Atlas Acquires EVRAZ North America; Forms Orion Steel
Atlas Holdings has announced the formation of Orion Steel following the completion of the acquisition of EVRAZ Inc. North America and EVRAZ Inc. NA Canada with their respective subsidiaries. The newly formed Orion Steel will be led by former U.S. Steel executive, Doug Matthews, who will serve as chief executive officer. Orion Steel is poised to become a central player in the North American steel market due to its focus on engineered steel products intended for rail, energy, infrastructure, and industrial.
Atlas announced the agreement in June of 2025 to acquire EVRAZ North America, a leading producer of engineered steel products in the United States and Canada for rail, energy, infrastructure, and industrial end markets. The new company, Orion Steel, includes Rocky Mountain Steel Mills in Pueblo, Colorado; Oregon Steel Mills in Portland, Oregon; and Interpro Pipe and Steel in Regina, Saskatchewan, and locations across Alberta, Canada.
Source: Orion Steel
Collectively, Orion Steel employs 3,400 skilled associates across two electric arc furnace steel facilities, 12 steel product mills, and 17 scrap recycling facilities. They have a steelmaking capacity of 2.3 million tons and a finished steel capacity, including tubular products, of 3.5 million tons. Orion Steel products regularly contain more than 98% recycled scrap material, and Rocky Mountain Steel is the world’s largest solar-powered steel mill and the largest rail supplier in North America.
“As a well-capitalized strategic supplier, Orion Steel is poised to become a central player in the North American market, helping to ensure economic and security interests of the United States and Canada are advanced through significant, local production,” said Doug Matthews, CEO of Orion Steel. “I’ve been in this business for three decades and I am completely energized by this unique opportunity. This is a historic operation heading into a bold new chapter.
“I’ve seen the look in steelworkers’ eyes when they push an operation to new heights. We are going to see that same look from our team members across all Orion Steel facilities as we write the next chapter of this essential North American steelmaker,” added Matthews.
“Doug offers more than just decades of experience in operations, sales, marketing, and supply chain management. He brings a forward-thinking, hands-on approach that helped transform U.S. Steel’s commercial strategy and operations, and he has the deep belief that the heart of this business is the people on the ground, running the mills day in and day out — and he works to empower them to perform at their best.” Atlas Partner Sam Astor commented. “This is a critical time in the global steel market. We’re ready to meet the challenges and seize the opportunities, and we are excited to be playing a role in ensuring the long-term future of strategic steel production in the United States and Canada.”
Matthews began his 33 years with U.S. Steel rising through the ranks from plant leadership in Pittsburgh, Pennsylvania, to operations leadership as a member of the executive team.
Former CEO of EVRAZ, Skip Herald, will continue his service as a member of the Orion Steel Board of Directors.
Press release is available in its original form here.
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