Worthington Steel

Name

Worthington Steel

Legal name

Worthington Steel, Inc.

Website

https://worthingtonsteel.com

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Steel Processing

NAICS

Rolling and Drawing of Purchased Steel (33122), Rolled Steel Shape Manufacturing (331221), Steel Product Manufacturing from Purchased Steel (3312)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Sheet Metal Work (3444)

akta.pro primary industry

Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF)

akta.pro secondary industries

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG), Industrial & Manufacturing Scrap Recycling (Factory Scrap, Turnings, Offcuts) (IMAKAMAE)

Keywords

• Carbon flat-roll steel
• Electrical steel laminations
• Tailor welded blanks
• Steel processing services
• Galvanized steel products

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices34 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. Carbon Flat-Roll Steel Processing Sales: Direct sales of hot rolled, cold rolled, and galvanized steel products processed to customer specifications, including cut-to-length, slitting, pickling, blanking, temper rolling and oscillate slitting. Q4 FY2026 net sales of $929.2 million, up 12% year-over-year.
2. Electrical Steel Laminations Sales (Tempel): Sales of precision electrical steel laminations for electric motors, transformers, and generators serving EV/HEV, industrial motor, and electrical infrastructure markets. Acquired in 2021 as largest acquisition to date.
3. Tailor Welded Blanks Joint Venture Revenue (TWB): Revenue from TWB Company, a joint venture with BAOSteel Tailored Blanks (Worthington Steel as majority owner), producing laser-welded blanks for automotive lightweighting across North America with affiliated facilities in Europe and Asia.
4. Materials Support and Supply Chain Services: Value-added services bundled with steel processing including materials sourcing, price risk management, supply chain optimization, and technical consulting delivered by dedicated materials support and supply chain teams.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Worthington Steel is a metals processing company that produces and processes carbon flat-roll steel, electrical steel laminations, and tailor welded blanks for industrial OEM customers. Its core offerings span hot-rolled, cold-rolled, and galvanized steel processing alongside value-added engineered products such as hot-formed tailored blanks and tailored aluminum blanks. The company serves automotive, heavy truck, agriculture, energy, and construction end-markets through direct sales, joint ventures (TWB Company), and subsidiaries (Tempel Steel, Sitem Group).

Differentiator

Problem solved

Functional benefit

Brands

• Worthington Steel Processing: Core carbon flat-roll steel processing brand offering hot rolled, cold rolled, strip and galvanized steel products.
• Tempel Steel
• TWB Company
• The Worthington Companies Foundation

Products and services

• Hot Rolled Steel Hot-rolled carbon flat-roll steel processed by Worthington Steel for use in automotive, heavy truck, agriculture, construction, and energy applications where high strength and formability are required.
• Cold Rolled Steel Cold-rolled carbon flat-roll steel produced by Worthington Steel for OEMs requiring tighter tolerances, improved surface finish, and enhanced formability for downstream stamping and forming operations.
• Galvanized Steel Zinc-coated (galvanized) flat-roll steel products supplied by Worthington Steel for corrosion-resistant applications across automotive body panels, construction products, and outdoor equipment.
• Electrical Steel Laminations (Tempel Steel) Precision electrical steel laminations produced by Tempel Steel, a Worthington Steel subsidiary, for use in motors, transformers, generators, and other electromagnetic equipment requiring tight dimensional tolerances and consistent magnetic properties.
• Tailor Welded Blanks (TWB Company) Laser-welded steel blanks of varying thicknesses, grades, and coatings produced by TWB Company for automotive OEMs seeking weight savings, part consolidation, and improved crash performance in body-in-white structures.
• Hot Formed Tailored Blanks Hot-formed (press-hardened) tailored blanks offered by Worthington Steel for automotive safety-critical structural components requiring ultra-high strength after forming.
• Tailored Aluminum Blanks Tailored aluminum blanks offered by Worthington Steel for automotive OEMs pursuing multi-material lightweighting strategies and EV body structures.
• Tailored Welded Coil Tailored welded coil products supplied by Worthington Steel for customers requiring variable-gauge or multi-grade coils for downstream stamping applications.
• WS Connect Customer Portal WS Connect is Worthington Steel's proprietary digital customer portal enabling customers to place orders, track shipments, manage inventory, and access supply chain tools for processed steel products.
• Materials Support Service Materials support service provided by Worthington Steel to help OEM customers manage steel inventory, quality, and logistics within their operations.
• Supply Chain Solutions Supply chain consulting and management solutions offered by Worthington Steel to industrial customers to improve steel sourcing, logistics, and inventory performance.
• Price Risk Management / Buying Strategies Price risk management programs (buying strategies) offered by Worthington Steel to help customers hedge against steel price volatility through tailored purchasing programs.

Quantifiable outcome

• $400,000 per year increase in scrap revenue for a customer through Worthington Steel's flat roll processing group
• +6 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

18 partnerships are on record, tiered flagship, minor and core.

• Klöckner & Co SEflagshipStrategic or Co-development Partner · 3 June 2026Worthington Steel completed its voluntary public takeover of German metals processor Kloeckner & Co SE on June 3, 2026, securing approximately 62% of outstanding shares at €11.00 per share ($2.4 billion enterprise value). Combined entity will create the second-largest steel service center company in North America with over $9.5 billion in combined revenue and approximately 12,000 employees. The deal is expected to generate approximately $150 million in annual run-rate synergies by fiscal year 2028, with 95-99% of those synergies derived from Kloeckner's North American operations. Worthington Steel plans to launch a Public Delisting Tender Offer to acquire all remaining shares.
• Center on Responsible Artificial Intelligence and Governance (CRAIG)minorStrategic or Co-development Partner · 1 December 2025A coalition of universities and private companies, including Meta, Nationwide, Honda Research, Cisco, Worthington Steel, and Bread Financial, launched the Center on Responsible Artificial Intelligence and Governance (CRAIG) with funding from the U.S. National Science Foundation to help organizations ethically deploy AI at scale. The center is led by faculty from Ohio State, Northeastern Baylor, and Rutgers universities and plans to support 30 Ph.D. researchers and hundreds of students over five years.
• Sitem GroupcoreStrategic or Co-development Partner · 3 June 2025Worthington Steel completed the acquisition of an approximately 52% controlling equity stake in Italy-based Sitem Group in June 2025 through its subsidiary Tempel Steel Company. Sitem Group operates six manufacturing facilities across Italy, Switzerland, Slovakia and France. The transaction involved a combination of cash investment, acquisition of shares from existing shareholders, and contribution of Worthington Steel's Nagold, Germany facility. Sitem Group continues to be led by its existing management team from its headquarters in Trevi, Italy.
• BAOSteel Tailored BlankscoreStrategic or Co-development Partner · 1 January 1992TWB Company is a joint venture between Worthington Steel (as majority owner) and BAOSteel Tailored Blanks, formed in 1992. Based in Monroe, Michigan, TWB is the North American market and technology leader for tailor welded products with multiple locations throughout the United States, Mexico, and Canada, plus global support from affiliated facilities throughout Europe and Asia.
• U.S. Department of Defense SkillBridge ProgramminorStrategic or Co-development PartnerWorthington Steel partners with the U.S. Department of Defense-certified SkillBridge Program, connecting transitioning service members to skills training and career opportunities. The program is hosted at several Worthington locations with a focus on skilled trade and operation leadership roles. Participants spend their last 180 days of service with the company.
• The Overwatch PartnershipminorStrategic or Co-development PartnerThe Overwatch Partnership offers mentorship and job search support for veterans. Worthington Steel's talent acquisition team has designated specialists who provide advice on resume writing, networking, interviewing skills and more to help ensure a smooth transition into the workforce.
• Military-Transition.orgminorGTM or Marketing PartnerWorthington Steel is a gold-level sponsor of Military-Transition.org, a nonprofit providing research, resources and tools to help service members, veterans, spouses and employers navigate the shift from military to civilian life.
• American Iron and Steel Institute (AISI)minorOthersIndustry trade association since 1855 that influences public policy and supports a strong, sustainable American steel industry.
• ASTM InternationalminorOthersFounded in 1898, ASTM sets the global standard for safety, quality and performance through consensus-based standards developed by technical experts.
• Society of Automotive Engineers (SAE)minorOthersFounded in 1905, SAE advances mobility innovation through cutting-edge research and solutions that shape transportation and engineering worldwide.
• Metals Service Center Institute (MSCI)minorOthersWith roots dating back to 1907, MSCI champions the metals service center industry by providing resources, leadership and programs that foster resilience and growth.
• Fabricators and Manufacturers Association (FMA)minorOthersFounded in 1970, FMA supports the growth and sustainability of North America's metal forming and fabricating industries through advocacy, training and networking.
• EWI (Edison Welding Institute) Industrial Advisory BoardminorOthersSince 1984, EWI has provided groundbreaking technical solutions that boost manufacturing performance and competitiveness.
• Association of Women in the Metal Industries (AWMI)minorOthersEstablished in 1981, AWMI is dedicated to advancing women in the metal industries by fostering education, leadership and career development opportunities.
• National Electrical Manufacturers Association (NEMA)minorOthersSince 1926, NEMA has created favorable business environments for electrical manufacturers through policy advocacy, standards development and industry support.
• Truck Trailer Manufacturers Association (TTMA)minorOthersEstablished in 1943, TTMA is committed to enhancing safety, quality and competitiveness in the North American truck trailer manufacturing sector.
• Steel Framing Industry Association (SFIA)minorOthersSince 2011, SFIA has expanded the use of cold-formed steel in construction, driving sustainability, education and advocacy initiatives.
• National Corrugated Steel Pipe Association (NCSPA)minorOthersEstablished in 1956, NCSPA promotes the use of corrugated steel in construction, sharing technical knowledge and advocating for sound public policies.

Scale indicators20 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Nucor Corporation: Nucor (NYSE: NUE) is the largest steel producer in the United States and a major supplier of carbon flat-rolled steel (including hot-rolled, cold-rolled, and galvanized) to service centers like Worthington. As an integrated producer with downstream processing capabilities, it represents a partial upstream/downstream comparable and a critical counterparty in the steel value chain.
• Commercial Metals Company:
• thyssenkrupp Steel Europe: thyssenkrupp Steel Europe is one of Europe's largest flat-rolled steel producers, headquartered in Germany, with a broad portfolio of carbon and stainless steel products serving the European automotive, construction, and industrial markets. It is a major counterparty and competitor relevant to Worthington Steel's newly expanded European footprint via Kloeckner and Sitem Group.
• Reliance Steel & Aluminum: Reliance Steel & Aluminum (NYSE: RS) is the largest metals service center company in North America, with a similar business model of processing and distributing carbon steel, aluminum, stainless steel, and other metals to a broad industrial customer base. It is the most direct large-cap comparable to Worthington Steel's flat-rolled processing and distribution business, though it operates a broader metals portfolio and serves a wider set of end markets.
• Steel Dynamics: Steel Dynamics (NASDAQ: STLD) is a major U.S. integrated steel producer with significant flat-rolled steel output and a fabrication business (OmniSource). It is a key competitor to Nucor and a major source of flat-rolled steel supply, with comparable exposure to the automotive, construction, and energy end markets served by Worthington Steel.

Direct peers

• Ryerson Holding Corporation: Ryerson (NYSE: RYI) is a publicly traded value-added processor and distributor of industrial metals, including carbon flat-rolled steel, with a comparable processing-focused model serving industrial end markets. The two companies overlap directly in carbon flat-rolled processing and in serving OEMs across automotive, industrial machinery, and fabrication customers.
• Russel Metals: Russel Metals (TSX: RUS) is one of the largest metals service center companies in North America, distributing and processing carbon steel, stainless steel, and aluminum. It is highly comparable to Worthington Steel as a direct competitor in flat-rolled processing and distribution, with a similar focus on industrial and energy end markets.
• Olympic Steel: Olympic Steel (NASDAQ: ZEUS) is a U.S.-based metals service center and steel processor specializing in flat-rolled carbon steel products, including OLY.TUBE and Chicago Tube & Iron, serving similar OEM and industrial customer segments as Worthington Steel. It is a direct competitor in flat-rolled processing with comparable scale and customer mix.
• Steel Technologies: Steel Technologies is a privately held flat-rolled steel processor and one of the largest in North America, serving automotive, construction, and industrial customers. It is a direct competitor to Worthington Steel's flat-rolled processing business with similar end-market exposure and customer types.

Regional players

• Algoma Steel Group: Algoma Steel (NASDAQ: ASTL) is a Canadian integrated steel producer focused on flat-rolled carbon steel products for the North American automotive, construction, and manufacturing markets. It is a regional flat-rolled competitor whose product portfolio overlaps with the steel types that Worthington Steel processes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/worthingtonsteel1
• LinkedInlinkedin.com/company/worthingtonsteel
• Instagraminstagram.com/worthington_steel

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Worthington Steel