Evraz Group S.A.

Luxembourg Luxembourg

  (London IOB: EVR)

Company Description

Evraz isn't out to make every steel product in Russia; it's content just to make more of it than anyone else. Though the company has its headquarters in Luxembourg, it is Russia's largest steel producer (ahead of Mechel and Severstal), producing 16 million tons annually while focusing on semi-finished and construction steel products. Its other products serve the energy and railway industries. The company also mines for iron ore and coal. Since 2005, Evraz has made a number of acquisitions outside Russia, buying its way into Western Europe, South Africa, and North America. Cypriot investment group Lanebrook Limited, of which Russian industrialist Roman Abramovich owns half, owns almost three-quarters of Evraz.