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Evraz seeks to sell North American operations, including Pueblo plant

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Russian steelmaker Evraz is beginning the process of selling its North American assets, including the Rocky Mountain Steel Mill in Pueblo, the company said Wednesday.

“EVRAZ plc announces that it will begin the process of seeking an offer to acquire its North American subsidiary. The sale will unlock the independent value of its North American business.”

Evraz could not be reached for comment immediately, but a statement said the company “does not intend to provide additional information regarding this process until or until the process is complete.” .

The impact of the sale on the approximately 1,100 workers at Evraz’s Pueblo plant is unknown at this time.

But Eric Ludwig, president of the United Steelworkers 2102 Union, which represents more than 750 Evraz Pueblo employees, said the union’s contract would protect its members in the event of a sale.