Evraz Corporation Profile and Data Insights

Evraz Corporation is a leading global steel and mining company.

The company was founded in 1992 by Alexander Abramovich, Alexander Frolov, and Alexander Shcherbakov.

Evraz is headquartered in London, United Kingdom, and has operations in 14 countries.

Evraz's business model is built around the production of steel, iron ore, and coal.

The company operates a global network of mines, steel mills, and other facilities.

Evraz has a diverse product portfolio, including steel products, iron ore pellets, and coking coal.

Evraz's steel products are used in a variety of applications, including construction, automotive, and energy.

The company's steel is known for its high quality and is exported to over 60 countries worldwide.

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Evraz is a leading global steel and mining company with a diverse range of business segments.

The company's Steel segment is one of its largest, producing over 12 million tonnes of steel per year.

Evraz's Steel segment has a presence in several countries, including Russia, Ukraine, and the UK.

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The company's Steel segment produces a variety of steel products, including long products, flat products, and tubular products.

Evraz's Mining segment is another significant part of its business, with operations in iron ore, coking coal, and other minerals.

The company's Mining segment has a strong presence in Russia and other countries in the region.

Evraz's business segments are supported by a global network of logistics and distribution channels.

The company's steel and mining products are sold to a wide range of customers, including manufacturers, construction companies, and other industries.

Evraz's business segments are strategically located to serve major markets in Europe, Asia, and North America.

Evraz's corporate structure is complex, with its interests in most subsidiaries held indirectly through its ownership of Mastercroft.

In June 2006, Evraz Group transferred a 50% interest in Lanebrook Ltd. to Greenleas International Holdings.

Evraz's ownership structure is notable for its international presence, with interests in steel companies of Russia and iron ore mining companies of the United Kingdom.

Here's a brief overview of Evraz's organizational structure:

Evraz's ownership is also tied to prominent individuals, including Roman Abramovich.

Evraz Group was founded as a small metal-trading business in 1992.

The company made its stock market debut in 2005, floating 8.3% of its shares in London for $14.50 per share, which valued the company at $5.15 billion.

In 2006, an additional 6% stake was placed, bringing the total free-float to 14.3%.

The company acquired Claymont Steel from H.I.G. Capital in 2008 for $564.8 million.

However, the Claymont Steel mill was eventually closed in December 2013.

Evraz was sanctioned and its shares delisted from the LSE due to the 2022 Russian invasion of Ukraine.

Here's a brief timeline of key events in Evraz's history:

Evraz is a vertically integrated holding, meaning it has a high level of control over its own supply chain. This is evident in its self-sufficiency in iron ore production.

The company also produces excess coking coal, which gives it a significant advantage in the domestic market.

Its affiliates enable Evraz to be one of the largest participants on the domestic coking coal market.

Evraz controls some metal trading and logistic assets, which further solidifies its position in the industry.

This business structure allows the company to efficiently manage its operations and maximize its resources.

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Evraz Group's corporate structure is complex, with its interests in most subsidiaries held indirectly through its ownership of Mastercroft.

The company's ownership is concentrated in Lanebrook Ltd., which held 63.70% of the company's shares as of April 2015.

Roman Abramovich is a significant owner, with a 31.03% stake in Lanebrook Ltd. at the time, making him a major beneficiary of Evraz Group's operations.

Alexander Abramov, the chairman, also has a substantial stake, owning 21.59% of Lanebrook Ltd. as of April 2015.

Aleksandr Frolov, the CEO, holds a smaller but still notable 10.78% stake in Lanebrook Ltd.

Here's a breakdown of the ownership structure as of April 2015:

By April 2021, Roman Abramovich's ownership had decreased to 28.64%, while Alexander Abramov's stake remained steady at 19.32%.

Evraz is a global steel and mining company with a diverse portfolio of assets.

The company's data-driven approach has allowed it to optimize production and reduce waste, increasing efficiency across its operations.

Evraz's largest steel mill is located in Nizhny Tagil, Russia, where it produces over 7 million tons of steel per year.

The company's mining operations span across Russia, Ukraine, and Canada, with key assets including the Sokolov-Sarbai mine in Kazakhstan and the Iron Ore Company of Canada's Labrador City mine.

Evraz's data and projects team has developed a range of tools and systems to improve operational performance and reduce costs.

Atlas Holdings is buying Evraz's North American holdings, which includes its facility in Regina.

This move comes after Evraz was seeking a buyer due to the UK's sanctions on its largest shareholder, Russian oligarch Roman Abramovich, and the parent company in 2022.

Evraz's North American operations were allowed to operate separately, and Atlas has agreed to pay up to $500 million for the sale.

The sale includes facilities in Colorado, Oregon, and Alberta, in addition to the Regina steel plant.

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Atlas's purchase is expected to close later this year.

Evraz employs 3,400 people and has a steelmaking capacity of 2.3 million tones.

The Regina facility is a significant part of Evraz's North American operations, and its sale to Atlas will likely have a impact on the local community.

Premier Scott Moe has expressed optimism about the future of the steel industry, stating that "we will find a path with our largest trading partner, which is the U.S."