The Global Cast Steel Market was valued at USD 70,760 Million in 2025 and is projected to reach USD 86,946 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2025–2034). This growth is driven by sustained demand from capital-intensive industries such as power generation, heavy construction machinery, and mining, alongside global investments in infrastructure modernization and the ongoing energy transition.

As global industries demand components that are stronger, more durable, and capable of withstanding extreme conditions, the role of cast steel has never been more critical. From the massive frames of construction excavators to the precision parts inside power turbines, cast steel forms the structural backbone of modern industrial equipment. In this blog, we profile the Top 10 Companies in the Cast Steel Industry—a mix of global industrial giants and specialized foundries that are shaping the future of manufacturing through innovation and technical excellence.

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🔟 1. Precision Castparts Corp. (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Complex investment castings, forged components, and airfoil castings

Precision Castparts Corp., a Berkshire Hathaway company, is a world leader in complex metal components and products. The company serves the aerospace, power generation, and general industrial markets with highly engineered, critical components that require exceptional performance under extreme stress and temperature conditions. PCC’s expertise in investment casting for superalloys and titanium makes it a key supplier for jet engines and industrial gas turbines.

Innovation & Market Leadership:

• Pioneer in near-net-shape manufacturing for aerospace and energy sectors

• Extensive vertical integration from melting to final machining

• Strategic focus on high-value, technically demanding applications

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9️⃣ 2. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: Advanced specialty steels, cast and forged components

Hitachi Metals is a major global player renowned for its high-quality specialty steels and advanced metal products. Its casting division produces critical components for the automotive, industrial machinery, and electronics sectors. The company leverages its advanced metallurgical expertise to develop cast steel solutions that meet the evolving demands for performance, efficiency, and reliability.

Innovation & Market Leadership:

• Leading R&D in high-performance alloy steels

• Strong global supply chain serving automotive and industrial OEMs

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8️⃣ 3. Doosan Enerbility

Headquarters: Seoul, South Korea
Key Offering: Heavy castings and forgings for power generation and industrial plants

Doosan Enerbility is a leading industrial company specializing in cast and forged components for the power generation and heavy industry sectors. The company is a critical supplier of large-scale steel castings for turbine casings, valve bodies, and other essential parts used in thermal, nuclear, and renewable power plants worldwide.

Innovation & Market Leadership:

• Specialization in extra-large steel castings for mega-projects

• Key partner in global energy infrastructure development

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7️⃣ 4. Kobe Steel, Ltd.

Headquarters: Kobe, Japan
Key Offering: Steel castings and forgings, aluminum and copper products

Kobe Steel is a diversified materials and machinery manufacturer with a strong presence in the cast steel market. The company’s Kobelco brand is internationally recognized for its high-integrity steel castings used in construction machinery, industrial equipment, and the energy sector. Kobe Steel emphasizes technological advancement and quality control to maintain its competitive edge.

Innovation & Market Leadership:

• Advanced manufacturing technologies for high-strength castings

• Focus on lightweight and high-performance material solutions

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6️⃣ 5. Japan Steel Works, Ltd. (JSW)

Headquarters: Tokyo, Japan
Key Offering: Heavy steel plates, castings, and forgings

Japan Steel Works is a premier manufacturer of heavy-duty steel products, including large castings and forgings for the nuclear power, industrial machinery, and defense industries. JSW’s ability to produce some of the world’s largest and most technically challenging steel components makes it a strategic supplier for critical infrastructure projects.

Innovation & Market Leadership:

• World-leading capability in ultra-heavy steel castings

• Critical supplier for nuclear reactor components and large press dies

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5️⃣ 6. ME Elecmetal

Headquarters: Santiago, Chile
Key Offering: Wear-resistant castings for mining and cement industries

ME Elecmetal is a global leader in the design, manufacture, and supply of consumable wear parts for the mining and mineral processing industries. The company specializes in high-chromium iron and alloy steel castings that offer superior abrasion resistance, significantly improving the service life and efficiency of grinding mills and crushing equipment.

Innovation & Market Leadership:

• Expertise in abrasion-resistant material science

• Global network of manufacturing facilities close to key mining regions

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4️⃣ 7. Amsted Rail

Headquarters: Chicago, Illinois, USA
Key Offering: Cast steel freight railcar components

Amsted Rail is a leading supplier of fully integrated components and systems for the freight rail industry. The company is renowned for its high-integrity cast steel bogies (trucks), couplers, and side frames that ensure the safety and reliability of rail transportation worldwide. Amsted Rail’s products are critical to the heavy-haul freight sector.

Innovation & Market Leadership:

• Dominant market position in North American freight rail components

• Continuous investment in R&D for improved safety and durability

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3️⃣ 8. Signicast (Form Technologies)

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Precision investment castings

Signicast, a Form Technologies company, is a leading manufacturer of investment castings in North America. The company specializes in producing complex, near-net-shape components for the automotive, aerospace, defense, and industrial markets. Its high-volume capabilities and focus on automation make it a key partner for components requiring precision and consistency.

Innovation & Market Leadership:

• Leader in high-volume precision investment casting

• Advanced automation and process control for superior quality

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2️⃣ 9. MetalTek International

Headquarters: Waukesha, Wisconsin, USA
Key Offering: Centrifugal and static castings in specialty alloys

MetalTek International is a world-class manufacturer of component solutions using centrifugal casting, investment casting, and other specialized processes. The company focuses on high-value alloys for extreme service conditions, serving markets such as power generation, marine, oil & gas, and aerospace with components that resist wear, heat, and corrosion.

Innovation & Market Leadership:

• Specialization in nickel, cobalt, and copper-based alloy castings

• Expertise in centrifugal casting for cylindrical components

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1️⃣ 10. Anhui Yingliu Co., Ltd.

Headquarters: Liu’an, Anhui, China
Key Offering: Cast steel components for construction and machinery

Anhui Yingliu is a prominent Chinese manufacturer of cast steel products, serving both domestic and international markets. The company produces a wide range of castings for construction machinery, mining equipment, and the automotive industry. Its competitive positioning is strengthened by China’s vast manufacturing base and growing infrastructure development.

Innovation & Market Leadership:

• Significant production capacity catering to China’s industrial growth

• Focus on cost-effective solutions for volume applications

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Cast Steel Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cast Steel Is Stronger and Smarter

The cast steel market is undergoing a significant evolution. While traditional carbon steel castings continue to serve foundational roles, the industry is increasingly focused on high-performance alloys, digital manufacturing, and sustainability. These advancements are enabling the production of components that are not only stronger and more durable but also more efficient to manufacture.

📈 Key Trends Shaping the Market:

• R&D into advanced high-alloy steels for extreme environments in energy and aerospace

• Integration of additive manufacturing (3D printing) for rapid prototyping and complex mold production

• Digitalization and automation of foundry processes for improved quality and efficiency

• Growing demand for large and complex castings from renewable energy infrastructure projects

Read Full Report:
Cast Steel Market – View in Detailed Research Report

The companies listed above are not only supplying critical components for global industry—they’re driving the innovation and resilience that underpin modern manufacturing and infrastructure development.