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Metallus Inc

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Metallus Inc. (NYSE: MTUS) is a specialty steel manufacturing company that produces alloy steel, carbon steel, and micro-alloy steel using electric arc furnace (EAF) technology. The company makes money by selling special bar quality (SBQ) bars, seamless mechanical tubing, and manufactured components to industrial customers across multiple end markets. Metallus 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, when Timken transferred its steel business assets and liabilities to the newly formed entity. The company's niche is SBQ steel, with capabilities extending into tubing and manufactured components. Nearly 50% of its sales representatives, account managers, and technical service team members have engineering backgrounds, according to the FY2025 10-K filed February 20, 2026.

Products & Services

Special bar quality (SBQ) steel bars, seamless mechanical tubing, and manufactured components. Products are made using electric arc furnace (EAF) technology from alloy steel, carbon steel, and micro-alloy steel.

Revenue Model

Transactional sales of specialty steel products, including SBQ bars, seamless mechanical tubing, and manufactured components, to industrial customers. Revenue is driven by volume and pricing of steel shipments.

Customers & Markets

Industrial customers across end markets served by SBQ steel and tubing. Customer relationships are described as long-term partnerships with technical collaboration on product specifications. Specific end markets and customer concentration figures are not disclosed in the available filing excerpts.

Geographic Exposure

Incorporated in Ohio. Geographic revenue mix is not disclosed in the available filing excerpts.

Financial Snapshot

Revenue
TTM
$1.186B
Gross Margin
TTM
8.1%
Net Income
TTM
$2.900M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
173.07%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
683.0M
Cash
2026 Q1
P/E
TTM
288.8
Free Cash Flow
TTM
-$78.20M

Stock Price

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Market Cap: $837.55 Million

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