of 2026 decreased by 74% to RUB 4.06 billion. compared to a year earlier. Revenue decreased by 9% to RUB 169.56 billion. EBITDA decreased by 38% to 24.4 billion rubles.
According to the AK&M Rating Agency, by the end of 2024, Severstal is among the leaders of the fifth rating of responsibility to society, the fifth rating of the carbon footprint of the largest Russian companies.
