Metallus Inc. (NYSE: MTUS)

Metallus Inc. manufactures alloy steel, carbon steel, and micro-alloy steel using electric arc furnace technology. The company specializes in producing special bar quality (SBQ) bars, seamless mechanical tubing, manufactured components, and billets. These products cater to demanding applications in various end-markets, including industrial, automotive, aerospace & defense, and energy. Metallus Inc. was incorporated in Ohio on October 24, 2013, and became an independent, publicly traded company following a spinoff from The Timken Company on June 30, 2014.

Metallus Inc. generates revenue through the sale of its high-performance steel products and solutions. The company's portfolio includes SBQ bars, seamless mechanical tubes, manufactured components, and billets. These products are used in critical mechanical applications across diverse end-markets. Metallus Inc. also manages raw material recycling programs, which serve as a feeder system for its melt operations and allow the sale of scrap not used in its operations to third parties. The company's annual melt capacity is approximately 1.2 million tons, with a shipment capacity of approximately 0.9 million tons.

• Steel Manufacturing: Metallus Inc. produces a wide range of steel products, including SBQ bars, seamless mechanical tubes, and billets. These products are manufactured using electric arc furnace technology and are known for their high quality and performance. The company's steel manufacturing operations take place at its Canton, Ohio manufacturing location, which includes three facilities: Faircrest, Harrison, and Gambrinus. These facilities account for all of the SBQ bars, seamless mechanical tubes, and billets produced by the company. The steel products are sold in all of the company's end-markets, including industrial, automotive, aerospace & defense, and energy.

• Manufactured Components: In addition to its steel products, Metallus Inc. also produces manufactured components. These components are made at two downstream manufacturing facilities: Tryon Peak in Columbus, North Carolina, and St. Clair in Eaton, Ohio. The manufactured components provide customers with ready-to-finish products that simplify vendor management, streamline supply chains, and often cost less than other alternatives. These components cater to the automotive end-market, as well as the industrial, aerospace & defense, and energy end-markets.

Metallus Inc. operates in a highly competitive steel industry, both domestically and globally. The company faces competition from various domestic and foreign manufacturers of alloy steel and mechanical components. For bar products less than 6-inch in diameter, the primary competitor is Gerdau Special Steel North America. For bar products up to 9-inch in diameter, domestic producers Steel Dynamics, Inc. and Nucor Corporation are the principal competitors. For very large bars from 10 to 16 inches in diameter, offshore producers and specialty forging companies in North America such as Scot Forge and Frisa are the primary competitors. For seamless mechanical tubing, offshore producers such as Tenaris, S.A., Vallourec, S.A., and TMK Group, as well as the foreign-owned domestic producer ArcelorMittal Tubular Products, are the primary competitors. Metallus Inc. differentiates itself through its expertise in raw materials, metallurgical knowledge, and the ability to create tailored products for its respective end-markets. The company's engineers are experts in both materials and applications, allowing them to work closely with each customer to deliver flexible solutions related to their products and supply chains.

Metallus Inc. serves approximately 330 diverse customers in the industrial, automotive, aerospace & defense, and energy end-markets. For the year ended December 31, 2025, one customer individually comprised greater than 10% of net sales, representing 10.6% of net sales. No other customer accounted for more than 10% of net sales during the year ended December 31, 2025. The company's customers benefit from its expertise in producing high-quality, specialty metal products that meet their specific needs and requirements. Metallus Inc. prioritizes collaboration with its customers to ensure that the solutions delivered meet their specifications and expectations, fostering lasting partnerships.