International Steel Mills
July 8, 2014
Evraz Denies US Assets For Sale
Written by Sandy Williams
Media reports that Russian steelmaker Evraz is considering selling shares of its North American operations in an effort to reduce debt are unfounded according to a spokesperson at Evraz.
“EVRAZ is not planning to sell its North American assets and in fact remains completely committed to our operations and continuing to grow our business in North America. From time to time, EVRAZ considers various financing opportunities; however, there are currently no firm plans with respect to any particular financing related to the EVRAZ North American operations,” said an Evraz spokesperson in an email to SMU.
