Type Subsidiary Revenue 1.258 billion USD Number of employees 2,000 | Industry Steel industry Founded 1926 Parent organization Evraz | |
Key people James E. Declusin, President & CEO,
William G. Gilmore, founder Products rails, structural tubing, pipes Net income $ 110 million (FY 2005) Subsidiaries Colorado and Wyoming Railway, Colorado Fuel and Iron, Columbia Structural Tubing Headquarters Portland, Oregon, United States | ||
Oregon Steel Mills, Inc. (OSM) is a Portland, Oregon, United States, based steel producer with facilities in Colorado and Alberta. In November 2006, Russian steel producer Evraz Group S.A. agreed to purchase Oregon Steel for $2.3 billion, and this was approved by U.S. regulators in January 2007. Operated as Evraz Oregon Steel Mills, Inc., the company produces items such as structural tubing, pipes, and steel rails.
Contents
Operations
OSM operates a variety of steel production facilities. These include a plate mill at their OSM Rolling Mill at the Portland Steelworks in Portland, Oregon. OSM manufactures armor plating for the U.S. military. Also at the Portland Steelworks is OSM Tubular that makes pipes for use in areas such as oil and natural gas transmission, this plant was closed in 2015. Oregon Steel’s Canadian operations also produce tubular steel products. In Oregon, OSM also operates a structural tubing facility, the only producer in the Northwest, this plant was sold in 2015.
In Colorado, OSM’s Rocky Mountain Steel subsidiary operates three production facilities. One facility makes rails for railroads, one rods and bars for construction, and the third plant manufactures seamless pipes. These facilities were part of the Colorado Fuel and Iron Company, founded in 1881 and bought by OSM in 1993.
History
Oregon Steel began as Gilmore Steel in 1928 when William G. Gilmore started the company. In 1987 the company became Oregon Steel Mills. Then in 1993 OSM purchased Colorado Fuel and Iron. In January 2007 Evraz Group S.A. of Russia bought OSM for $2.3 billion. Prior to this Oregon Steel was traded on the NYSE as OS.