Godo Steel

What Godo Steel does

Godo Steel, Ltd. (合同製鐵株式会社) is a Japan-based electric arc furnace (EAF) steelmaker founded in 1937 and headquartered in Osaka, listed on the Tokyo Stock Exchange Prime Market. The company operates three integrated manufacturing works (Osaka, Himeji, Funabashi) producing long steel products including wire rods, shapes/H-beams, structural bars, rails, deformed reinforcing bars, semi-finished billets, and a proprietary line of EG Joint mechanical reinforcing bar joints and EG anchor plates built on friction pressure welding technology. Godo Steel's process is recycling-based: scrap steel is melted in electric arc furnaces and routed through ladle refining, continuous casting, and rolling to finished product in-house, with a stated CO2 footprint over 80% below 1990 levels.

The company generates revenue through direct B2B sales of manufactured steel products to construction companies, civil engineering firms, industrial machinery manufacturers (construction, agricultural, shipbuilding), automotive parts suppliers, and railway/crane operators, augmented by wholly-owned trading subsidiary Gotetsu Sangyo and the joint sales company Kanto D-Bar Steel. Nippon Steel Corporation is the largest shareholder at 17.6%, anchoring a long-running strategic relationship. EG Joint products and the co-developed FW Anchor anchor system represent higher-margin specialty revenue streams differentiated by certified mechanical performance (BCJ Grade A, SABTEC, JSCE SA Grade) and installation simplicity using only a torque wrench.

Godo Steel reported FY2025 standalone revenue of 93.5 billion yen (as of March 31, 2026) with 772 employees and 17,208 shareholders. Strategic positioning emphasizes sustainability leadership in EAF steelmaking, multi-product domestic supply from a single supplier, and certified differentiated products (EG Joint, GSD685B high-strength rebar) targeting Japan's construction and infrastructure markets.

Name

Godo Steel

Legal name

合同製鐵株式会社

Website

https://godo-steel.co.jp

Company type

Public

Founded year

1937

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Godo Steel is a Japan-based electric arc furnace steelmaker (founded 1937, Osaka-headquartered, TSE Prime) producing wire rods, structural bars, rails, deformed bars, and proprietary EG Joint mechanical reinforcing bar joints across three manufacturing works for construction, civil engineering, and industrial machinery customers.

Ownership category

akta.pro rank

Product category

Steel Products Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (33111), Steel Product Manufacturing from Purchased Steel (3312), Plate Work and Fabricated Structural Product Manufacturing (33231), Rolling and Drawing of Purchased Steel (33122)

SIC

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

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

akta.pro secondary industries

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Steel Plate, Sections & Welded Assemblies (IMADACAD), Ferrous Scrap Processing & Brokerage (Steel & Cast Iron) (IMAKAMAA)

Keywords

• Electric arc furnace steelmaking
• Steel bar manufacturing
• Recycling scrap steel
• Reinforcing bar production
• Structural steel products

Headquarters

HQ city

Osaka

HQ country

Japan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Product Manufacturing and Sales: Manufacturing and selling steel products including wire rods, shapes, structural bars, rails, deformed bars, and steel billets. Revenue is generated through direct sales to construction companies, civil engineering firms, manufacturing companies, and distribution partners.
2. Mechanical Joint Products (EG Joint): Sales of EG Joint mechanical reinforcing bar joints and EG anchor plates for construction applications. These are sold as finished products to construction companies and steel distributors.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Godo Steel manufactures and sells steel products using electric arc furnace technology that recycles scrap steel. The company produces wire rods, H-beams and shapes, structural bars, rails, deformed reinforcing bars, steel billets, and mechanical joints/anchor plates (EG Joints) for construction, civil engineering, and industrial manufacturing customers in Japan. The company operates three integrated manufacturing bases at Osaka, Himeji, and Funabashi and is the top domestic manufacturer of soft steel wire rods.

Product overview

Godo Steel operates as an electric arc furnace steel manufacturer producing a comprehensive portfolio of steel products across its Osaka, Himeji, and Funabashi manufacturing facilities. The company's core product lineup includes wire rods (線材), H-beams and channels (形鋼), structural bars (構造用棒鋼), rails (軌条), deformed reinforcing bars (異形棒鋼), mechanical joints and anchor plates (EGジョイント), semi-finished billets (鋼片), and deformed bars in coil (異形コイル鉄筋). Products are manufactured through an integrated electric arc furnace process using recycled steel scrap, and the company holds top domestic market share in soft steel wire rods. EG Joints utilize proprietary friction welding technology for simplified construction installation.

Differentiator

Problem solved

Functional benefit

Brands

• EG Joint: Mechanical reinforcing bar joints and anchor plates made by friction welding of Godo Steel's deformed bars
• EG定着板 (EG Anchor Plate)
• FWアンカー (FW Anchor)

Products and services

• Wire Rods (線材)

Quantifiable outcome

• Over 80% reduction in CO2 emissions compared to 1990 levels through EAF technology and fuel conversion from petroleum to natural gas
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Asahi Industries Co., Ltd. (朝日工業株式会社)coreChannel Partner/ Reseller/ Distributor · 1 October 2019Established joint sales company Kanto D-Bar Steel Corporation in October 2019 with Asahi Industries for bar steel and processed products sales in Kanto region. Asahi Industries became a consolidated subsidiary in March 2019.
• Sanko Seiko Co., Ltd. (三興製鋼株式会社)minorStrategic or Co-development Partner · 1 September 2004Business alliance formed in September 2004 for technical and commercial cooperation in steel business.
• Tokyo Tekko Co., Ltd. (東京鐵鋼株式会社)minorChannel Partner/ Reseller/ Distributor · 1 February 2002Jointly established Tokyo D-B Steel Co., Ltd. in February 2002 as a cooperative sales company. Tokyo D-B Steel was dissolved in July 2013.
• Himeji Tekko Refine Co., Ltd. (姫路鐵鋼リファイン株式会社)minorStrategic or Co-development Partner · 1 February 197450% owned affiliate handling electric furnace dust processing and crude zinc oxide manufacturing and sales.
• SE Corporation (株式会社エスイー)coreStrategic or Co-development PartnerJoint development partner for FW Anchor (post-installed anchor) products. SE Corporation serves as the sales agent for FW Anchor products.
• Nakayama Steel Products Co., Ltd. (中山鋼業株式会社)minorStrategic or Co-development Partner45% owned affiliate (関連会社) producing deformed bars under commission at Osaka Works. Located adjacent to Osaka Works.
• Noto Forest Association (能登森林組合)minorStrategic or Co-development PartnerPartnership for forestry activities and tree planting in Anamizu Town, Ishikawa Prefecture. Godo Steel maintains 11 hectares of forest land for CO2 absorption activities.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Nippon Steel Corporation: Japan's largest integrated steelmaker and Godo Steel's largest shareholder (17.6%). A broad incumbent competitor across all product categories while simultaneously a strategic partner.
• Schnitzer Steel Industries: U.S.-based scrap metal recycler and EAF steelmaker — globally comparable EAF/scrap-based steel business model to Godo Steel, useful for benchmarking margin and cycle dynamics (regional rather than direct competitor).
• Daido Steel: Japan's leading specialty steelmaker — broad-incumbent peer for the specialty alloy/high-strength bar businesses where Godo Steel has its SD685B/GSD685B product line.
• JFE Steel: Major Japanese integrated steelmill and dominant force in Japan structural steel/shapes — broad incumbent competitor in the same end markets but with integrated blast-furnace/BOF production versus Godo Steel's EAF model.

Others

• Metal One: Japan's largest steel trading/trading company — adjacent ecosystem player that competes for downstream distribution share and is a potential partner/channel for Godo Steel's products.

Direct peers

• Nakayama Steel Products: Japanese rebar manufacturer producing deformed bars on commission at Godo Steel's Osaka Works (45% affiliate) — making it a tightly intertwined EAF/rebar peer and partner.
• Kyoei Steel: Japanese EAF-based steelmaker producing rebar, structural shapes, and wire rod products — direct EAF competitor to Godo Steel and a 3.5% shareholder establishing mutual shareholding.
• Sanko Seiko: Japanese EAF producer and a 2004-era business alliance partner of Godo Steel; another domestic EAF rebar/structural producer serving similar construction end markets.
• Asahi Industries: Japanese rebar producer specializing in deformed bars; became a wholly-owned consolidated subsidiary of Godo Steel in 2019, a direct downstream EAF/rebar peer and partner.
• Tokyo Tekko: Japanese EAF steelmaker focused on rebar and structural bars — historically partnered with Godo Steel in the joint sales company Tokyo D-Bar Steel (dissolved 2013) and a direct EAF competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/godo_steel2017
• LinkedInlinkedin.com/company/godo-steel-ltd

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries11 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 Godo Steel