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Steel

The 21 companies in this industry listed on the NYSE and Nasdaq are worth $231 bn combined; the largest are Nucor (NUE), ArcelorMittal (MT) and Steel Dynamics (STLD). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Evenly matched
21 companies value 231 bn revenue 272 bn margin 2.6% free cash flow 4.6 bn avg. score 2.9
NUE holds 25.6% of the group's value, 1.2x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 NUE Nucor
United States · score 5.7
26% 59 bn 36 bn 8.0% 1.6 bn 2.7% 0.9% Largest steelmaker in the United States, with electric arc furnaces · Largest US steelmaker; the mini-mill model, the lowest-cost in the country
2 MT ArcelorMittal
Luxembourg · score 6.7
21% 48 bn 63 bn 3.0% 4.7 bn 9.9% 1.2% Europe's largest steelmaker and one of the largest in the Americas · World's largest steelmaker outside China
3 STLD Steel Dynamics
United States · score 5.6
15% 35 bn 21 bn 7.8% 1.0 bn 2.7% 0.8% Electric arc furnace steel, metals recycling and aluminum · 2nd most efficient US mini-mill, with high cash generation
4 RS Reliance, Inc.
United States · score 5.5
9% 21 bn 16 bn 5.7% 0.5 bn 2.5% — Distribution and processing of more than 100,000 metal products · North America's largest metals service center
5 PKX POSCO HOLDINGS INC.
South Korea · score 1.9
8% 17 bn 52 bn 0.8% -0.8 bn -4.7% 4.0% Steel, batteries and materials, from South Korea, since 1968 · South Korea — revenue of $52bn
6 TX Ternium S.A.
Luxembourg · score 2.6
5% 12 bn 16 bn 1.9% -0.3 bn -3.0% — One of the largest steelmakers in the Americas · Luxembourg — revenue of $15.6bn
7 GGB GERDAU S.A.
Brazil · score 5.3
4% 10 bn 14 bn 2.0% 0.3 bn 2.6% 2.5% Long steel in Brazil and the Americas, since 1961 · Brazil — revenue of $13.9bn
8 CLF Cleveland-Cliffs
United States · score 0.0
4% 8.0 bn 19 bn -4.6% -0.9 bn -10.7% — Steelmaking and iron ore for the auto industry · Largest US integrated steelmaker and a supplier to automakers
9 CMC Commercial Metals
United States · score 6.0
3% 7.1 bn 9.4 bn 7.0% 0.5 bn 6.8% 1.2% Recycled long steel and construction products · Recycled long steel for construction, from electric arc furnace mills
10 SIM GRUPO SIMEC, S.A.B. de C.V.
Mexico · score 2.7
2% 4.6 bn 1.6 bn 4.9% -0.1 bn -2.8% — Special bar quality (SBQ) steel for auto parts and structural steel for construction in Mexico and Brazil · Mexico — revenue of $1.6bn
11 WS Worthington Steel, Inc.
United States · score 1.7
1% 2.1 bn 5.3 bn -0.7% 0.1 bn 2.2% 1.5% Flat-rolled steel processing and electrical laminations · Ohio — revenue of $5.3bn
12 SID NATIONAL STEEL CO
Brazil · score 0.1
1% 1.5 bn 8.9 bn -3.4% -1.4 bn -91.8% 9.2% Steel, iron ore mining and cement in Brazil · Brazil — revenue of $8.9bn
13 RYZ Ryerson Holding Corp
United States · score 0.0
1% 1.4 bn 4.6 bn -0.7% -0.1 bn -9.0% 2.2% Metals distribution and processing · Illinois — revenue of $4.6bn
14 MTUS Metallus Inc.
United States · score 2.4
0% 0.9 bn 1.2 bn 0.7% -0.1 bn -11.3% — Electric arc furnace alloy, carbon and microalloy steels · Ohio — revenue of $1.2bn
15 NWPX NWPX Infrastructure, Inc.
United States · score 6.3
0% 0.9 bn 0.6 bn 8.5% 0.1 bn 8.5% — Pipe and precast products for water infrastructure · Washington — revenue of $574m
16 GSM Ferroglobe PLC
United Kingdom · score 1.1
0% 0.8 bn 1.3 bn -13.3% -0.0 bn -1.3% 1.3% Silicon metal and silicon- and manganese-based ferroalloys for steel, aluminum and silicones · United Kingdom — revenue of $1.3bn
17 IIIN INSTEEL INDUSTRIES INC
United States · score 3.4
0% 0.6 bn 0.7 bn 5.1% -0.0 bn -1.7% 3.8% Largest US maker of concrete reinforcing wire · North Carolina — revenue of $708m
18 ASTL Algoma Steel Group Inc.
Canada · score 0.0
0% 0.4 bn 1.5 bn -47.2% -0.3 bn -64.8% 2.4% Steelmaking, with an agent in the United States · Canada — revenue of $1.5bn
19 FRD FRIEDMAN INDUSTRIES INC
United States · score 3.3
0% 0.3 bn 0.8 bn 3.6% -0.0 bn -2.4% 0.4% Flat-rolled and tubular steel processing, from Texas, since 1965 · Texas — revenue of $752m
20 HUDI Huadi International Group Co., Ltd.
China · score 0.4
0% 0.0 bn 0.1 bn -4.6% 0.0 bn -44.5% — Stainless steel pipes for energy and industry, from China · China — revenue of $58m
21 ZKIN ZK International Group Co., Ltd.
China · score 1.0
— — 0.1 bn -5.5% -0.0 bn — — Steel pipes and fittings for water and sanitation, from China · China — revenue of $72m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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