Standard Steel, LLC is a renowned manufacturer of forged steel wheels and axles for freight railcars, locomotives, and passenger railcars. Being the sole producer of forged steel wheels for railcars and locomotives in North America, it has established a strong foothold in the industry. Its esteemed clientele encompasses major Class I railroads, freight railcar builders, railcar and locomotive maintenance shops, Amtrak national railroad, locomotive builders, and regional transit authorities. Founded in 1795, the company has a rich history, and its expertise in the manufacturing industry is evident through its longevity. In 2011, Standard Steel, LLC and its affiliated companies were acquired by Sumitomo Metal Industries, Ltd. and Sumitomo Corporation. Moreover, in 2012, Sumitomo Metal Industries, Ltd. merged with Nippon Steel Corporation to form Nippon Steel & Sumitomo Metal Corporation, which became the majority owner of Standard Steel. With a focus on the manufacturing sector, Standard Steel, LLC's impressive track record and its association with industry giants make it an enticing prospect for potential investors. The company's historical significance, coupled with its strategic ownership, positions it as a key player in the rail manufacturing landscape.
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