The Global Steel Casting 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 (2024–2030). This steady growth is being driven by sustained demand from heavy machinery, robust infrastructure development worldwide, and the expansion of high-performance industrial sectors requiring durable and complex components.

As global industries from rail and transit to energy and mining continue to build and modernize, the spotlight is on the key manufacturers who are driving innovation, quality, and manufacturing excellence. In this blog, we profile the Top 10 Companies in the Steel Casting Industry—a mix of established industrial giants, specialized foundries, and technology leaders shaping the backbone of modern manufacturing.

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🔟 10. Liaoning Fuan Heavy Industry Co., Ltd.

Headquarters: Anshan, Liaoning, China
Key Offering: Large Steel Castings for Mining and Power Generation

Liaoning Fuan Heavy Industry is a major Chinese manufacturer specializing in large and extra-large steel castings. The company serves critical industries such as mining equipment, cement machinery, and power generation with heavy-duty components known for their structural integrity and durability.

Technological Capabilities:

• Specialization in large-scale sand casting processes

• Advanced heat treatment facilities for enhanced mechanical properties

• Strong focus on the domestic Chinese market and export to Asia-Pacific

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9️⃣ 9. Anhui Yingliu Co., Ltd.

Headquarters: Ma’anshan, Anhui, China
Key Offering: High-Quality Steel Castings for Automotive and Machinery

Anhui Yingliu is a prominent Chinese foundry with a strong reputation for producing precision steel castings. The company leverages advanced manufacturing techniques to serve the automotive sector, construction machinery, and other industrial applications with a focus on quality and reliability.

Technological Capabilities:

• Integration of automated molding and pouring systems

• Comprehensive quality control and non-destructive testing

• Significant production capacity to meet large-volume demands

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8️⃣ 8. Impro Precision Industries Limited

Headquarters: Hong Kong
Key Offering: Precision-Engineered Investment Castings

Impro Precision is a global leader in high-precision, complex thin-walled castings. The company specializes in investment casting technology to produce components for demanding sectors such as automotive, hydraulic, and medical equipment, where dimensional accuracy and superior surface finish are paramount.

Technological Capabilities:

• World-class investment casting expertise

• Strong R&D focus on material science and process optimization

• Global manufacturing footprint with facilities in China, Europe, and North America

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7️⃣ 7. MetalTek International

Headquarters: Waukesha, Wisconsin, USA
Key Offering: Centrifugal and Static Castings in Specialty Alloys

MetalTek International is a US-based specialist in engineered components using centrifugal casting, static casting, and investment casting processes. The company serves critical markets like waterworks, power generation, and defense with castings made from stainless steel, duplex stainless, and other high-alloy materials.

Technological Capabilities:

• Expertise in corrosion and heat-resistant alloys

• Proprietary centrifugal casting technology for superior metallurgy

• Certifications for aerospace, military, and nuclear applications

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6️⃣ 6. Amsted Rail Company, Inc.

Headquarters: Chicago, Illinois, USA
Key Offering: Railway-specific Steel Castings (Bogies, Couplers)

Amsted Rail is a world leader in manufacturing integrated system solutions for the freight rail industry. The company is renowned for its high-integrity steel castings used in railcar components, including side frames, bolsters, and couplers, which are essential for safety and reliability in rail transport.

Technological Capabilities:

• Dominant market position in North American rail castings

• Vertically integrated manufacturing from casting to finished assembly

• Continuous innovation in casting processes for improved fatigue life

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5️⃣ 5. ME Elecmetal

Headquarters: Santiago, Chile
Key Offering: Wear-Resistant Castings for Mining and Milling

ME Elecmetal is a global supplier of consumable wear parts for the mining and construction industries. The company produces high-chrome iron and steel castings for grinding mills, crushers, and other equipment subjected to extreme abrasion and impact, with a strong presence in the Americas and beyond.

Technological Capabilities:

• Leadership in wear-resistant alloy development

• Global network of foundries close to key mining regions

• Focus on solutions that extend equipment life and reduce total cost of ownership

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4️⃣ 4. Kobe Steel, Ltd. (KOBELCO)

Headquarters: Kobe, Japan
Key Offering: High-Grade Steel Castings and Forgings

Kobe Steel is a major Japanese industrial conglomerate with a formidable steel casting division. The company produces large, high-quality steel castings and forgings for power generation plants, industrial machinery, and shipbuilding, leveraging its advanced metallurgical expertise.

Technological Capabilities:

• Manufacturing of world’s largest steel castings for turbines and presses

• Proprietary quality control systems ensuring zero-defect standards

• Strong R&D in material properties for extreme service conditions

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3️⃣ 3. Doosan Enerbility Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Heavy Steel Castings for Power and Desalination

Doosan Enerbility is a global provider of power plant solutions and heavy industrial equipment. Its casting division is critical for producing massive components like turbine casings, valve bodies, and pump housings for thermal power, nuclear power, and sea water desalination plants worldwide.

Technological Capabilities:

• Capability to produce castings weighing over 200 tons

• Specialization in high-alloy steels for corrosive and high-temperature applications

• Integrated supply chain from steelmaking to precision machining

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

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2️⃣ 2. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty Steel Castings and Advanced Materials

Hitachi Metals is a leading global manufacturer of advanced metal products, including a wide range of high-performance steel castings. The company serves the automotive, infrastructure, and electronics industries with components known for their superior quality, precision, and reliability.

Technological Capabilities:

• Leadership in material science for specialized applications

• Global production network ensuring supply chain resilience

• Focus on high-value-added components with stringent technical specifications

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1️⃣ 1. Precision Castparts Corp. (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Complex Investment Castings for Aerospace and Power

Precision Castparts Corp., a Berkshire Hathaway company, is the world’s leading manufacturer of complex metal components and products. PCC’s investment casting segment produces critical, high-integrity components for jet aircraft engines, industrial gas turbines, and other demanding applications where failure is not an option.

Technological Capabilities:

• Unmatched expertise in producing near-net-shape superalloy castings

• Stringent quality systems meeting aerospace and defense standards

• Vertical integration from alloy development to final machining

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

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🏭 Outlook: The Future of Steel Casting is Smarter and More Sustainable

The steel casting market is undergoing a significant transformation. While traditional sand casting still dominates production volume, the industry is investing heavily in digitalization, advanced alloys, and sustainable practices to meet the evolving demands of modern manufacturing.

📈 Key Trends Shaping the Market:

• Adoption of Industry 4.0 technologies for smart foundries and predictive maintenance

• Growing demand for large, complex castings from the renewable energy sector (wind, hydro)

• Increased focus on lightweighting and material efficiency in automotive and aerospace

• Strategic consolidation and specialization among foundries to enhance competitiveness

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

The companies listed above are not only supplying critical components to global industry—they’re driving the technological advancement of manufacturing fundamentals.