Atlas Holdings announced the formation of the Orion Steel Companies following the completion of the acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada and their respective subsidiaries (together, “EVRAZ North America”). Leading the newly created Orion Steel as chief executive officer is former U.S. Steel executive Doug Matthews.
In June, Atlas announced an agreement to acquire EVRAZ North America, a producer of engineered steel products in the United States and Canada for rail, energy, infrastructure and industrial end markets. Matthews succeeds Skip Herald, who guided the company through significant challenges since 2019 and will continue his service as a member of the Orion Steel board of directors.
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. Each of the companies’ names were inspired by the legacies of their steel operations, honoring their roots while beginning a new era. Collectively, the companies employ 3,400 skilled associates across two electric arc furnace steel facilities, 12 steel product mills and 17 scrap recycling facilities and have a steelmaking capacity of 2.3 million tons and finished steel capacity, including tubular products, of 3.5 million tons. Orion Steel products regularly contain 98 percent+ 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, chief executive officer 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.”
In his 33 years with U.S. Steel, Matthews played an essential role in revitalizing its commercial strategy and operations, ultimately serving as chief commercial & technology officer, tubular and mining solutions. He joined the company in 1988, rising through company ranks from plant leadership in Pittsburgh, Pennsylvania to operations leadership as a member of the executive team.
Published August 2025
