Capital Steel & Wire

What Capital Steel & Wire does

Capital Steel & Wire, Inc. is a privately-held, WBENC-certified woman-owned manufacturer and master distributor of specialty steel bar, wire rod, and billet products headquartered in DeWitt, Michigan. Founded in 2001 and led by President/Owner Kelly Preston, the company operates four Michigan facilities (DeWitt headquarters, Mason production, Ithaca production, Lansing distribution) with 51-100 employees and serves customers across the United States and South America. Its product portfolio spans hot-rolled bars and billets, hot-rolled wire rod, heat-treated bars, merchant bar quality (MBQ) steel, cold-drawn bars, cold-drawn wire, and turned-and-polished bar stock across grades 1006 through 9260 in carbon, alloy, stainless, and leaded steels.

The company's competitive position rests on owning and operating its own Cold Finishing Steel Mill and a fleet of 18 CNC cold saws, enabling in-house cold drawing, saw cutting, heat treating, grinding, wire processing, and comprehensive bar processing under a single invoice. Diameter capabilities range from .025 to 26.000 inches with cold-finished tolerances as tight as +0/-0.002 inches. Quality is anchored by ISO 9001:2015 certification; sustainability claims include 99% recycled steel usage and a 2022 solar array installation.

Capital Steel generates revenue through direct, quote-based sales of steel products bundled with value-added processing services, sold primarily to enterprise customers in automotive (GM, Winnebago), military/defense (DoD), and heavy equipment/agricultural (Caterpillar, John Deere) verticals, with additional exposure to fastener, oil & gas, aerospace, energy, lawn & garden, PPE, and fitness equipment segments. The company differentiates via Just-In-Time warehousing options, single-invoice consolidation across steel, processing, testing, and freight, and WBENC supplier diversity status. Distribution channels include a direct sales team, a website quote-request portal, LinkedIn and Twitter presence, and a company blog. No public revenue, funding rounds, or institutional investors are disclosed; the company remains family-owned with no parent, subsidiaries, or M&A activity identified.

Name

Capital Steel & Wire

Legal name

Capital Steel & Wire, Inc.

Website

https://capitalsteel.net

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Capital Steel & Wire is a privately-held, WBENC woman-owned manufacturer and master distributor of hot-rolled and cold-finished steel bars, billets, and wire rods, serving automotive, defense, heavy equipment, and industrial customers across the U.S. and South America from Michigan-based facilities.

Ownership category

akta.pro rank

Product category

Steel Bar and Wire Manufacturing

NAICS

Rolling and Drawing of Purchased Steel (33122), Steel Product Manufacturing from Purchased Steel (3312), Steel Wire Drawing (331222)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

akta.pro secondary industries

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE), Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF), Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL), Steel Heat Treatment & Metallurgical Processing (Annealing, Quenching/Tempering, Normalizing) (IMAKABAK), Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

Keywords

• Steel bar manufacturing
• Hot rolled steel products
• Cold finished steel
• Wire rod distribution
• Steel processing services

Headquarters

HQ city

Dewitt

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Products Sales: Direct sales of steel bars, wire rods, and wire products. The company sells hot rolled, cold finished, and heat treated steel products in various grades. They offer additional processing services including cold drawing, saw cutting, heat treating, grinding, and bar processing that can be included on single invoices.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Capital Steel & Wire manufactures and distributes hot-rolled and cold-finished steel bar, billet, and wire rod products across grades 1006 through 9260 in carbon, alloy, stainless, and leaded steels. The company operates its own Cold Finishing Steel Mill and offers value-added processing services including cold drawing of bar, wire processing, saw cutting (18 CNC cold saws), heat treating (quench and temper, stress relieve, normalize, anneal), grinding, and comprehensive bar processing. Sales are quote-based with single invoices bundling steel, processing, testing, and freight.

Product overview

Capital Steel & Wire is a steel bar and wire manufacturer and distributor offering a comprehensive portfolio of hot rolled and cold finished steel products along with value-added processing services. The core product lines include Hot Rolled Steel Bars & Billets, Hot Rolled Wire Rod, Heat Treated Steel Bars, and Merchant Bar Quality (MBQ) Steel in the hot rolled category, as well as Cold Drawn Steel Bars, Cold Drawn Steel Wire, and Turned & Polished Steel Bar Stock in the cold finished category. These products span grades from 1006 through 9260 across carbon, alloy, and stainless steels. Complementing the product portfolio are industrial steel solutions services including Cold Drawing, Wire Processing, Saw Cutting, Heat Treating, Grinding, and Bar Processing. The company operates its own cold finishing steel mill and serves as a master distributor of carbon, alloy, stainless, and leaded steels.

Differentiator

Problem solved

Functional benefit

Products and services

• Hot Rolled Steel Bars & Billets Hot rolled steel bars and billets produced through high-temperature processing, available in multiple grades including 8620, 4140, 1215, 12L14, 1060, 1045, and 1018 in various sizes, lengths, and shapes.
• Hot Rolled Wire Rod Hot rolled wire rod available in the same grade range as hot rolled bars, suitable for further processing into wire products.
• Heat Treated Steel Bars Steel bars that have undergone thermal treatment processes to enhance mechanical properties, including grades such as A193 B7.
• Merchant Bar Quality (MBQ) Steel Standard quality steel bars for non-critical applications used in structural applications involving bending, forming, punching, and welding, including grades F1554.
• Cold Drawn Steel Bars Cold drawn steel bars produced by pulling hot rolled bars through carbide dies at room temperature to achieve tighter tolerances, improved surface finish, and increased strength, available in grades 8620, 4140, 12L14, 1215, 1060, 1045, and 1018.
• Cold Drawn Steel Wire Cold drawn steel wire available in round, square, flat, and hex formats, with diameters ranging from .023 to 1.500 inches, suitable for cold forming, welding, and bending applications.
• Turned & Polished Steel Bar Stock Steel bars machined to remove surface imperfections, producing uniform defect-free, decarb-free, scale-free, bright surface with tight size tolerances and improved concentricity that enhances machinability, available in diameters from 0.500 to 12 inches.
• Cold Drawing of Bar In-house cold drawing mill service that provides smoother exterior finish, more precise dimensional tolerances, increased tensile and yield strength, and improved machinability for steel bars.
• Wire Processing Wire processing services offering certified Cold Heading quality, Recessed Head quality, Plating quality, and Black Annealed in wire form or straightened and cut to specific lengths.
• Saw Cutting Precision production saw cutting using CNC cold saws capable of cutting steel to gram weight, precision lengths, or OP10 blank requirements, with standard diameter ranges from 3/8 to 11 inches.
• Heat Treating Heat treating services including Quench and Tempering, Stress Relieving, Normalizing, and Annealing to achieve desired physical properties in steel products.
• Grinding Steel bar grinding services providing the most precise diameter tolerances through in-feed or through-feed grinding processes.
• Bar Processing Comprehensive bar processing including Shot Blasting, Cold Drawing, Turn and Polishing, Grinding, Turn Grind Polish, Precision Cold Saw Cutting, and Thermal Treatment.

Quantifiable outcome

• 99% recycled steel used in production
• +2 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Olympic Steel: Publicly traded national steel service center processing flat-rolled, sheet, plate, and tubular products; overlaps Capital Steel in processing services and OEM customer base but at substantially greater scale.
• Worthington Industries: Diversified steel processor with pressure-cylinder, steel-processing, and sustainable-construction businesses; competes broadly in bar/wire processing and value-added conversion similar to Capital Steel's model.
• Alro Steel: National metals service center distributing steel, aluminum, and other metals with extensive processing capabilities; competes with Capital Steel for OEM processing contracts.

Direct peers

• JTM Industries: Steel service center and processor focused on bar products and value-added processing, comparable to Capital Steel's mid-size processing-distribution business model.
• Taubensee Steel & Wire Company: Manufacturer and master distributor of cold-finished steel bars and wire-rods; competes with Capital Steel in cold-drawn bar and wire products for fastener and OEM markets.
• Mill Steel Company: Grand Rapids, Michigan-based flat-rolled and bar steel service center with processing capabilities; competes directly with Capital Steel in the Midwest OEM and service-center space.
• Benedict-Miller: Master distributor of cold-finished and hot-rolled steel bars serving OEM customers across the Northeast and Midwest; comparable product breadth and customer mix to Capital Steel.
• Steel Technologies LLC: Flat-rolled and bar steel processor serving automotive, appliance, and heavy-equipment OEMs with extensive processing capabilities, directly comparable to Capital Steel's cold-finished bar and processing services.
• Central Steel & Wire: Master distributor and processor of carbon, alloy, and stainless steel bar, wire, and plate with a broad service-center model nearly identical to Capital Steel's, including in-house processing and JIT programs.

Regional players

• Klein Steel Service: Rochester, New York-based service center offering processing and JIT delivery across multiple grades; regional overlap with Capital Steel in the Northeast and Mid-Atlantic OEM markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CapSteelWire
• LinkedInlinkedin.com/company/capital-steel-&-wire

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Capital Steel & Wire