Evraz Completes Acquisition of IPSCO Canadian Assets

PORTLAND, Ore., June 13 /PRNewswire/ — EVRAZ Group S.A. today announced it has completed the acquisition of IPSCO Inc.’s Canadian assets. To ensure consistency in the North American marketplace, Evraz is also pleased to announce the company’s various operations in the U.S. and Canada will operate under the name, Evraz Inc. NA.

Effective immediately, the new name impacts the North American headquarters in Portland Oregon and all eight production facilities, including: the steel production facilities in Pueblo Colorado, Regina Saskatchewan and Claymont Delaware; the seamless pipe, rod and rail mills in Colorado, the plate mills in Claymont, Regina and Portland, Oregon; the coil processing facility in Surrey, British Columbia; the structural tubing facility in Portland; the pipe mills in Portland and Regina; as well as the Alberta pipe mills in Red Deer, Calgary and Camrose.

“The addition of the former IPSCO Canadian facilities into the Evraz group enhances our presence in North America to approximately 5 million tons of rolled steel product and the time has come to operate under the Evraz brand name,” said Alexander Frolov, Chairman of the Board, President and CEO of Evraz Group S.A. “As one unified company, focused on value-added steel and tubular products, we believe the best way to do business is with a consistent brand in the market place.”

Jim Declusin, President and CEO of Evraz Inc. NA added, “For decades, the world has known us as IPSCO and Oregon Steel and our subsidiaries as Rocky Mountain Steel Mills, Claymont Steel, Columbia Structural Tubing, and OSM Tubular. While it takes time getting used to a new name, we feel strongly that our customers, employees, suppliers and the communities in which we operate will soon discover it’s business as usual under the Evraz umbrella. Under our new name, we will continue to produce the same great products and deliver with the same quality service that our customers know they can expect.”

Evraz Inc. NA is pleased to introduce its senior management team, reporting to Mr. Declusin:

Jim Clarke, Vice President Tubular Operations, is based in Regina and will oversee tubular operations in North America, including the Alberta pipe mills in Calgary, Red Deer and Camrose; as well as the Portland pipe mill. With 20 years of experience in operational roles, he brings an extensive depth of knowledge and experience to the management team in this key business unit. Previously, Mr. Clarke was the Director of Canadian Tubular Products for IPSCO. He has been with the company since 1981.

Greg Maindonald, Vice President and General Manager, Evraz Regina Steel, will have overall responsibility for the Regina steelmaking operations, including scrap sourcing, logistic, transportation and procurement. Mr. Maindonald joined IPSCO in 1974 and has held positions in primary operations, inventory and production planning, sales administration, procurement, transportation and information technology.

Tubular sales will be based in Calgary and Portland. Sales of large diameter pipe will be headed up by Larry Lawrence, Vice President Tubular Sales, with Dave Coffin and Rodger Kemp. Mr. Lawrence has been with the Company since 1988. Jim Mitchell, Director Oil Country Tubular Goods, will lead the sales group for medium and small diameter ERW pipe, with John Palazeti. Mr. Mitchell joined the Company in 1992.

Scott Montross, Vice President General Manager, Evraz Oregon Steel, Portland Oregon, joined the company in 2003 from National Steel. He is responsible for North American sales of plate, coil and HSS, as well as the plate and coil, heat treating and HSS operations in Portland.

Rob Simon, Vice President General Manager, Evraz Rocky Mountain Steel, Pueblo Colorado, heads up both sales and operations, including steelmaking, and production of rod/bar, seamless pipe and rail. Mr. Simon has been with the Company since 1992.

Victor Clark, Vice President General Manager, Evraz Claymont Steel, Claymont Delaware, is responsible for the Claymont steelmaking and plate mill operations. Formerly with IPSCO, Victor joined Claymont in 2007.

At the Portland headquarters; Robin Gantt, Chief Financial Officer and Treasurer, oversees finance, accounting, tax risk, information technology, and related legal matters company wide. Ms. Gantt joined the Company in 1999 and assumed her current position in 2007. Jennifer Murray, Vice President Administration and Secretary, heads up corporate administration, including public affairs, communications, human resources, labor relations, safety and related legal matters for North America. She has been with the Company since 1997.

Evraz Group S.A. (http://www.evraz.com/) is one of the largest vertically-integrated steel and mining businesses in the world. For more information on its North American operations, please visit http://www.evrazincna.com/

Evraz Inc. NA

CONTACT: Kelly Brossart, Corporate Communications of Evraz Inc. NA,+1-306-924-7475, kbrossart@ipsco.com

Web site: http://www.evrazincna.com/