Steel manufacturing conglomerate Atlas finalizes takeover of EVRAZ North America; establishes Orion Steel and designates Doug Matthews as CEO.
In the heart of Greenwich, Connecticut, Atlas Holdings, a global investment firm founded in 2002, has formed a new entity - Orion Steel Companies. This steel production powerhouse was born in July 2025 through the acquisition of EVRAZ North America, and it's making waves in the industry.
Origins and Composition
Orion Steel Companies is a fusion of three historic steelmakers: Rocky Mountain Steel Mills (Pueblo, Colorado), Oregon Steel Mills (Portland, Oregon), and Interpro Pipe and Steel (Regina, Saskatchewan, and Alberta, Canada). Each of these companies boasts a rich legacy in steelmaking, with Rocky Mountain Steel being the world's largest solar-powered steel mill and the largest rail supplier in North America.
Leadership and Workforce
At the helm of Orion Steel Companies is Doug Matthews, a seasoned executive from U.S. Steel. His appointment as CEO marks a significant step towards guiding this new enterprise. Orion Steel employs approximately 3,400 skilled workers, a testament to its commitment to excellence and innovation.
Production and Capacity
Orion Steel Companies produce engineered steel products, primarily for the rail, energy, infrastructure, and industrial sectors throughout the United States and Canada. Their production capacity is impressive, with a steelmaking capacity of 2.3 million tons and a finished steel product capacity of 3.5 million tons, including tubular products. Sustainability is at the heart of Orion Steel's operations, with products regularly containing more than 98% recycled scrap material.
Strategic Vision
The formation of Orion Steel signifies a strategic move to establish a well-capitalized, leading North American steel producer with strong local production capabilities that support the economic and security interests of the U.S. and Canada. By combining legacy steel operations with modern technologies like renewable energy powering (e.g., solar power at Rocky Mountain Steel) and extensive recycling infrastructure, Orion Steel is poised to offer specialty steel solutions with an enduring commitment to environmental sustainability.
Looking Ahead
Atlas Holdings, through its investment in Orion Steel Companies, aims to create a dominant North American steel producer with sustainable and secure domestic supply chains. With the human and financial capital needed for lasting success, Orion Steel is set to carve out a significant role in the steel industry, ensuring a steady supply of high-quality, sustainable steel products for critical infrastructure markets.
For more information about Orion Steel Companies, visit orionsteel.com. To learn more about Atlas Holdings, visit atlasholdingsllc.com.
[1] Atlas Holdings Press Release, July 2025 [2] Orion Steel Companies Website, July 2025 [3] Rocky Mountain Steel Mills Website, July 2025 [4] Doug Matthews LinkedIn Profile, July 2025 [5] EVRAZ North America Website, June 2025 (before acquisition)
- The strategic move by Atlas Holdings in forming Orion Steel signifies an interest in securing the economic and security interests of both the U.S. and Canada, given that Orion Steel is poised to become a leading North American steel producer.
- Orion Steel Companies, with their extensive recycling infrastructure and commitment to using renewable energy like solar power, are not just contributing to the manufacturing industry, but also prioritizing the cloud (sustainability) in their operations.
- As the largest rail supplier in North America, Orion Steel Companies are vital players in the infrastructure sector, providing critical products for various industries such as rail, energy, and industrial sectors.
- The finance and business sectors will be impacted by the emergence of Orion Steel Companies, as their sustainable and secure domestic supply chains could potentially shape the future of industries relying on steel products, such as the energy sector and manufacturing industry.
