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Code of Business Conduct
 

Code of Business Conduct

Principles of our work

Trust, Quality, Honesty and Service are imbedded in everything we do.

To conduct ourselves in a professional manner with the highest standards of  honesty and integrity.

To act ethically and cooperate openly with our partners, suppliers and  customers.

To treat our partners, suppliers and customers with respect.

To conduct all of our work to the highest standards of health & safety and environmental sustainability.

To provide our partners, suppliers and customers with honest and accurate information about our products, services and prices and those of our competitors.

To maintain the strictest levels of confidentiality with our partners, suppliers and customers.

To always honor our agreements to the best of our ability. If we are unable to deliver on time, we will inform our partners, suppliers and customers accordingly and offer alternative solutions.

To treat any accusations of fraud with the utmost importance and will report all instances of suspected fraudulent behavior.

To refuse any gifts or corporate entertainment that might compromise our  integrity and to avoid all situations that may lead to conflicts of  interest. 

Our commitment

To work effectively and successfully with our partners, we will:

  1. Work honestly and transparently
  2. Honor our agreements to the best of our abilities
  3. Conduct ourselves in a professional manner with the highest levels of  integrity
  4. Inform all Severstal employees of the rules and principles of this Code

What we expect from our partners

  1. To share our efforts to prevent fraud and report any suspected fraudulent behavior
  2. To respect the highest standards of health and safety and environmental sustainability in their work with Severstal
  3. To honor all obligations and agreements to the best of their abilities
  4. Work openly and professionally in all dealings with our company
  5. Inform their employees who work with our company of the rules and  principles of this Code

If you suspect any behavior in breach of this code, please email komitet@severstal.com in the highest confidence.

Alexey Mordashov

Chief Executive Officer

OAO Severstal News
March 20, 2020

Severstal provides the following update set of measures in response to the global COVID-19 pandemic. While Severstal’s operations are functioning as usual, the continued health and safety of all our employees is our absolute priority.

March 13, 2020

PAO Severstal, one of the world’s leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region.

March 04, 2020

Severstal announces plans to invest 6.7 bn roubles in IT and digital projects, a 7% increase on 2019 investment levels.

March 03, 2020

Severstal announces its plans to invest plan approximately 1.1 billion roubles in environmental projects in 2020. The investment will cover a full environmental refurbishment programme at Severstal’s main assets to further reduce the Group’s environmental impact.

February 20, 2020

Severstal announces the construction of long-range wire mill 170 in the long-rolling production segment at Cherepovets Steel Mill (part of Severstal’s Russian steel division). The total investment is expected to amount to approximately 11 billion rubles.

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