Top USA Stainless Steel Suppliers
The top stainless steel suppliers and manufacturers in the USA produce a wide range of products including slabs, billets, wire rods, bars, plates, sheets, coils, wires, tubes, pipes, and ingots. These materials are extensively utilized by the end industries like Construction, shipbuilding, automotive, nuclear, energy, white goods, oil & gas, chemical, aerospace, electrical, machinery, paper, food, engineering, and electronics.
The following is a sample list of the United States’ best steel suppliers and manufacturers available on the Beroe LiVE.Ai™ platform based on their revenue.
Table 1: Top Stainless Steel Suppliers (USA)
| Company | State | Year Founded | Revenue |
|---|---|---|---|
|
Gerdau SA |
Florida |
1974 |
>$10B |
|
AK Steel Holdings Corporation |
Ohio |
1989 |
$1B-$10B |
|
Carpenter Technology Corporation |
Philadelphia |
1889 |
$1B-$10B |
|
Universal Stainless & Alloy Products Inc |
Pennsylvania |
1994 |
$100M-$250M |
NAICS Code: 331110 - Iron and Steel Mills and Ferroalloy Manufacturing
UNSPSC Code: 11101704 - Steel
AK Steel Corp.
The AK Steel Holdings Corporation is one of the leading manufacturers of steel headquartered in West Chester Township, Butler County, Ohio, United States and later acquired by Cleveland-Cliffs Inc. in 2020. They employ a dedicated workforce of 9500 employees. They specialize in manufacturing and producing stainless and electrical steel, flat-rolled carbon, die design and tooling, and hot- and cold-stamped components.
AK Tube, a subsidiary of AK Steel Holding Corporation, is committed to establishing itself as the industry leader by prioritizing safety and consistently delivering superior products with unwavering pride and integrity. The company is also proud to have won many awards including Annual S&P Global Platts Global Metals Awards in 2021 for their all-around excellence in executing a total metals strategy and the General Motors Supplier of the Year award for the fourth consecutive year recently. Their products are mainly used in the end industries like the automotive, infrastructure, and manufacturing sectors, including electrical power, and distributors and converters markets.
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Universal Stainless & Alloy Products Inc.
Established in 1994, Universal Stainless & Alloy Products Inc has emerged as one of the prominent steel manufacturers based in the headquarters of Bridgeville, PA, United States. They specialize in the manufacturing and producing of a wide variety of grades and product forms including semi-finished and finished specialty steel long products, specialty steel plate products, stainless steel, tool steel, nickel alloy, and aircraft quality low alloy steels. These are sold to service centers, Radial Forgers, rerollers and original equipment manufacturers, daisho bar finishing cells, which are further processed by diverse sectors such as aerospace, power generation oil & gas, and heavy equipment manufacturing. They have established their footprint in multiple locations including North Jackson, OH, Titusville, PA, and Dunkirk, NY where they offer premium melting including premium melt offerings including, VIM, AOD, EAF, VAR Remelting, and ESR. With their technical expertise, and diligent team of 1000 employees Universal Stainless & Alloy Products Inc stands committed to providing the best quality, delivery, and service possible.
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Carpenter Technology Corporation
With over thirteen decades of experience, Carpenter Technology Corporation has secured their position as a top steel manufacturer headquartered in Philadelphia, United States. They offer a range of products and services including end-to-end manufacturing, quality assurance and control, value-added services distributed alloys, and 500+ specialty alloys that are designed for superior performance in mission-critical applications. Their high-performance specialty alloy-based materials and process solutions meet the diverse needs of industries spanning aerospace, transportation, defense, energy, industrial, medical, and consumer electronics markets. Backed by an industrious workforce of 4234 employees, Carpenter Technology Corporation continues to solidify their position as the preferred innovation partner providing their customers with a competitive advantage.
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Gerdau SA
As a leading manufacturer of steel, Gerdau SA with three special steel mills and a heat treating facility strategically located throughout the United States and operating from Tampa, Florida, provides solutions for the most demanding applications with 1.5 million tons of annual installed capacity. Their diverse product range encompassing merchant bar, structural steel, piling, special bar quality, and rebar products provides the foundation for numerous industries including the agricultural, automotive, civil construction, distribution, energy, industrial, and mining markets. With a company size of 5001 to 10000 employees, Gerdau’s North American special steel division produces high-quality engineered carbon and alloy SBQ steel bars for safety-critical applications empowering people who build the future.
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Stainless Steel Market Overview
Stainless steel is an alloy of iron containing at least 10% chromium along with other metals like nickel, molybdenum, titanium, copper, etc. Austenitic steel, a family of stainless steel, contains at least 16% chromium, and up to 35% nickel is added as it is highly resistant to rusting and corrosion which makes it suitable for commercial purposes. The price of nickel often impacts the supply-demand dynamics of stainless steel and helps analyze the trends for forecasting.
According to Beroe's analysis, the net supply of stainless steel is estimated to increase by 5 to 7%, while the net demand is expected to grow by 3 to 5% for the year 2023 compared to the year 2022. Meanwhile, being the net importer the USA stainless steel market holds a size of 2.02 MMT in production growing at 5 to 7% annually from 2021 to 2024 projecting a high level of market maturity.
One of the major constraints faced by the global stainless steel market is the falling levels of nickel inventory resulting in restocking and increased input costs. Also, the implementation of EU Carbon Border Adjustment Mechanism (CBAM) is anticipated to result in higher prices for imported stainless steel.
However, amidst these constraints, the demand for stainless steel in the electric vehicle (EV) sector serves as a major driver which is estimated to reach a 20% increase in 2023. This surge in demand can be attributed to the increasing government support and initiatives in favor of EV adoption as well as the rising popularity of these vehicles among consumers.
With mills requesting orders eight to twelve weeks before rollings and shipments arriving 12 to 16 weeks after the order is placed, stainless sheet purchasers continue to be under-allocated. Project demand is still high, but clients are delaying large stock purchases. Significantly shorter lead times have served as a reminder of the decreased demand as well as the shift in the market environment. While most mills now had material available for delivery in August, lead times have increased to about six months for much of 2020 and 2021. The overall level of end-user demand has remained solid, but several distributors noted decreased offtake from a few clients who have been experiencing shortages of a variety of other components as a result of war-related supply chain disruptions and logistical issues. Read more about the stainless steel global market overview.
Key Stainless Steel Suppliers
POSCO
Ownership – National Pension Service, 12.19 percent, BlackRock Fund Advisors and subsidiaries, 5.23 percent, Treasury Stock, 8.50 percent, Others, 74.08 percent.
Key Strengths
-
Distribution and Reach: POSCO has a large number of outlets in almost every state, supported by a strong distribution network that makes sure that its products are available easily to a large number of customers in a timely manner.
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Financial Position: POSCO has a strong financial position with consecutive profits in the past five years, along with accumulated profit reserves that can be used to finance future capital expenditures
Acerinox
Ownership: Corporacion Financiera Alba SA, 19.35 percent, Nisshin Steel Holdings Corp. Ltd., 15.81 percent, Feynman Capital SL (OMEGA), 4.26 percent, Industrial Development Corporation (IDC), 3.26 percent, Others, 57.32 percent.
Key Strengths
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Dealer Community: Acerinox has a strong relationship with its dealers that not only provide them with supplies but also focus on promoting the company's products and training
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The geography and location of Acerinox provide it with a cost advantage in serving its customers compared to that with the competition
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FAQs
Who are the top stainless steel suppliers in the USA?
The top stainless steel suppliers in the USA based on revenue are AK Steel Corp., Universal Stainless and alloy products Inc., Carpenter Technology Corporation, and Gerdau SA.
What are the key capabilities of stainless steel manufacturers in the USA?
The top stainless steel suppliers in the USA produce a diverse range of materials including slabs, billets, wire rods, bars, plates, sheets, coils, wires, tubes, pipes, and ingots.
What are the latest opportunities for stainless steel suppliers in the USA?
The Government green drive opens an opportunity to merchandise the supplier's products to the state as well as the federal government contractors. And with technological development, the operations can be automated to reduce costs.
What are the major concerns faced by the USA stainless steel manufacturers that could impact their business?
Regulations on international trade keep changing, and this requires compliance by companies if they are to operate globally. And a shortage of skilled workforce in certain global markets represents a threat to the steady growth of profits in those markets.
