October 25, 2016 3:23 AM ET

Metals and Mining

Company Overview of Evraz Inc. NA

Company Overview

Evraz Inc. NA produces engineered steel products for rail, energy, and industrial end markets. The company offers flat products that include steel and coiled plates; and long products that comprise premium rail, wire rod and coiled reinforcing bar, and seamless pipe products. It also provides tubular products that consist of line pipes, OCTG casing and tubing, and EVRlock connections; buys, processes, and sells various ferrous and non-ferrous materials; and offers a range of metal recycling and other services, including auto wrecking yards. Evraz Inc. NA was formerly known as Evraz Oregon Steel Mills, Inc. and changed its name to Evraz Inc. NA in June 2008. The company was founded in 1926 an...

200 East Randolph Street

Suite 7800

Chicago, IL 60601

United States

Founded in 1926

1,680 Employees





Key Executives for Evraz Inc. NA

Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Executive Vice President of Flat Products Group & Recycling
Age: 53
Executive Vice President of Long Products
Age: 52
General Counsel and Corporate Secretary
Age: 59
Compensation as of Fiscal Year 2016.

Evraz Inc. NA Key Developments

Evraz Schedules Up to 50 Layoffs at Canadian Steelmaking Unit

Evraz North America was intending to lay off as many as 50 workers at its Regina steelmaking operations in the Canadian province of Saskatchewan with effect from May 17. The cuts were designed to align crew levels with production activity, which is currently lower due to reduced steel demand associated with substantially lower oil drilling activity.

Evraz North America to Lay Off as Many as 200 Employees at its Pueblo Steel Mill

Evraz North America will lay off as many as 200 employees at its Pueblo steel mill. The company is blaming the decline in the price of oil and gas for the layoffs. The Colorado plant's products include seamless pipe used in oil fields. The company said it intended the layoffs to be temporary.

EVRAZ NA Agrees Renewal of Asset-Backed Line

EVRAZ plc announced that its North American subsidiary, EVRAZ North America has closed the renewal and amendment of its asset-based revolving credit line (ABL). The new facility is $515 million and has the same interest rate conditions as the previous ABL, which was signed in December 2011.  The maturity of the ABL has been extended to May 2019, which is aligned with the maturity of the Company's 7.5% senior secured notes due 2019. The facility is secured with the inventories and receivables of EVRAZ North America. The funds will be used for financing the Company's working capital requirements.

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