{{short description|Russian multinational vertically integrated steel making and mining company}} {{Infobox company | name = EVRAZ plc | logo = Evraz.svg | type = Public limited company | traded_as = {{MCX|EVRAZ}} | founded = 1992 (Moscow) | location = Moscow, Russian Federation | key_people = {{ubl|{{wd-chairperson}}|{{wd-ceo}}}} | revenue = {{increase}} US$13.224 billion (2021)<ref name=results>{{cite web|url=https://www.evraz.com/upload/iblock/a21/EVRAZ_Annual_Report_2021.pdf|title=Annual Results 2021|publisher=Evraz|access-date=25 February 2022}}</ref> | operating_income = {{increase}} US$4,583 billion (2021)<ref name=results/> | net_income = {{increase}} US$3.524 billion (2021)<ref name=results/> | industry = Steel<br />Mining | owner = Roman Abramovich (30.5%)<ref name=abram/> | products = Steel <br />Steel products <br />Vanadium slag <br />Iron ore <br />Coal | num_employees = 71,591 (2021)<ref name=results/> | website = {{URL|https://www.evraz.com}} }}
'''EVRAZ plc''' ({{langx|ru|Евраз}}) is a UK-incorporated multinational steel manufacturing and mining company part-owned by Russian oligarchs.<ref name=sp>{{Cite news |last=Pfeifer |first=Sylvia |date=2022-03-10 |title=Evraz shares suspended after Abramovich sanction news |work=Financial Times |url=https://www.ft.com/content/a703b89c-1f09-49d9-9179-2dfd16f37354 |access-date=2022-03-10}}</ref> It has operations mainly in Russia as well as the USA, Canada, and Kazakhstan.
Its listing on the London Stock Exchange (LSE) has been suspended since March 2022 because of sanctions over the 2022 Russian invasion of Ukraine.<ref name=sp/> As of November 2025 the shares remained suspended.<ref name="lse1">{{Cite web|url=https://www.londonstockexchange.com/stock/EVR/evraz-plc/about:blank|title=London Stock Exchange | London Stock Exchange|website=www.londonstockexchange.com}}</ref>
==History== The company was founded as a small metal-trading business in 1992.<ref>{{cite web|url=http://www.steelonthenet.com/kb/history-evraz.html|title=History of the Evraz Group|work=steelonthenet.com|access-date=28 March 2015}}</ref> On 2 June 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.<ref name=ipo>[http://www.sptimes.ru/index.php?action_id=2&story_id=3743 EVRAZ Raises $422M in soft London IPO] {{Webarchive|url=https://web.archive.org/web/20130701065132/http://www.sptimes.ru/index.php?action_id=2&story_id=3743 |date=2013-07-01 }} St Petersburg Times, 3 June 2005</ref> The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.<ref name=ipo/> An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.<ref>{{cite web|url=http://www.cityam.com/article/russian-and-kazakh-firms-set-relegation-ftse-100|title=Russian and Kazakh firms set for relegation from FTSE 100|publisher=City AM|date=29 May 2013|access-date=28 March 2015|archive-url=https://web.archive.org/web/20180925025814/http://www.cityam.com/article/russian-and-kazakh-firms-set-relegation-ftse-100|archive-date=25 September 2018|url-status=dead}}</ref>
The company acquired Claymont Steel from H.I.G. Capital in 2008 for {{USD|564.8}} million.<ref>{{cite news |title=Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash |author=Sandle, Paul |date=2007-12-10 |journal=AFX News Limited |publisher=Thomson Financial News |url=https://www.forbes.com/feeds/afx/2007/12/10/afx4420409.html}}{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}}</ref> The mill was closed in December 2013.<ref>{{cite web | url=http://www.delawareonline.com/article/20131014/BUSINESS06/310140051/Evraz-Claymont-Steel-shutting-down | title=Evraz Claymont Steel shutting down | publisher=Gannett | date=14 October 2013}}</ref>
In 1998, Otari Arshba, who was a KGB officer and, later, was an FSB officer, became the director of public relations, and then he successively held the positions of vice president and senior vice president. Until March 2004, he was the chairman of the board of directors of the holding company according to a Gordonua.com article.<ref>{{cite news |url=https://gordonua.com/ukr/publications/zapiski-kolishnogo-pidpolkovnika-kdb-agentura-vplivu-rosijskogo-glibinnogo-derzhavi-1513054.html |title=Записки колишнього підполковника КДБ: Агентура впливу російської "глибинної держави": Один з авторів книжки "КДБ грає в шахи" і колишній співробітник Комітету держбезпеки СРСР Володимир Попов нещодавно завершив роботу над своїми мемуарами. У книжці "Змова негідників. Записки колишнього підполковника КДБ" він розповідає про становлення режиму російського президента Володимира Путіна, його соратників, про свою роботу в комітеті та головні події, до яких були причетними радянські спецслужби. Раніше книжки не видавали. За згодою автора видання "ГОРДОН" ексклюзивно публікує розділи з неї. У цій частині Попов пише про агентів КДБ у бізнесі та на держслужбі. |trans-title=Notes of a former lieutenant colonel of the KGB: Agency of influence of the Russian "deep state": Volodymyr Popov, one of the authors of the book "The KGB Plays Chess" and a former employee of the State Security Committee of the USSR, recently completed work on his memoirs. In the book "Conspiracy of scoundrels. Notes of a former lieutenant colonel of the KGB", he talks about the formation of the regime of Russian President Vladimir Putin, his associates, his work in the committee and the main events in which the Soviet special services were involved. Previously, books were not published. With the consent of the author, the publication "GORDON" exclusively publishes sections from it. In this part, Popov writes about KGB agents in business and civil service. |language=uk |work=«ГОРДОН» (Gordonua.com) |date=12 August 2020 |access-date=17 July 2023 |archive-date=17 July 2023 |archive-url=https://web.archive.org/web/20230717200931/https://gordonua.com/ukr/publications/zapiski-kolishnogo-pidpolkovnika-kdb-agentura-vplivu-rosijskogo-glibinnogo-derzhavi-1513054.html}} All archived articles of "Заговор негодяев. Записки бывшего подполковника КГБ", "Владимир Попов" 2020 ("Conspiracy of scoundrels. Notes of a former KGB lieutenant colonel", "Vladimir Popov" 2020): [https://web.archive.org/web/20230717204153/https://gordonua.com/tags/zapiski-byvshego-podpolkovnika-kgb.html List part 1], [https://web.archive.org/web/20230717204153/https://gordonua.com/tags/zapiski-byvshego-podpolkovnika-kgb/p2.html List part 2], and [https://web.archive.org/web/20230717204157/https://gordonua.com/tags/zapiski-byvshego-podpolkovnika-kgb/p3.html List part 3]</ref>
As of 2021, the Canadian unit of Evraz employed 2,000 people and generated $2.4 billion in revenues.<ref name=nc1/> The North American unit had annual crude steelmaking capacity of 2.3 million tons, and a capacity of 3.5 million tons of finished steel for heavy industry.<ref name="rt1">{{cite news |url=https://www.recyclingtoday.com/news/evraz-russia-usa-canada-steel-mills-for-sale-recycling/|title=Evraz Colorado, Canada mills on the market|newspaper=Recycling Today|access-date=12 February 2024}}</ref> Evraz operates two electric arc furnaces, in Pueblo, CO, and in Regina, SK.<ref name=rt1/>
In the immediate aftermath of the 2022 Russian invasion of Ukraine, the British government accused the company of "providing financial services or making available funds, economic resources, goods or technology that could contribute to destabilising Ukraine."<ref>{{Cite web |date=2022-03-10 |title=Evraz shares sink after Abramovich sanctions and government accusations of backing Russian forces |url=https://www.cityam.com/evraz-shares-sink-after-abramovich-sanctions-and-government-accusations-of-backing-russian-forces/ |access-date=2022-03-10 |website=CityAM |language=en-GB}}</ref>
In March 2022 after sanctions were applied to Abramovich, owner of 29% of the company,<ref name="resign"/> the Financial Conduct Authority suspended the trading of Evraz shares on the LSE.<ref name=md1>{{cite web |url=https://marketdata.youinvest.co.uk/1c6qh1t6k9/stockreport/newsItem.aspx?id=LSE20220310110002_4298840 |title=Notice Of Temporary Suspension Of Listing From The Official List |publisher=London Stock Exchange |date=10 March 2022 |accessdate=11 March 2022 }}</ref> The non-executive members of the board subsequently resigned.<ref name="resign">{{cite news |url=https://www.theguardian.com/business/2022/mar/11/evraz-board-resigns-after-sanctions-imposed-on-roman-abramovich |title=Evraz board resigns after sanctions imposed on Roman Abramovich |first=Mark |last=Sweney |date=11 March 2022 |accessdate=11 March 2022 |newspaper=The Guardian }}</ref>
On 10 August 2022, Reuters reported that Evraz was seeking to sell its North American units.<ref name="sale">{{cite news |url=https://money.usnews.com/investing/news/articles/2022-08-10/russias-evraz-looking-to-sell-north-american-units |title=Evraz selling North American units |first=Radhika |last=Anilkumar |date=10 August 2022 |accessdate=10 August 2022 |newspaper=U.S. News & World Report}}</ref><ref>{{Cite news|url=https://www.theglobeandmail.com/business/article-russian-steelmaker-evraz-eyes-sale-of-canadian-us-facilities/|title=Russian steelmaker Evraz eyes sale of Canadian, U.S. facilities|newspaper=The Globe and Mail |date=August 10, 2022|via=www.theglobeandmail.com}}</ref> At the time, the Regina mill was reported to employ 1,200 people.<ref name="cbc1">{{cite news |url=https://www.cbc.ca/news/canada/saskatchewan/evraz-sale-north-america-1.6547138|title=Evraz PLC plans to sell off North American assets, including steel plant in Regina|newspaper=CBC|access-date=12 February 2024}}</ref>
In September 2022 U.S. Steel and Nucor were reported to be interested in the North American assets. New York-based boutique advisory firm Three Keys Capital was named as the agent for the sale.<ref name="nc1">{{cite news |url=https://www.nasdaq.com/articles/dealtalk-evrazs-north-american-assets-sale-muddled-by-canadas-sanctions|title=Evraz's North American assets sale muddled by Canada's sanctions|date=8 September 2022|newspaper=Reuters|access-date=12 February 2024}}</ref> As a result of the 2022 Russian invasion of Ukraine, Evraz was sanctioned and its shares delisted from the LSE.<ref>{{cite news|url=https://www.theguardian.com/business/2022/may/05/uk-sanctions-steel-firm-evraz-russia-roman-abramovich|title=UK imposes sanctions on Roman Abramovich-linked steel firm Evraz|date=5 May 2022|newspaper=The Guardian|access-date=27 January 2024}}</ref>
==Operations== Evraz sets aside its coal business by the end of the year 2021 on the premise of all needed approvals, according to the group's report of the 1st half of 2021. In the very beginning of 2021 EVRAZ announced expecting to spin off its coal division consolidated in Raspadskaya. In April 2021, the group's board of directors approved the demerger of its coal assets to be shared pro rata among Evraz shareholders.<ref>{{Cite web|url=https://interfax.com/newsroom/top-stories/72405/|title=Evraz demerges of its coal business|date=2021-08-05|publisher=Interfax.com}}</ref> In January 2022, Evraz shareholders also approved the demerger of the group's coal business, consolidated at PJSC "Raspadskaya" after the final decision made by the board of directors of Evraz last December.<ref>{{Cite web|url=https://www.interfax.ru/business/814806|title=Акционеры Evraz одобрили выделение угольных активов|language=ru|date=2022-01-11|publisher=Интерфакс}}</ref>
The business structure is as follows:<ref>[http://www.evraz.com/business/ Our business] {{webarchive|url=https://web.archive.org/web/20111205214317/http://www.evraz.com/business/ |date=2011-12-05 }} Evraz</ref>
===Steel=== [[File:EVRAZ Rocky Mountain Steel Mill.jpg|thumb|EVRAZ Rocky Mountain Steel Mill in Pueblo, Colorado]] * Nizhny Tagil Iron and Steel Plant – NTMK – in Nizhny Tagil. Steel and vanadium slag * Novokuznetsk Iron and Steel Plant – NKMK – in Novokuznetsk. Steel , specializing in railway steel (merged with EVRAZ ZSMK) * EVRAZ Consolidated West-Siberian Metallurgical Plant (EVRAZ ZSMK) – steel producer. Merged with EVRAZ NKMK in 2011<ref>{{Cite web|url=https://www.mbdatabase.com/Basic-Information/EVRAZ-ZSMK-Consolidated-West-Siberian-Metallurgical-Plant/20264/1|title=EVRAZ United West Siberian Metallurgical Plant | Metal Bulletin Company Database|website=www.mbdatabase.com}}</ref> *EVRAZ North America – Steel. Formed from merger of Oregon Steel Mills, Rocky Mountain Steel and IPSCO. The company is headquartered in Chicago, Ill. with manufacturing facilities in Portland, Oregon; Regina, Saskatchewan; Pueblo, Colorado; Calgary, Camrose and Red Deer, Alberta.
===Ore=== *Evrazruda ''mining and enrichment facilities in Kemerovo Oblast'' ** In the Kemerovo Oblast: Tashtagol Mine, Kaz Mine, Sheregesh Mine, Gurev Mine, Abagur Sinter and Enrichment Plant *Kachkanarsky Ore Mining and Processing Enterprise – Vanady – KGOK ''pit mining in Sverdlovsk region;'' *''Sukha Balka Mines, Kryvyi Rih, Ukraine.''
===Coal=== *Yuzhkuzbassugol ''coking coal mining in the Kuzbass Region'' *Raspadskaya/ ''coking coal company with three mines and one open pit in Mezhdurechensk, Kemerovo region, EVRAZ owns 82% of Raspadskaya''
===Vanadium=== *EVRAZ Vanady Tula *EVRAZ Nikom *EVRAZ East Metals AG
===Sales and logistics=== *Metallenergofinance MEF, ''supplying electricity and heat for Evraz facilities'' *Nakhodka Commercial Sea Port ''in the Russian Far East, handling most of Evraz' exports'' *Trading House EvrazHolding/TH EvrazHolding ''working in domestic sales'' *Trading House EvrazResource/TH EvrazResource ''working in domestic sales''
===Corporate structure=== The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006, Evraz Group announced a transaction that resulted in the transfer to Greenleas International Holdings of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group.<ref name="abram">{{cite web |title=Share information 20 April 2015 |url=http://www.evraz.com/investors/information/shareholder_structure/ |url-status=dead |archive-url=https://web.archive.org/web/20181015153106/http://www.evraz.com/investors/information/shareholder_structure/ |archive-date=15 October 2018 |access-date=2015-03-17 |publisher=Evraz}}</ref>
==Owners and management== As of April 2015, Lanebrook Ltd. held 63.70% of the company's shares, with the ultimate beneficial owners being Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Aleksandr Frolov (10.78%).<ref name="abram" />
At the end of 2021, Roman Abramovich owned 28.64%, Alexander Abramov — 19.32% and Aleksandr Frolov — 9.65%, Gennady Kozovoy — 5.74%, Evgeny Shvidler — 2.7%.<ref>{{Cite web |date=2023-07-03 |title=Акционеры Evraz переизбрали совет директоров из двух человек |url=https://www.interfax.ru/business/909897 |access-date=2025-04-07 |website=Интерфакс |language=ru}}</ref><ref>{{Cite web |date=2021-05-21 |title=Evraz меняет руководство |url=https://www.kommersant.ru/doc/4824958 |access-date=2025-04-07 |website=Коммерсантъ |language=ru}}</ref>
==See also== *List of steel producers
==References== {{reflist}}
==External links== {{Commonscatinline}} *{{Official|https://www.evraz.com }}
{{Authority control}} {{Metallurgical Industry of Ukraine}} Category:Evraz Category:Steel companies of Russia Category:Mining companies of Russia Category:Iron ore mining companies of the United Kingdom Category:Companies based in the City of London Category:Companies listed on the London Stock Exchange Category:Roman Abramovich