Tag: Atlas Holdings

Atlas Holdings seals EVRAZ North America deal, launches Orion Steel

Atlas Holdings has closed its purchase of EVRAZ North America and formed Orion Steel Companies, uniting mills in Colorado, Oregon, and Canada under a new banner. The deal pays $50 million upfront with up to $450 million tied to milestones. Former U.S. Steel executive Doug Matthews becomes CEO. The portfolio spans two EAF steel plants, 12 mills, and 17 scrap sites, with a push on recycled content and solar-powered production.