Evraz considers IPO of North American assets

Russian steelmaker Evraz has announced that it is currently considering a registered initial public offering (IPO) of ordinary shares of its North American subsidiary, EVRAZ North America.
 
Any offering would commence after the US Securities and Exchange Commission (SEC) completes its review process, which would be initiated by the filing of a registration statement. EVRAZ North America has not filed a registration statement but may do so in the foreseeable future. As it previously announced, Evraz remains committed to its North American operations and to continuing to grow its business in North America.