Steelmaker Evraz eyes asset sales: The Moscow Times

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Fiery Finkl Forging
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Evraz may be trimming its asset roster, the Moscow Times reports.

The Russian steelmakers expanded rapidly until the  global financial crisis hit. Among its purchases  was Claymont Steel,  which was acquired in a  nearly  $600 million deal.

Evraz, which is listed on the London exchange, is  controlled  by  British soccer team owner  Roman Abramovich, who is listed as one of Russia’s wealthiest men.

The company is selling is Evraztrans business, but may put other assets on the block.

Evraz Claymont Steel operated throughout the financial downturn and is working to improve its environmental performance.

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via Evraz Eyes Asset Sales, Moves to Cut Debt | Business | The Moscow Times.

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