City Steel Public Company
City Steel Public Company Limited is a Thai SET-listed metal manufacturer producing storage systems, material handling equipment, and structural steel products from Chonburi, serving over 2,000 industrial customers across 25 sectors via its 25,000-ton-capacity factories.
- Company typePublic
- Founded1994
- HeadquartersChonburi, Thailand
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What City Steel Public Company does
City Steel Public Company Limited is a Thailand-based, SET-listed (ticker: CITY) industrial manufacturer of metal fabrication products, storage systems, and material handling equipment, headquartered in Chonburi. Founded in 1994 and listed on the Stock Exchange of Thailand since February 23, 2006, the company operates four business units: City Steel Product (manufacturing of structural steel, storage systems, and material handling equipment), City Steel Service (semi-finished products and metal fabrication services), City Steel Support (corporate functions), and City Steel Investment (investment in new business ventures). Through its wholly-owned subsidiary Mark Worldwide Co., Ltd., the group operates two factories and one metal processing service center in Chonburi with combined production capacity of 25,000 tons per year (16,000 tons at the parent and 9,000 tons at the subsidiary), serving more than 2,000 customers across 25 industrial sectors — primarily automotive, petrochemical, banking, food and beverage, and healthcare.
The company's product portfolio spans four categories: Storage Systems (mezzanine, selective, narrow aisle, double deep, roll-form, rack support, slide, cantilever, drive-in, flow, live storage, push-back, powered, mobile, and T-shelving systems); Material Handling Equipment (dollies, pallets, roll containers, metal containers, stacktainers, wiremesh containers, conveyors, and dock equipment); Metal Products (structural and stainless steel); and Other Products. It sells primarily through direct, project-based engagement with industrial customers, with no long-term contracts and a cost-plus pricing policy designed to protect margins against steel price volatility (steel representing approximately 60% of cost of sales). The company maintains no borrowings from financial institutions and operates exclusively within Thailand with a single-country distribution scope.
Financial performance has deteriorated sharply, with revenue declining from approximately 6.17 to 2.12 (in stated units) between 2021 and 2025 — a roughly 66% contraction — while EBITDA, operating income, and net income have been negative in each of the last three reported years (2023–2025), reflecting margin compression despite the debt-free balance sheet. GTM motion is sales-led, with no digital channels of consequence and limited evidence of product, geographic, or technology-based expansion initiatives in the input data.
City Steel Public Company firmographics
Firmographics- Name
- City Steel Public Company
- Legal name
- City Steel Public Company Limited
- Website
- https://citysteelpcl.com
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- City Steel Public Company Limited is a Thai SET-listed metal manufacturer producing storage systems, material handling equipment, and structural steel products from Chonburi, serving over 2,000 industrial customers across 25 sectors via its 25,000-ton-capacity factories.
- Ownership category
- akta.pro rank
City Steel Public Company industry classification
Industry- Product category
- Industrial Metal Fabrication and Storage Systems
- NAICS
- Steel Product Manufacturing from Purchased Steel (3312), All Other Fabricated Metal Product Manufacturing (33299), Other Fabricated Metal Product Manufacturing (3329)
- SIC
- Sheet Metal Work (3444), Fabricated Structural Metal Products (3440), Miscellaneous Fabricated Metal Products (3490)
- akta.pro primary industry
- Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)
Keywords
Where City Steel Public Company is headquartered
LocationHeadquarters
- HQ city
- Chonburi
- HQ country
- Thailand
- HQ region
- Asia
Offices3 records
Markets served
City Steel Public Company business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure
Revenue model
- Metal Product Manufacturing: Manufacturing and distribution of metal structural products, storage systems, and material handling equipment on a project basis. Revenue is generated through one-time project sales with cost-plus pricing policy. The company serves diverse industrial customers with custom fabrication needs.
- Metal Processing Services: Semi-finished metal products and comprehensive metal fabrication services provided through the company's processing service center. Revenue generated from steel processing and metal fabrication services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Cost-Plus Pricing Model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
City Steel Public Company product offering
Product offeringCore offering
City Steel Public Company manufactures and distributes metal fabrication products, including industrial storage systems, material handling equipment, and structural steel products, through four business units (City Steel Product, City Steel Service, City Steel Support, and City Steel Investment). The company also operates a metal processing service center providing semi-finished metal products, custom fabrication, installation, and after-sales services for industrial customers across 25 sectors, with a total group production capacity of 25,000 tons per year.
Product overview
City Steel Public Company is a manufacturer of metal fabrication products operating four business units: City Steel Product (manufacturing and distribution of structural steel, storage and material handling equipment), City Steel Service (semi-finished products and comprehensive metal fabrication services), City Steel Support (corporate functions), and City Steel Investment (investment in new business ventures). The company's product portfolio consists of four main categories: Storage System (industrial shelving and warehouse solutions), Material Handling Equipment (dollies, pallets, conveyors, containers), Metal Product (structural and stainless steel), and Other Product (additional metal solutions). The company serves over 2,000 customers across 25 industrial sectors with a total production capacity of 25,000 tons per year through two factories and a metal processing service center.
Differentiator
Problem solved
Functional benefit
Brands
- City Steel Product: Metal fabrication, storage system and material handling products
- City Steel Service
- City Steel Support
- City Steel Investment
Products and services
- Storage System Industrial storage solutions including mezzanine, selective, narrow aisle, double deep, roll-form, rack support, slide, cantilever, drive-in, flow, live storage, push-back, powered, mobile, and T-shelving systems used for warehouse and facility organization by industrial customers.
- Material Handling Equipment Equipment for material transport and handling including dollies, pallets, roll containers, metal containers, stacktainers, wiremesh containers, conveyors, dock equipment, and general material handling solutions for industrial operations.
- Metal Product Metal fabrication products including structural steel and stainless steel products for construction and industrial applications.
- Other Product Additional metal products and solutions beyond the main product categories, serving various industrial needs through custom manufacturing.
- Metal Processing Services Semi-finished metal products and comprehensive metal fabrication services provided through the company's metal processing service center, with combined capacity of 16,000 tons per year for City Steel plus 9,000 tons per year via the Mark Worldwide Co., Ltd. subsidiary.
Companies that use City Steel Public Company
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
City Steel Public Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
City Steel Public Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mark Worldwide Co., Ltd.coreWholly-owned subsidiary of City Steel Public Company, operating as a separate manufacturing facility with 9,000 tons/year production capacity. Established to accommodate increasing product demand and to separate BOI-promoted products accounting from non-promoted products.
Scale indicators4 records
Recent moves6 records
Expansion highlights3 records
City Steel Public Company competitors and assessment
Company assessmentDirect peers
- Nedcon: Netherlands-based manufacturer of industrial storage systems including pallet racking and shelving. Direct comparable to City Steel's storage systems product line, with similar focus on metal-fabricated racking for warehouse and manufacturing customers.
- Dexion: Global storage racking manufacturer (part of Constructor Group) with Thai operations. Directly competes with City Steel in pallet racking, shelving, and industrial storage systems for warehouse and manufacturing customers.
Broad incumbents
- Kardex: Swiss storage solutions provider specializing in automated storage, retrieval systems, and vertical lift modules. Overlaps with City Steel's storage systems offering, particularly in industrial and warehousing use cases.
- Dematic: Global supplier of integrated automated supply chain technology including storage, conveyors, and material handling systems. Comparable as a broad incumbent in the same end-markets City Steel serves, though focused on automation rather than conventional racking.
- Jungheinrich: German intralogistics company producing forklifts, pallet racking, and automated warehouse solutions. Overlaps with City Steel in racking and material handling equipment, but operates as a much larger incumbent with global reach.
- SSI Schaefer: German-based global intralogistics and storage systems integrator. Offers a much broader portfolio including ASRS, shelving, and automated solutions — overlaps directly with City Steel's storage systems business at the higher end of the market.
- Daifuku: Japanese global leader in material handling automation including conveyors, ASRS, and sorting systems. Comparable to City Steel's material handling equipment line, particularly for automotive and industrial customers in Southeast Asia.
Emerging players
- Interroll: Swiss manufacturer of conveyor technology, rollers, and material handling components. Comparable to City Steel's conveyor and material handling equipment product line, with complementary role in automated intralogistics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
City Steel Public Company social profiles
Digital presenceCity Steel Public Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
City Steel Public Company leadership team
Management profileNumber of profiles
City Steel Public Company subsidiaries and ownership
Company hierarchySubsidiaries1 record
City Steel Public Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
City Steel Public Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about City Steel Public Company
What does City Steel Public Company do?
City Steel Public Company manufactures and distributes metal fabrication products, including industrial storage systems, material handling equipment, and structural steel products, through four business units (City Steel Product, City Steel Service, City Steel Support, and City Steel Investment). The company also operates a metal processing service center providing semi-finished metal products, custom fabrication, installation, and after-sales services for industrial customers across 25 sectors, with a total group production capacity of 25,000 tons per year.
Is City Steel Public Company a public or private company?
City Steel Public Company is a public company. It is classified as public and is currently operating.
When was City Steel Public Company founded?
City Steel Public Company was founded in 1994. It employs 251 to 500 people.
Where is City Steel Public Company based?
City Steel Public Company is headquartered in Chonburi, Thailand, in the Asia region.
How does City Steel Public Company make money?
Two revenue lines are on record. Metal Product Manufacturing is the primary driver. The others are metal Processing Services.
Who are City Steel Public Company's main competitors?
Direct peers on record are Nedcon and Dexion. Broad incumbents are Kardex, Dematic, Jungheinrich, SSI Schaefer and Daifuku. Interroll is listed as an emerging player.
Does City Steel Public Company have an API?
No public API is recorded for City Steel Public Company.
What industry is City Steel Public Company in?
City Steel Public Company's product category is Industrial Metal Fabrication and Storage Systems. Its primary akta.pro industry code is IMAKABAL, Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling). Its NAICS code is 3312 and its SIC code is 3444.