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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
September 18, 2019

Severstal has launched a pilot project under the World Steel Association’s (“Worldsteel”) “Step up” programme, which aims to reduce greenhouse gas (GHG) emissions by the global steel industry through the introduction of a new methodology. Launched at Severstal’s flagship steel mill in Cherepovets, a study has begun using the Worldsteel benchmarking system to identify opportunities to reduce CO2 emissions from steel production in the near term.

September 17, 2019

Severstal announces that it has invested in Arcanum Alloys, Inc., a Michigan-headquartered company that develops innovative steel-based alloys. Severstal is the lead investor of the round, investing approximately six million dollars in this funding round. Among other major investor in the company is the leading American venture capital firm Khosla Ventures.

July 29, 2019

Severstal Digital LLC (a division of PJSC Severstal) has developed a neural network to detect surface defects in Metal Processing Shop No. 2 (TsOM-2), which produces flat rolled products at the Cherepovets steel mill (CherMK).

July 25, 2019

PAO Severstal, one of the world’s leading steel and steel-related mining companies, announces that it has completed the sale transaction of Mini-Mill Balakovo to Abinsk Electric Steel Works LTD. The consideration of the transaction is $215 million.

July 19, 2019

Severstal reports Q2 & H1 2019 financial results

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