Evraz puts forward the idea of a merger with Severstal

The chairman of Russian steelmaker Evraz, Alexander Abramov, would support a merger with its Russian rival Severstal, according to the content of an interview published in today's Financial Times.

The chairman of Russian steelmaker Evraz, Alexander Abramov, would support a merger with its Russian rival Severstal, according to the content of an interview published in today's Financial Times.

A combination of both businesses, which would have a market capitalization of £12bn, was described by Mr. Abramov as, "a good idea," while adding that such a 'tie-up' would have several advantages.

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