# Worthington Steel

> Worthington Steel processes metals to manufacturers’ specifications, combining carbon flat-rolled steel services with TWB tailor welded blanks and Tempel electrical steel laminations. Its customers build vehicles, industrial equipment and electrical infrastructure. The Columbus company became independently listed in 2023 and acquired a majority stake in Kloeckner in June 2026.

- **Founded:** 1955
- **Headquarters:** Columbus, United States
- **Founders:** John H. McConnell (Founder of the original Worthington Steel business)
- **Products:** Carbon flat-rolled steel processing, TWB tailor welded solutions, Tempel electrical steel laminations, Toll processing, Materials and supply-chain support
- **Notable:** Completed its separation into an independent NYSE-listed company on December 1, 2023., Acquired a majority stake in Kloeckner on June 3, 2026., Opened Tempel Canada’s 250,000-square-foot Burlington facility in June 2026, an approximately $85 million investment.

## Products & services

- **Carbon flat-rolled steel processing** — Pickling, galvanizing, slitting, blanking, cut-to-length and specialty rolling to customer specifications.
- **TWB tailor welded solutions** — Laser-welded sheets of differing thickness, strength or coating, supplied for stamping or forming; engineering support for material and weight optimization.
- **Tempel electrical steel laminations** — Precision electrical steel components for motors, generators and transformers, with prototyping, tooling and engineering services. Tempel joined the predecessor company in 2021.
- **Toll processing** — Processing services for customer-owned metal, allowing buyers to use external capacity and equipment.
- **Materials and supply-chain support** — Material selection, testing, technical support, inventory and supply-chain coordination.
- **Expanded metals portfolio through Kloeckner** — Majority-owned Kloeckner adds aluminum, stainless steel, long products, heavy plate and fabrication capabilities; it continues to operate independently pending effectiveness of the operating-control agreement.

## Achievements

- Completed its separation into an independent NYSE-listed company on December 1, 2023.
- Acquired a majority stake in Kloeckner on June 3, 2026.
- Opened Tempel Canada’s 250,000-square-foot Burlington facility in June 2026, an approximately $85 million investment.
- Reported a fifth General Motors Supplier of the Year recognition in 2026 and a 14th consecutive John Deere Partner-level rating.

## Latest updates

- **2026-10** — October 21: said it would not seek another operating-control agreement vote for at least one year if the October 23 Kloeckner meeting failed to approve it. Kloeckner remains independently operated pending effectiveness; no vote outcome is asserted here.
- **2026-10** — October 6: reported fiscal Q1 2027 continuing-operations sales of $2.7266 billion, including Kloeckner, and a $7.0 million continuing-operations loss attributable to controlling interest.
- **2026-09** — Signed the Kloeckner domination and profit and loss transfer agreement, subject to shareholder approval and registration; effectiveness cannot precede January 1, 2027.
- **2026-06** — Opened the expanded Tempel Canada facility and completed the initial Kloeckner takeover offer.

## Links

- Website: https://worthingtonsteel.com
- LinkedIn: https://www.linkedin.com/company/worthingtonsteel/
- Instagram: https://www.instagram.com/worthington_steel/
- Facebook: https://www.facebook.com/people/Worthington-Steel/100093422595541/

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Profile page: https://yespress.io/worthington-steel
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Last updated: 2026-10-23