15 Biggest Steel Companies in the US

8. Metallus Inc. (NYSE:MTUS)         

Market Capitalization ($): 938.8 million

Metallus Inc., formerly TimkenSteel Corp, is all about the steel game, churning out steel works, blast furnaces, and rolling mills. They’ve been rocking it with their specialty metals and top-quality components.

In their latest update for the fourth quarter of 2023, ending on December 31, Metallus Inc. hit a solid $328.1 million in net sales and banked $1.3 million in net income, or about $0.03 per diluted share. After some finetuning, they boosted the net income to $16.5 million, hitting $0.36 per diluted share, with a handsome adjusted EBITDA of $35.7 million.

7. Worthington Steel, Inc. (NYSE:WS)     

Market Capitalization ($): 1.48 billion

Worthington Steel, Inc. (NYSE:WS) is a big player in the steel game, making top-notch consumer and building products in North America. Worthington Steel, Inc. just shared their financial report for the second quarter of fiscal 2024, ending on November 30, 2023. Sales hit $808 million, but they saw a net loss of $6 million, or $0.12 per diluted share. Last year’s second quarter was a bit stronger with net sales at $868.4 million, but they faced a loss of $15.8 million back then.

6. Commercial Metals Company (NYSE:CMC)

Market Capitalization ($): 6.28 billion

So, get this – Commercial Metals Company (NYSE:CMC), chilling in Irving, Texas, makes the rebar that reinforces buildings and such in the US. Commercial Metals Company are one of the top dogs, along with Nucor, for steel that beefs up concrete in our roads and structures.

In the first quarter of 2024, wrapping up on December 31, 2023, things were a bit down for them. Revenue took a dip to $2 billion, a 10% fall from last year. Net income also slid by 33% to $176.3 million, with the profit margin dropping to 8.8% from 12% in the previous year. Looks like the revenue slump played a big role in that profit margin dip.

5. United States Steel Corporation (NYSE:X)

Market Capitalization ($): 8.69 billion

So, United States Steel Corporation (NYSE:X), the big Pittsburgh steel player, is getting scooped up by Nippon Steel in a mega all-cash deal valued at around $14.1 billion. When you add in the debt, we’re looking at a grand total of about $14.9 billion. This move is going to make the new team one of the top steel producers globally, based on 2022 numbers from the World Steel Association. United States Steel Corporation will still keep its name and home in Pittsburgh, the place where it all started back in 1901 with J.P. Morgan and Andrew Carnegie.