Worthington Steel Inc

Worthington Steel (NYSE: WS) is a value-added metals processing and manufacturing company operating approximately 150 facilities, primarily in North America with additional operations in Europe and Asia. The company employs approximately 12,000 people and provides specialized solutions across carbon flat-rolled steel, aluminum, stainless steel, long products, heavy plate, and electrical steel. Its processing capabilities include galvanizing, pickling, configured blanking, specialty cold reduction, electrical steel laminations, tailor welded solutions, fabrication, and precision processing. Worthington Steel serves a broad range of industries including automotive, construction, and electrical infrastructure. Following its June 2026 majority acquisition of Klöckner & Co SE, the company has significantly expanded its geographic footprint, product offerings, and downstream reach, adding aluminum, stainless, long products, plate, and fabrication capabilities. The company operates on a make-to-order, contract-based model where approximately 90% of direct-sale shipments run through at least two value-added processes, earning a processing spread rather than a commodity margin. Updated Oct 7, 2026