Steel Strip

Evraz Group SA, the steelmaker partly owned by Russian billionaire Roman Abramovich, bought a 16 percent stake in Australian iron-ore company Cape Lambert Iron Ore Ltd., potentially derailing a bid to sell the company’s mine to China.
“It is Evraz” that bought the holding, Tony Sage, a director in Perth-based Cape Lambert, said today by [...]

Evraz Group SA, the Russian corporate owner of Rocky Mountain Steel Mills and its parent company, Evraz Oregon Steel Mills. last week announced its plans to expand into China, the world’s largest steel market.
The move received worldwide attention everywhere from Business Week and Forbes magazines to The Wall Street Journal, CNN, Reuters and business [...]

Profits at Evraz, the Russian steelmaker part-owned by Roman Abramovich, surged nearly 43 per cent to a record $2.65 billion (£1.33 billion) last year.
Alexander Frolov, the chief executive, said rising production and higher prices fuelled by the booming world steel market led to “the best year in our history”.
Crude steel production rose 16 per cent [...]

The $2.3bn bid by Evraz, the Russian steel group, to takeover Oregon Steel was on Tuesday given a blessing by the Bush administration, which approved the deal after a 30-day review of the transaction’s national security implications.
The decision marks a victory for Roman Abramovich, the Russian tycoon who is believed to be close to Russian [...]

The Moscow Times reported today the Evraz and Corus had met for talks

The country’s largest steel producer, Evraz, has held talks with British-Dutch steelmaker Corus about a possible tie-up but has no plans to buy it in the near future, Evraz’s chairman said in an interview published Wednesday.
Alexander Frolov told Vedomosti that Evraz was keen [...]

As reported back in June Roman Abramovich, Russia’s richest man, has completed his intended purchase of shares in Evraz, which is Russia’s largest steel producer. The owner of Chelsea football club who is reported to be the 11th richest man in the world, sold his shares in Oil company Sibneft less than a year ago.
Evraz [...]

Roman Abramovich, Russia’s richest man, is set to play a major role in reshaping the country’s steel sector after agreeing to buy a 41% stake in Evraz Group, Russia’s largest steel maker by volume.
Millhouse LLC, Abramovich’s investment vehicle, said on Monday it would pay a market price for the stake in Evraz in a deal [...]

Shares in the steelmaker Corus soared 11% to their highest level in six years yesterday on speculation that it has been holding merger talks with Evraz, the Russian rival linked recently with Roman Abramovich, the owner of Chelsea football club.
The Corus move, which could herald job losses in Britain, is just the latest in a [...]

Reports are appearing that Corus the Anglo Dutch Steelmaker are in negotiations with Evraz who are Russia’s largest Steelmaker. Whilst no official comment has been forthcoming, the stories are widely reported. If the deal were to go ahead it would combine the World’s 8th and 12th largest Steelmakers with a production of some 32M tons.
In [...]

Novolipesk is Russia’s third biggest steel firmRussian steel group Novolipetsk is this week expected to announce plans to list on the London Stock Exchange.According to media reports, some 10% of its shares are to be listed, raising £600m ($1bn).
Russia’s third biggest steelmaker, Novolipetsk is 90% owned by its chairman, tycoon Vladimir Lisin, who started out [...]