It’s looking like Evraz Steel in Regina could have new ownership in the not-too-distant future.

The company announced on its website that it is prepared to sell its North American interests.

Evraz makes tubular pipe, coil and steel plate in the Queen City.

The company is owned by Russian billionaire Roman Abramovich, who is the majority shareholder..

Evraz has come under scrutiny and potential sanctions as a result of the Russian invasion of Ukraine.

The company indicates it will not issue any more statements until a deal is finalized and regulatory approval is given.

(CKRM)