SOURCE: Severstal Dearborn, LLC

Severstal Dearborn, LLC

October 22, 2013 11:17 ET

Severstal North America Steps Up Sustainable Sourcing Practices, Joins United Nations Global Compact and the Conflict-Free Sourcing Initiative

DEARBORN, MI--(Marketwired - October 22, 2013) - Severstal North America, one of the largest U.S. steel producers and a subsidiary of the international steel and mining company OAO Severstal, has recently joined two of the most renowned sustainability organizations in operations and sourcing, the United Nations Global Compact (UNGC) and the Conflict-Free Sourcing Initiative (CFSI). This effort allows Severstal to take its existing purchasing practices to the next level and become an industry leader in transparent and sustainable sourcing standards.

"We are committed to the highest ethical, social and environmental standards in all areas of our sourcing value chain," said Gerrit Reepmeyer, Vice President, Procurement, Severstal North America. "We believe that only a sustainable and responsible approach to operating practices can create long-term value for our customers."

Severstal's sustainable sourcing standards for its suppliers focus on three key areas:

  • Safe and healthy working conditions: Follow highest safety standards and comply with international human rights laws.
  • High environmental standards: Foster environmental protection and manage resources responsibly.
  • Strong business ethics: Facilitate integrity, diversity and non-discrimination, and ensure conflict-free sourcing.

To uphold this approach, Severstal is requesting all suppliers to meet these same high standards.

For further questions, please contact Severstal North America at sustainability@severstalna.com.

For more information on UNGC and CFSI, please visit: http://www.unglobalcompact.org/ and http://www.conflictfreesmelter.org/.

About Severstal North America:
Established in 2004, Severstal North America is one of the largest steel producers the United States, specializing in the full range of high quality light flat rolled products. Corporate headquarters and integrated operations are located in Dearborn, Mich. A state-of-the-art electric arc furnace operation in Columbus, Miss. serves the growing demand for steel in the southeastern United States. Over $3 billion in investments have modernized and expanded both facilities. Severstal also has several joint ventures specializing in value-added coated products and coke making. The company serves customers in more than 20 markets, including automotive, appliance, construction, container, pipe and tubing, distribution, converter and service centers. Severstal North America is a wholly-owned subsidiary of OAO Severstal, one of the world's largest vertically integrated steel and mining companies. Visit our website at www.severstalna.com or follow us on Twitter @SeverstalNA.

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