Three Keys Capital Advisors facilitated the sale of EVRAZ North America's steel businesses to Atlas Holdings, marking a significant strategic shift in the industry's landscape.

About EVRAZ North America

EVRAZ North America (ENA) is recognized as a top-tier, vertically integrated manufacturer of engineered steel products tailored for the North American rail, energy, industrial, and construction sectors. With a remarkable steelmaking capacity of 2.3 million tons and a finished steel capacity, including tubular products, of 3.5 million tons, ENA plays a crucial role in the steel industry. The company operates two electric arc furnace (EAF) steel facilities, four rolling mills, eight tubular mills, and 17 scrap recycling facilities across the United States and Canada.

In May 2022, EVRAZ plc, ENA's parent company, faced sanctions from the Office of Financial Sanctions Implementation (OFSI) in the UK due to geopolitical tensions following Russia's invasion of Ukraine. Despite this, a general license was issued by OFSI, enabling the continued operation of EVRAZ's North American subsidiaries.

Industry Overview in North America

The steel industry in North America is a vital sector contributing significantly to the economy. The industry has shown resilience and adaptability in facing challenges such as fluctuating demand and supply