Annual Report

The report describes resilient 2020 performance despite COVID-19, including consolidated revenue of US$6,870 million and continued investment in safety and environmental improvements. The company disclosed its first quantified climate target: a 3% reduction in GHG emissions intensity by 2023 from 2020 levels, while its GHG work considered all 15 Scope 3 categories. Safety remained a major challenge, with 14 deaths on Severstal sites in 2020, including ten contractor fatalities.