RU EN
Izhora Pipe Mill
 |  |  | 
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
February 27, 2019

Sustainalytics, a leading independent global provider of ESG and corporate governance research and ratings to investors, has increased Severstal’s rating from 54 to 70 points (out of a possible 100) in 2018, placing the Company in 8th position out of 42 metallurgical companies from around the world. Sustainalytics also placed «Severstal» in the “Leader” category.

February 13, 2019

Severstal announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable.

February 08, 2019

Izhora Pipe Mill has won several tenders to supply PAO Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the North-West Region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of Siberia gas pipeline.

February 05, 2019

PAO Severstal announces its Q4 & FY2018 financial results for the period ended 31 December 2018.

February 05, 2019

Tenaris S.A. announced today that it will form a joint venture with PAO Severstal to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Tenaris will have a 49% interest in the joint venture company, with Severstal owning the remaining 51%. The commencement of the project is subject to regulatory approvals and other customary conditions.

Archive
© 2009 — 2019 Severstal
Developed by Fractalla Design