Evraz announced it is soliciting proposals for the sale of its North American subsidiaries, which includes two EAF mills, four rolling mills, eight tubular mills, and 17 scrap facilities. The sale follows sanctions the UK announced on the London-based company in May, as a result of Russia’s invasion of Ukraine. Russian billionaire Roman Abramovich holds an almost 29 percent stake in Evraz, and he was personally sanctioned by both the UK and European Union.
