In 1735, after the discovery of iron ore deposits on the Severshka River near the village of Polevskoy, the construction of the Seversky Ironworks began. At the same time, V. N. Tatischev approved a stamp for the factory's products.

The factory gradually expanded, acquiring new buildings and workshops, and became one of the key enterprises of modern Polevskoy. However, by the mid-18th century, its maintenance became too costly for the treasury. In 1757, the production was sold to merchant A. F. Turchaninov. For many years, the factory produced cast iron, and its owners remained Turchaninov's heirs.

On June 2, 1859, a blast furnace was launched at the factory, which was modernized 40 years later. The height of the furnace is 14 meters, and the diameter of the tuyere is 3 meters. Ore was mined from local mines, and charcoal produced from the factory's forest reserves was used as fuel.

The furnace is equipped with three air heaters that supplied heat to the furnace via a water blower. The foundry yard was paved with cast iron slabs produced on-site, allowing the use of molds for casting ingots. The waste slag accumulated on a special sub-furnace tier.

Next to the furnace was a foundry workshop where molds for large products were made. The taps from the furnace allowed for quick filling of the molds. The complex included an ore yard, from which ore and fuel were loaded into the furnace using a system of trolleys.

Today, the unique blast furnace, along with the complex and most of the equipment, has been preserved in the condition it functioned in at the end of the 19th century. The factory also retained the rolling shop and dam. This unique industrial complex has become a museum, open to all who wish to immerse themselves in the mining and metallurgical history of the Urals.