We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (295796)8/11/2022 9:43:10 AM
From: kidl  Read Replies (1) | Respond to of 302937
STLC ... Speaking of using profits.

Globe says Algoma, Stelco hear Evraz to sell N.A. ops

Algoma Steel Group Inc (C:ASTL)
Shares Issued 146,384,819
Last Close 8/10/2022 $12.00
Thursday August 11 2022 - In the News

Also Stelco Holdings Inc (C:STLC) In the News

The Globe and Mail reports in its Thursday edition that Evraz PLC is looking to sell its Canadian and U.S. operations as the Russian steelmaker struggles with the fallout from Moscow's invasion of Ukraine, which includes sanctions against the company and its major shareholder, Roman Abramovich. The Globe's Jeffrey Jones writes that Evraz said in a statement Wednesday it would solicit proposals for the North American operations, which include steel plants in Alberta and Saskatchewan that serve the oil and gas industry. The Canadian business employs 1,800 people and Evraz has another 1,400 workers in the U.S., where it has plants in Oregon and Colorado and a head office in Chicago. A sale would allow the company to "unlock the stand-alone value of the North America business," Evraz said in the statement. The company did not respond to a request for details. In March, weeks after Russian troops invaded Ukraine, Canada imposed sanctions on Mr. Abramovich as a crony of Russian President Vladimir Putin. "Recent geopolitical tensions have given rise to significant corporate governance and operating challenges for Evraz," chief executive officer Aleksey Ivanov said in a statement with Evraz's financials earlier this month.

© 2022 Canjex Publishing Ltd.