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2018 leading U.S. industrial metals companies based on revenue

Leading 2018 United States industrial metals companies based on revenue (in billion U.S. dollars)*

by Statista Research Department, last edited Aug 9, 2019
2018 leading U.S. industrial metals companies based on revenue The industrial metals industry is one of the most important sectors of the U.S. economy. In 2018, Nucor Corp. topped the list in terms of revenue, generating roughly 22.3 billion U.S. dollars. In fact, in the second quarter of 2018, Nucor announced that earnings had doubled on the previous year thanks to increased steel prices. In general, the industry has been faring well in recent years, with many companies seeing substantial year-on-year growth.
Uncertain times

The U.S. metals industry has found itself in a favorable climate since President Trump took office, and steel companies in particular have been seeing significant growth over the past two years. However, the long-term outcome of Section 232 tariffs is still uncertain. Some 54 percent of global aluminum consumption occurs in China. Since the commodity is used in several important industries, it is susceptible to any change in the volatile Chinese economy. This might be one of the reasons why aluminum prices dropped 17.4 percent in 2018. Although there has been strong confidence in the future U.S. steel industry, Sino-American trade tensions are not over. On top of that, the recent rollback of tariffs against U.S. steel imports from Turkey are probably not the last move in uncertain times.
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Leading 2018 United States industrial metals companies based on revenue (in billion U.S. dollars)*

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