Severstal commits to cutting its carbon emissions by 3% by 2023 and almost doubles its target for reducing total atmospheric emissions

30 July 2020 

PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces a public target to cut its greenhouse gas emissions intensity by 3% over the next three years compared with 2020 . It is the first stage of a longer-term strategy to reduce its carbon footprint and increase its contribution to meeting the goals set by the Paris Climate Agreement.

We have identified the following investment projects that should contribute most significantly to this target are: the construction of long-range wire mill 170, implementation of argon purging of metal in a steel casting ladle from production to casting, increasing the share of sintering ore from Yakovlevskiy Mine in sintering mix, the reconstruction of the solid fuel unit Sinter plant 2 as well as the launch of top-pressure recovery turbines #16 & #25.

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