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

At about 25 million U.S. dollars, Nucor Corp. was the U.S.-based industrial metals company with the highest revenue. Between 2017 and 2018, revenue grew by about 4.8 billion U.S. dollars for the producer of steel and steel products, mostly thanks to increased steel prices.

Uncertain times

It was expected that the U.S. metals industry would find itself in a favorable climate when President Trump took office, and steel companies in particular were anticipated to see significant growth in the short to medium term.

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.

Leading U.S.-based industrial metals companies in FY 2018, based on revenue

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Source

Release date

February 2019

Region

Worldwide

Survey time period

FY 2018

Supplementary notes

This ranking has been assembled using various annual reports.

The figure for Freeport-McMoran was taken from the company's FY 2018 annual report on form 10-K, published in 2019.

The figure for United States Steel was taken from the company's FY 2018 annual report on form 10-K, published in 2019.

The figure for Alcoa was taken from the company's FY 2018 annual report on from 10-K, published in 2019.

The figure for Steel Dynamics was taken from the company's FY 2018 annual report on form 10-K, published in 2019.

The figure for Reliance Steel & Aluminum was taken from the company's FY 2018 annual report on form 10-K, published in 2019.

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