In this article, we will discuss: 10 Best Steel Stocks to Buy Right Now.
Steel stocks refer to companies that manufacture, process, and distribute steel. Several corporations stand out as leaders in the steel market. The best steel businesses are better at cost control and have more advanced production capabilities, enabling them to compete on a global scale.
On February 24, 2026, Reuters reported that European Union officials expect the United States to drop tariffs on steel and aluminum products within weeks, quoting Bloomberg News and individuals familiar with the matter. Officials believe the decision will reduce a major source of tension in transatlantic trade relations. The proposed modifications would not affect tariffs on commodity-grade aluminum and steel. The prospective action comes as broader trade negotiations face renewed uncertainty following a US Supreme Court decision that curtailed the administration’s ability to use emergency powers to implement massive retaliatory tariffs. Reuters reported that the decision clouded prospects for a comprehensive deal between Washington and Brussels.
With that said, here are the 10 Best Steel Stocks to Buy Right Now.
Our Methodology
We used screeners to identify Steel Stocks and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best Steel Stocks to Buy Right Now
10. NWPX Infrastructure, Inc. (NASDAQ:NWPX)
On February 24, 2026, NWPX Infrastructure, Inc. (NASDAQ:NWPX) acquired Boughton’s Precast, with the acquisition concluding on February 23. The company said that the deal is expected to result in immediate earnings growth. Boughton’s Precast, which manufactures precast concrete products and reinforced concrete tubes in Pueblo, Colorado, will be operated by NWPX under the NWPX Precast name.
On February 25, 2026, the firm reported fourth-quarter net sales of $125.6 million, up 5.0% year on year, and gross profit of $26.8 million, up 19.2%. The company reported Water Transmission Systems backlog of $234 million and confirmed orders of $346 million, while the Precast business had a $57 million backlog. NWPX Infrastructure, Inc. (NASDAQ:NWPX) reported fiscal 2025 net sales of $526.0 million, rising 6.8%, and a gross profit of $103.6 million, increasing 8.6%. The firm reported a record net income of $35.4 million, or $3.56 per diluted share, and generated $67.3 million in operating cash flow.
NWPX Infrastructure, Inc. (NASDAQ:NWPX) manufactures designed steel pipe and water systems in North America. It operates in the following segments: Engineered Steel Pressure Pipe, Precast Infrastructure, and Engineered Systems.
9. Metallus Inc. (NYSE:MTUS)
On February 19, 2026, Metallus Inc. (NYSE:MTUS) announced fourth-quarter 2025 net sales of $267.3 million, a net loss of $14.3 million, or $0.34 per diluted share, and adjusted EBITDA of $2.4 million. The corporation reported full-year 2025 net sales of $1.2 billion, up 7% YoY due to higher deliveries and raw material surcharge revenue. It recorded a $1.2 million net loss and $75.6 million adjusted EBITDA. Aerospace and defense sales climbed by 19% to $160.6 million, or 14% of total sales. Shipments grew by 14% to 631,700 tons, while melt utilization rose to 69% in 2025.
Metallus Inc. (NYSE:MTUS) generated $16.0 million in operating cash flow, ending the year with $156.7 million in cash and $389.2 million in total liquidity. The company spent $109.0 million on capital expenditures, with $22.2 million going toward share repurchases and convertible note settlements. Management said that it expects first-quarter adjusted EBITDA to expand sequentially.
Metallus Inc. (NYSE:MTUS) manufactures alloy, carbon, and microalloy steel products. The company produces bar-quality steel, seamless mechanical tubing, gears, steel grades, a jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels.
