What Industeel does

Industeel is a wholly-owned subsidiary of ArcelorMittal and one of the world's leading producers of specialty steel plates, ingots, and formed pieces. The company operates six production facilities — principally mills in Charleroi (Belgium), Le Creusot, and Châteauneuf (France) — running three electric arc furnaces and producing what it describes as the largest dimension range of hot-rolled and forged steel plate worldwide. Its product portfolio centers on stainless steels and nickel-based alloys (including the proprietary UR™2205 duplex and UR™600 grades), high-strength plates (690–1,100 MPa), pressure vessel and clad plates, CryElso® cryogenic grades (0.5%Ni to 36%Ni), Mars® ballistic protection steels with patented chemistry, and Creusabro® wear-resistant steels (4800 and 8000). Supporting services include calculation software for storage tanks, a quick-delivery program, in-house testing facilities, technical support, and transparent alloy surcharge management. The business sells directly to industrial customers through an enterprise field-sales network, complemented by regional channel partners (e.g., Norsider S.A. for Spain/Portugal) and a digital e-services platform for order tracking and documentation, on quote-based, net-cash-30-day terms. Industeel serves at least eight verticals — oil and gas, chemicals and petrochemicals, power generation, renewable energies, mechanical engineering, yellow goods and machinery, construction and infrastructure, and defense and security — across more than 40 countries. Its customer wins are typically large, lumpy, megaproject-driven contracts, exemplified by 51,654 tons of clad plate supplied to the Barzan pipeline in Qatar, over 12,000 tons registered for the ITER nuclear fusion project, and structural steel for the Sagrada Família and Fondation Louis Vuitton. All three main mills achieved ResponsibleSteel™ certification in November 2023, positioning Industeel as a sustainability-credentialed supplier of low-carbon specialty steel within the ArcelorMittal group.

Name

Industeel

Legal name

Industeel

Website

https://industeel.arcelormittal.com

Company type

Private

Founded year

1836

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Industeel is an ArcelorMittal subsidiary that produces specialty steel plates, ingots, and formed pieces across six mills in Belgium and France, serving oil and gas, power generation, construction, defense, and renewables customers in more than 40 countries with proprietary grades such as Creusabro®, Mars®, CryElso®, and UR™ alloys.

Ownership category

akta.pro rank

Headquarters

HQ city

Le Creusot

HQ country

France

HQ region

Europe

Offices3 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. Steel Products Sales: Industeel generates revenue through the sale of specialty steel products including hot rolled steel plates, forged plates, ingots, and formed pieces. Products are sold directly to industrial customers across oil and gas, power generation, defense, construction, and other sectors. The company operates on a quote-based pricing model with standard payment terms of 30 days net cash.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Industeel manufactures and sells specialty hot-rolled and forged steel plates, ingots, and formed pieces — including stainless steels, nickel-based alloys, high-strength steels, cryogenic steels (CryElso®), ballistic protection steels (Mars®), wear-resistant steels (Creusabro®), and mould/tool/die steels — to industrial customers in oil and gas, petrochemicals, power generation, renewables, construction, defense, and heavy machinery. The company supports these products with calculation software, quick delivery programs, technical support, and testing facilities.

Product overview

Industeel is a subsidiary of ArcelorMittal and a global leader in specialized steel production, offering hot rolled and forged steel plate, ingots, and formed pieces with the largest dimension range worldwide across six production facilities. The product portfolio centers on stainless steels and nickel-based alloys (including UR™600 and UR™2205 Duplex), with specialized product lines for pressure vessels, cryogenic applications (CryElso® family), offshore/mechanical engineering, high strength steels (690-1100 MPa grades), ballistic protection (Mars®), moulds/tools/dies, and wear-resistant steels (Creusabro® 4800 and 8000). Supporting services include calculation software for storage tanks, quick delivery programs, technical support, testing facilities, and surcharge management. The company operates mills in Belgium (Charleroi) and France (Le Creusot, Chateauneuf/Châteauneuf, Loire) serving customers in over 40 countries across oil & gas, power generation, chemicals, construction, defense, and industrial machinery sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Creusabro®: A family of wear-resistant steel grades designed for mining, cement, aggregates, and recycling applications, marketed as a globally recognized reference in wear-resistant steel solutions.
• UR™600
• CryElso®
• Mars®
• UR 2205 Duplex

Products and services

• Stainless Steels Stainless steels and nickel-based alloys supplied in quarto and clad plates for industrial applications in chemical, petrochemical, power, construction, and architectural markets.
• Steels for Pressure Vessels and Clad Plates
• Steels for Cryogenic and Low-temperature Service (CryElso®)
• Steels for Offshore and Mechanical Engineering
• Tailor-made Components
• High Strength Steels
• Mars® Protection Steels
• Steels for Moulds, Tools and Dies
• Creusabro® Wear Resistant Steels
• UR™2205 Duplex Stainless Steel
• UR™600 Austenitic Nickel-Based Alloy
• Hot Rolled and Forged Steel Plate, Ingots and Formed Pieces
• Quick Delivery Program
• Technical Support
• Testing Facilities

Quantifiable outcome

• Largest dimension range worldwide for specialty steel products
• +2 more outcomes

Named customers6 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Norsider S.A.regionalChannel Partner/ Reseller/ Distributor · 24 June 2025Norsider S.A. is an official distributor of Creusabro® wear resistant steels for the Spain and Portugal markets. The agreement strengthens the Creusabro® distribution network with a modern, well-stocked and well-equipped partner that will receive Creusabro® 4800 and Creusabro® 8000 in a wide range of thicknesses.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Dillinger Hütte: German heavy plate specialist producing quenched & tempered, pressure vessel, and offshore plate steels — directly comparable to Industeel's quarto plate and clad plate offering, serving overlapping oil & gas, construction, and mechanical engineering customers in Europe.
• SSAB: Swedish specialty steel producer with strong positions in high-strength, wear-resistant (Hardox), and quenched & tempered plate grades — directly comparable to Industeel's Creusabro® wear-resistant and high-strength steel families.
• Voestalpine Steel Division: Austrian steel producer with a specialty plate business serving automotive, energy, and industrial customers — comparable to Industeel in premium-grade heavy plate, tool steel, and high-strength offerings with similar European footprint.
• Salzgitter / Ilsenburger Grobblech: German heavy plate producer (Ilsenburger Grobblech) supplying offshore, wind, pressure vessel, and structural plate grades — a direct peer to Industeel's quarto plate business serving overlapping European industrial customers.
• Acerinox: Spanish global stainless steel producer competing with Industeel's UR™ duplex and austenitic stainless plate grades — particularly in architectural, construction, and chemical process industry applications across Europe and globally.
• Outokumpu: Finland-based global leader in stainless steel including duplex grades (Outokumpu Forta range) — directly comparable to Industeel's UR 2205 and broader stainless plate portfolio serving architecture, chemical, and offshore customers.

Broad incumbents

• ThyssenKrupp Steel Europe: Germany's largest steel producer with broad flat steel and specialty plate capabilities — overlaps with Industeel in stainless, high-strength, and engineering plate but operates at much greater scale across commodity and specialty segments.
• Aperam: European stainless and specialty alloys producer spun out of ArcelorMittal — overlaps with Industeel in stainless plate and nickel alloys but with a broader product mix including strip and tubular products.
• Nippon Steel (heavy plate division): Japan's largest steelmaker with a specialty plate business (high-strength, clad, cryogenic) serving global energy and infrastructure customers — comparable to Industeel in technical plate grades but at significantly larger scale and broader portfolio.

Emerging players

• JSW Steel: Indian integrated steel producer with growing specialty plate capabilities (high-strength, alloy) — an emerging competitor in price-sensitive specialty plate segments where Industeel competes on grade qualification rather than cost leadership.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Industeel_
• Facebookfacebook.com/IndusteelGroupeArcelorMittal
• LinkedInlinkedin.com/company/industeel

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Industeel