Steel Mills
Evraz NA Files for IPO
Written by Sandy Williams
September 27, 2014
Evraz North America LLC has filed for an initial public offering (IPO) with the US Securities Exchange Commission.
Evraz North America said it intends to use the proceeds from the share offering to complete acquisition of North American assets and repay debt to its Russian parent company Evraz.
The number and price of shares to be offered has yet to be determined. After sale of the shares, Evraz will continue to be the majority stakeholder.
Evraz North America operates six production sites, in addition to scrap processing units, a plate mill and a wire rod mill, in the US and Canada focusing on engineered steel products for rail, energy, and industrial end markets. Sales as of June 30, 2014 totaled $1.5 billion on 1.4 million tons of product. Net income at the end of the period was $40 million.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.
Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”