Union Electric Steel

What Union Electric Steel does

Union Electric Steel Corporation (branded commercially as Union Electric Åkers) is a Carnegie, Pennsylvania-based producer of forged and cast rolls for the global steel and aluminum industries, and a manufacturer of ingot and open-die forged engineered products. Founded in 1923 and operated as a wholly-owned subsidiary of publicly listed Ampco-Pittsburgh Corporation (NYSE: AP), the company has been built through multiple acquisitions: Davy Roll Company in 1999, Alloys Unlimited & Processing in 2015, the Åkers Group in 2016 (forming the Union Electric Åkers brand), and ASW Steel in 2016. It operates as the world's largest non-government-owned roll business, with combined annual capacity of 125,000 Metric Tons (80,000 MT cast and 45,000 MT forged) and product range spanning finished roll weights of 1 kg to 71 MT.

The company's core technology rests on specialty metallurgy: vertical centrifugal casting for hot strip mill work rolls, Electroslag Remelting (ESR) for premium internal-quality work and intermediate rolls, open-die forging on 3,000- and 5,000-ton presses, and proprietary grade development (VICTURA TwinAlloy, SUPRA powder metallurgy series, INDRA, INVICTA, CRONA, and others) housed at the Union Electric Åkers Research Center in Sweden. Manufacturing facilities are located in Pennsylvania (Carnegie HQ and Burgettstown forge), Indiana (Valparaiso finishing), Sweden (Åkers Styckebruk), Slovenia (Ravne na Koroškem), and a 60% joint venture plant in Taiyuan, China; UK operations at Gateshead were exited in October 2025 and the entity entered administration owing £16.9 million.

The revenue model is B2B hardware sales of custom-manufactured, quote-priced industrial components, with pricing including alloy and energy surcharges; the company has demonstrated the ability to push through 8-18% list price increases when input costs rise. Distribution is conducted via a global direct-sales network of regional offices and dedicated technical-service engineers, supplemented by local agents in selected markets. Primary customers are large global steel and aluminum mills; secondary customers span oil and gas, heavy manufacturing, aerospace, transportation, and consumer/medical sectors. As a privately held subsidiary, standalone revenue is not publicly disclosed, with the most recent disclosed capacity, parent-company segment reporting, and order growth indicators supporting an estimated annual revenue band in the $250M-$500M range.

Name

Union Electric Steel

Legal name

Union Electric Steel Corporation

Website

https://uniones.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

101–250 employees

Short description

Union Electric Steel Corporation, a wholly-owned subsidiary of Ampco-Pittsburgh (NYSE: AP), is the world's largest non-government-owned producer of forged and cast rolls, supplying the global steel and aluminum industries with specialty mill rolls and open-die forged engineered products.

Ownership category

akta.pro rank

Product category

Specialty Steel Mill Rolls

NAICS

Iron and Steel Forging (332111)

SIC

Metal Forgings & Stampings (3460)

akta.pro primary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

akta.pro secondary industries

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE), Aluminum Rolling (Flat-Rolled Products: Sheet, Plate, Foil) (IMAKACAF)

Keywords

• Forged and cast rolls
• Rolling mill rolls
• Open die forgings
• Specialty steel products
• Electroslag remelting

Headquarters

HQ city

Carnegie

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Forged and Cast Rolls: Manufacturing and sale of forged and cast rolls for the worldwide steel and aluminum industries. Rolls include Hot Strip Mill Work Rolls, Plate Mill Rolls, Cold Mill Work Rolls, Aluminum Mill Rolls, Back-up Rolls, Section Mill Rolls, Cluster Mill Rolls, and Narrow Strip Mill Rolls.
2. Forged Engineered Products: Production of ingot and open die forged products including Carbon & Alloy steels, Tool & Mold steels, and Stainless steels for heavy manufacturing, energy, construction and mining, transportation, and consumer and medical products markets.
3. Specialty Steel Products: Through ASW Steel acquisition, offers unique combination of carbon, stainless, and other specialty steelmaking capabilities with flexible steel refining methods (AOD, VOD, vacuum degassing, ladle metallurgical station).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Union Electric Steel manufactures and sells forged and cast rolls for the worldwide steel and aluminum industries, plus ingot and open die forged engineered products (carbon, alloy, tool/mold, and stainless steels) for heavy manufacturing, energy, oil and gas, construction, mining, transportation, and consumer/medical markets. The combined Union Electric Åkers roll business represents the world's largest non-government-owned roll manufacturer with 125,000 Metric Tons of annual capacity and product range from 1 kg to 71 MT roll weights.

Product overview

Union Electric Steel operates as a multi-product specialty steel manufacturer with three distinct business areas: Forged & Cast Rolls (branded as Union Electric Åkers), Forged Engineered Products (FEP), and Cast Engineered Products. Union Electric Åkers represents the world's largest non-government-owned roll business, combining forged and cast roll technology and manufacturing expertise with a total capacity of 125,000 Metric Tons annually (80,000 MT cast products and 45,000 MT forged products). The product portfolio spans Hot Strip Mill Work Rolls, Plate Mill Rolls, Cold Mill Work Rolls, Aluminum Mill Rolls, Back-up Rolls, Section Mill Rolls, Cluster Mill Rolls, and Narrow Strip Mill Rolls, serving the global steel, aluminum, and metal industries. Forged Engineered Products specializes in ingot and open die forged products for oil and gas, aluminum, and plastic extrusion industries, as well as heavy manufacturing, energy, construction, mining, transportation, and medical sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Union Electric Åkers: Global brand combining Union Electric Steel and Åkers Group roll businesses, offering forged and cast rolls for steel and aluminum industries worldwide
• VICTURA TwinAlloy Steel
• Union Electric Steel UK Limited

Products and services

• Forged & Cast Rolls (Union Electric Åkers) A comprehensive portfolio of forged and cast rolls sold under the Union Electric Åkers brand for the worldwide steel and metal industries. Includes Hot Strip Mill Work Rolls, Cold Mill Work Rolls, Plate Mill Rolls, Aluminum Mill Rolls, Back-up Rolls, Section Mill Rolls, Cluster Mill Rolls, and Narrow Strip Mill Rolls. The combined roll business represents the world's largest non-government-owned roll manufacturer with 125,000 MT annual capacity.
• Forged Engineered Products (FEP) Ingot and open die forged products serving heavy manufacturing, energy, construction and mining, transportation, and consumer and medical products markets, as well as oil and gas, aluminum, and plastic extrusion industries. Includes carbon and alloy steels, tool and mold steels, and stainless steels available as rough turned rounds, roughed milled blocks, custom forgings, and billet stock for reforge.
• Hot Strip Mill Work Rolls Work rolls for hot strip mills including roughing mill work rolls, finishing stand work rolls, and vertical edgers. Used in conventional Hot Strip Mills, Thin Slab Compact Strip Mills, and Steckel Mills. Grades include URMA, STELLA, SDSII, SPECRA, CRONA, CICRA, ICRA, MICRA, APEX, and VICTURA. All Hot Strip Mill Work Rolls are made using the vertical centrifugal casting method.
• Plate Mill Rolls Rolls for plate mills available in various grades from conventional ICDP to sophisticated chrome iron, chrome steel grades, and high speed steel. Grades include URSA, ICRA, ICRA P, MICRA, CRONA, URMA, and SPECRA.
• Cold Mill Work Rolls Forged work rolls and intermediate rolls for wide cold strip mills of 2-high, 4-high, or 6-high types including reversing reduction mills, tandem mills, double reduction mills, and temper/skin pass mills. Grades include 3CR, 4CRMO, 5CR, SHSSII, INDRA series, and INVICTA.
• Aluminum Mill Rolls Work rolls and back-up rolls for hot roughing, reversing, tandem rolls, cold breakdown rolls, finishing rolls, and foil rolls for aluminum mills. Includes 5% Cr and 10% Cr semi HSS grade products.
• Back-up Rolls Forged and cast monobloc steel back-up rolls for hot and cold rolling applications. Available in various grades including 3 Chrome, 5 Chrome, 3CR50C(UEHM), DH3CR, and 5CRMO.
• Section Mill Rolls, Sleeves and Edgers Forged and cast high-quality work rolls for section mills, sleeves, and edgers. Includes FORSA series (FORSA 3CN through FORSA 8BN) and cast grades including STEGRA, STEBRA, NIRA series, and High Chrome Iron products.
• Cluster Mill Rolls Rolls for 12-high, 20-high, Z-high, and other cluster mill configurations for rolling stainless steel, silicon steels, carbon steels, non-ferrous metals, and precious metals. Grades include NARVA series, ALPHA series, SUPRA series (powder metallurgy), and INDRA series.
• Narrow Strip Mill Rolls Customized rolls for narrow strip mills in 2-high, 4-high, 6-high, and other mill configurations for cold and hot rolling of strip and wire made from carbon steel, stainless steel, silicon steel, non-ferrous metals, super alloys, and precious metals.
• VICTURA TwinAlloy Steel Rolls New generation high-performance grade rolls for hot rolling, late finishing stand applications. Engineered for superior wear resistance, excellent surface quality, and improved performance compared to conventional late stand rolls. Manufactured using TwinAlloy steel technology.
• Custom Forgings and Specialty Steel Products Open die forged products including carbon and alloy steels, tool and mold steels, and stainless steels. Available as rough turned rounds, roughed milled blocks, custom forgings, and billet stock for reforge. Includes value-added services such as precision saw cutting, lathe capabilities, CNC machining, rough turning, boring, heat treating, trepanning, annealing, quench and temper, normalizing, solution anneal, stress relieve, and aging.
• Cast Engineered Products / Specialty Steel Products Premier specialty steel-making offered through the ASW Steel subsidiary, providing a unique combination of carbon, stainless, and other specialty steelmaking capabilities. Flexible steel refining methods include argon oxygen decarburization (AOD), vacuum oxygen decarburization (VOD), vacuum degassing, and ladle metallurgical station. Produces high-quality specialty steel products for aerospace, transportation, and construction industries.

Quantifiable outcome

• 38% increase in order activity in first two months of 2026 compared to same period last year
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Zhongwang (Yingkou) High Precision Aluminum Industry Co., LtdcoreStrategic or Co-development Partner · 5 October 2017$4.4 million contract for Union Electric Åkers forged finishing work rolls and forged roughing work rolls for customer's new hot rolling mill installation in China. The agreement followed successful trials at customer's existing manufacturing plant. Zhongwang Aluminum specializes in casting, hot rolling, cold rolling, and finishing of heavy gauge aluminum plates and sheets for the transportation sector.
• Shanxi Åkers TISCO Roll Co., LtdcoreStrategic or Co-development Partner · 3 March 201660% joint venture partnership (Åkers Group 60% stake) for fully integrated cast roll manufacturing plant in Taiyuan, Shanxi Province, China. Produces hot strip mill work rolls for the Asian market.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Doncasters Group: Doncasters is a global manufacturer of precision cast and forged components for aerospace, industrial gas turbines, and industrial markets. Comparable in serving oil & gas and heavy industrial customers with open die forgings similar to UES FEP.
• Scot Forge Company: Scot Forge (Spring Grove, IL) is an open die forging producer serving oil & gas, aerospace, power generation, and industrial markets—directly comparable to Union Electric Steel's Forged Engineered Products (FEP) segment. Competes on custom open die forgings and engineered steel products.
• Lehigh Heavy Forge Corporation: Lehigh Heavy Forge Corporation (Bethlehem, PA) manufactures forged hardened steel rolls for hot strip, plate, and bar mills, serving the same steel and aluminum mill customers as Union Electric Steel. Direct competitor in North American forged roll market.
• Villares Rolls: Villares Rolls (Brazil) is a producer of cast iron and cast steel rolls for hot and cold rolling mills, closely comparable to the cast roll half of Union Electric Åkers' portfolio. Competes with UES in Latin American and global cast roll segments.

Emerging players

• Friedrich Kocks GmbH & Co KG: Friedrich Kocks (Germany) supplies rolling mill equipment and three-roll precision sizing blocks for long product mills. While primarily equipment-focused, its customer base overlaps with UES's roll buyer base in section and long product mills.

Broad incumbents

• Weber Metals (Howmet Aerospace): Weber Metals, a Howmet Aerospace business, produces large forged aerospace and industrial components including custom open die forgings. Comparable to UES's Forged Engineered Products in heavy industrial forging capabilities, though focused on aerospace applications.
• Ellwood Group: Ellwood Group operates specialty steel mills and forging operations producing forged hardened steel rolls, engineered steel castings, and custom forgings. Comparable integrated portfolio across steelmaking, casting, and forging with significant roll business exposure.
• Carpenter Technology Corporation: Carpenter Technology (NYSE: CRS) develops and manufactures stainless steels, high-performance alloys, and specialty steel products. Comparable to UES's Forged Engineered Products and ASW Steel specialty steel refining capabilities; notably, UES President Sam Lyon previously served as VP & Group President at Carpenter's Performance Engineered Products business.
• Sidenor Industrial S.A. Sidenor (Greece) produces specialty steel including forging and casting grades for automotive, energy, and industrial applications. Overlaps with UES's Forged Engineered Products in serving European industrial customers with custom forgings and specialty steels.
• Bohler Edelstahl (voestalpine): voestalpine's Bohler Edelstahl division produces specialty steel including roll grades and tool steels, with overlapping capabilities in forged rolls and metallurgical R&D. A larger European competitor with broader industrial portfolio than UES.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/union-electric-steel-corp

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Union Electric Steel