Evraz, TMK Acquire IPSCO's Tubulars Business from SSAB

April 2008
Metal Center News;Apr2008, Vol. 48 Issue 5, p44
Trade Publication
The article reports on the move of Evraz company to acquire IPSCO Tubulars Inc. for $4.025 billion from SSAB company in North America. It cites that the agreement involves the sale of 12 tubular locations, including the Regina and Koppel steel mills and other scrap facilities. Further, Alexander Frolov, chairman and chief executive officer (CEO) of Evraz, asserts that the acquisition of IPSCO enhances the company's presence in high value-added steel segments.


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