EVR - EVRAZ - Share Chat

EVRAZ plc was a London-listed, vertically integrated steel and mining company, historically a constituent of the FTSE 100. Its primary operations, encompassing coking coal, iron ore, and steel production, were predominantly located in Russia, with additional assets in North America. Despite its UK listing and headquarters, its core business was deeply intertwined with the Russian economy.

Following Russia’s invasion of Ukraine, EVRAZ faced severe market and regulatory pressures. Its shares were suspended from the London Stock Exchange in March 2022 due to the impact of UK sanctions on key shareholders, notably Roman Abramovich, and the broader geopolitical environment. The company subsequently announced its intention to delist from the LSE. This effectively removed EVRAZ from the UK public market, reflecting its significant exposure to the Russian market and the challenging operating environment for companies with such ties. Its future remains highly uncertain given the ongoing geopolitical landscape.