The Global Stainless Steel Forgings Market was valued at USD 7.95 Billion in 2021 and is projected to reach USD 10.48 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period (2022–2028). This sustained growth is driven by escalating demand from the aerospace, automotive, and energy sectors, where the superior strength, corrosion resistance, and durability of forged stainless steel components are paramount for performance and safety.

Forging is a critical manufacturing process that shapes metal using localized compressive forces, resulting in parts with exceptional mechanical properties. As industries worldwide prioritize reliability and longevity, the companies mastering this craft are at the forefront of industrial innovation. In this blog, we profile the Top 10 Companies in the Stainless Steel Forgings Industry—a diverse group of global leaders and specialized forges powering the essential machinery of the modern world.

Download FREE Sample Report: Stainless Steel Forgings Market – View in Detailed Research Report

---

🔟 1. Precision Castparts Corp. (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Complex forged components for aerospace, power generation, and industrial applications

A subsidiary of Berkshire Hathaway, Precision Castparts Corp. is a world leader in complex metal components and products. Its forging division produces highly engineered, critical parts for jet engines, airframes, and industrial gas turbines, serving a blue-chip clientele including major aerospace OEMs.

Innovation & Market Focus:

• Specialization in nickel-based superalloys and titanium forgings for extreme environments

• Integrated manufacturing from melting to finished machining

• Strategic focus on the high-growth aerospace and defense sectors

---

9️⃣ 2. Ellwood Closed Die Group

Headquarters: Ellwood City, Pennsylvania, USA
Key Offering: Custom open-die and closed-die forgings, ingots, and rolled rings

Ellwood Group is a major integrated producer of engineered forgings, castings, and specialty steels. With a history spanning over a century, the company operates one of the largest open-die forging presses in North America, supplying critical components to the oil & gas, defense, and capital equipment markets.

Innovation & Market Focus:

• Production of ultra-large forgings weighing up to 300,000 pounds

• Strong presence in the energy sector with components for turbines and drilling equipment

---

8️⃣ 3. ISGEC Heavy Engineering Ltd.

Headquarters: Noida, Uttar Pradesh, India
Key Offering: Heavy forgings, pressure vessels, and process equipment

ISGEC is one of India’s leading heavy engineering companies with a formidable forging division. It provides a wide range of stainless steel and alloy steel forgings for sugar plants, boilers, chemical plants, and the power sector, with a significant export footprint across global markets.

Innovation & Market Focus:

• Diversified portfolio serving both domestic infrastructure growth and international projects

• Investment in advanced machining and testing facilities for high-value components

---

7️⃣ 4. Scot Forge

Headquarters: Spring Grove, Illinois, USA
Key Offering: Custom open-die and rolled ring forgings

Scot Forge is a 100% employee-owned company with a reputation for quality and technical expertise in open-die forging. It serves a broad spectrum of industries, including aerospace, defense, mining, and medical, with a focus on producing complex geometries in stainless steel and high-temperature alloys.

Innovation & Market Focus:

• Pioneer in precision forging for demanding applications

• Extensive in-house heat treating and machining capabilities

Download FREE Sample Report: Stainless Steel Forgings Market – View in Detailed Research Report

---

6️⃣ 5. All Metals & Forge Group

Headquarters: Fairfield, New Jersey, USA
Key Offering: Forgings, fittings, flanges, and fasteners in stainless steel and exotic alloys

All Metals & Forge Group operates as a global distributor and processor of forged components. The company specializes in providing a comprehensive supply chain solution for forged products, catering to the chemical processing, petrochemical, and shipbuilding industries with a vast inventory and quality assurance.

Innovation & Market Focus:

• Global sourcing network and distribution logistics

• Specialization in corrosion-resistant alloys for harsh service environments

---

5️⃣ 6. Canada Forgings Inc.

Headquarters: Concord, Ontario, Canada
Key Offering: Custom open-die and seamless rolled ring forgings

Canada Forgings is a leading North American supplier of open-die forgings and seamless rolled rings. The company is known for its technical capability in producing large-diameter rings and complex shapes for the mining, energy, and aerospace sectors, leveraging state-of-the-art equipment and metallurgical expertise.

Innovation & Market Focus:

• Expertise in large, seamless rolled rings up to 200 inches in diameter

• Strong quality systems certified to aerospace and nuclear standards

---

4️⃣ 7. Bourdon Forge Company

Headquarters: Bourdon, Quebec, Canada
Key Offering: Custom open-die forgings and hammer forgings

Bourdon Forge is a specialized manufacturer of open-die hammer forgings, serving primarily the aerospace industry. The company has built a strong reputation for producing high-integrity components for aircraft landing gear, engine mounts, and other critical structural applications.

Innovation & Market Focus:

• Long-standing partnerships with major aerospace primes

• Focus on high-strength steel and stainless steel alloys for aerospace

---

3️⃣ 8. PSM Industries

Headquarters: Plymouth, Michigan, USA
Key Offering: Cold forgings, hot forgings, and precision machined components

PSM Industries is a vertically integrated manufacturer specializing in both hot and cold forging processes. The company supplies precision components to the automotive, hydraulic, and fluid power industries, emphasizing cost-effective production of high-volume parts with consistent quality.

Innovation & Market Focus:

• High-volume production capabilities for automotive and industrial applications

• In-house tooling design and manufacturing for rapid prototyping

---

2️⃣ 9. Keystone Forging Company

Headquarters: Northumberland, Pennsylvania, USA
Key Offering: Custom impression-die forgings

Keystone Forging is a specialist in impression-die (closed-die) forging, producing near-net-shape components that minimize material waste and machining time. The company serves a diverse customer base in the transportation, agricultural, and construction equipment sectors.

Innovation & Market Focus:

• Efficiency in material utilization through near-net-shape forging

• Expertise in medium-to-high volume production runs

---

1️⃣ 10. Wichard Group

Headquarters: Thiers, France
Key Offering: High-performance forged components for marine, aerospace, and industrial use

Wichard Group is a French leader in the forging of high-performance stainless steel components, renowned globally in the marine industry for its rigging hardware. The company’s products are known for their exceptional quality, reliability, and innovation, meeting stringent international standards.

Innovation & Market Focus:

• Global leadership in forged marine hardware and fittings

• Continuous investment in R&D for new alloys and manufacturing techniques

Get Full Report Here: Stainless Steel Forgings Market – View in Detailed Research Report

---

🛠️ Outlook: The Future of Stainless Steel Forgings is Stronger and Smarter

The stainless steel forgings market is evolving to meet the demands of next-generation technology. As industries push the boundaries of performance, the emphasis is on advanced materials, digital manufacturing, and sustainable processes.

📈 Key Trends Shaping the Market:

• Increased adoption of Industry 4.0 technologies for process optimization and predictive maintenance

• Growing demand for forgings in renewable energy applications, such as wind turbine shafts and components

• Development of new stainless steel grades with enhanced properties for corrosive and high-temperature environments

• Supply chain consolidation and strategic alliances to ensure material security and technical capability

Get Full Report Here: Stainless Steel Forgings Market – View in Detailed Research Report

The companies listed above are not only shaping metal—they are forging the foundation for smarter, safer, and more efficient industries worldwide.