Metallus loses money in Q4

Canton, Ohio-based Metallus, which makes recycled-content steel and steel products, has reported a fourth quarter 2025 net loss of $14.3 million, citing seasonally related lower shipment levels and increased manufacturing costs tied in part to maintenance procedures.

Metallus says it recorded net sales in the recently completed quarter of $267.3 million, which is down 12.6 percent from $305.9 million in the prior quarter but rose by 11.1 percent compared with the $240.5 million net sales figure from the fourth quarter of 2024.

For the full year 2025, Metallus recorded a net loss of $1.2 million after recording a net income of $1.3 million in 2024. The company says its net sales of $1.2 billion in 2025 rose by 7 percent compared with the full-year 2024 figure of $1.08 billion.

“In 2025, we delivered higher shipments to our customers supported by strengthening demand across our key end markets as the need for domestic steel grew,” says Mike Williams, CEO of Metallus.

“Our aerospace and defense product line delivered strong growth as we expanded customer relationships, increased our presence and achieved new orders in these strategically important markets,” continues Williams, adding, “We also advanced our government funded assets to support the growth in 2026 and beyond.”

Adds the CEO, “While we were not satisfied with our fourth quarter performance, we took the opportunity to implement longer‑term operational improvements and are increasing hourly staffing levels in targeted areas to meet growing demand.”

Regarding the quarter and year now underway, Williams remarks, “Our operations [have] performed better to date in the first quarter. This is an encouraging start to 2026, supported by an order book that is now up more than 50 percent year over year.”

Metallus says it anticipates a sequential increase in its first quarter average melt utilization rate, adding, “Manufacturing costs are expected to sequentially improve by approximately $10 million in the first quarter following the completion of planned annual shutdown maintenance in the fourth quarter and expected higher first-quarter melt utilization, resulting in improved cost absorption.”

The steelmaker also indicates the United Steelworkers (USW) union ratified a new four-year labor agreement with Metallus in early February.

The company says it has planned capital expenditures of approximately $70 million in 2026, “inclusive of approximately $35 million of capital expenditures partially funded by the United States government.”