Russian steel producer EVRAZ states there are no plans to sell assets in the US

Metallurgical and mining company EVRAZ is not planning on selling its assets in the USA, as they are of strategic interest, reported Interfax referring to the statement made by the president of the company Alexander Frolov.

“We see an opportunity to further develop rails and large-diameter pipes, delivery of slabs is continuing, even despite the newly imposed tariffs. Therefore, we do not have any immediate plans to sell,” Frolov said.

EVRAZ North America includes six production sites. They are located in the US cities of Portland and Pueblo, as well as in Regina, Calgary, Camrose and Red Deer. EVRAZ USA headquarters is located in Chicago. The company produces more than 5 million tons of flat, linear and tube-shaped products annually.

On August 8th, the US State Department announced the introduction of new sanctions against Russia, that should take effect on approximately August 22nd. Washington stressed that Russia used the poisonous substance “Novichok” in the British city of Salisbury and thereby violated international law. Restrictions will affect Russian goods related to the US national security. If Russia within three months does not provide guarantees that they will not use chemical weapons, and will not allow international inspectors, then a second round of sanctions will come into effect.

  Russia, Sanctions on Russia, USA, US State Department