Worthington Steel, Inc.

Worthington Steel, Inc. operates as an intermediate processor of carbon flat-rolled steel and produces electrical steel laminations and tailor welded products. The company purchases coils from primary mills and processes them to customer specifications through methods such as pickling, galvanizing, slitting, and blanking. It also offers toll processing services for steel mills and service centers. Key products include precision magnetic steel laminations for automotive and industrial motor applications, along with tailor welded blanks designed to lower weight and consolidate parts. Its primary client base spans industries including automotive, construction, machinery, and agriculture.

The company operates 34 manufacturing facilities across the United States, Canada, Germany, Mexico, Italy, France, China, India, Slovakia, and Switzerland, along with additional joint venture facilities in Mexico. Furthermore, it holds a controlling stake in an entity operating roughly 110 distribution and processing centers situated mostly in the United States, Mexico, Germany, Austria, and Switzerland. Worthington Steel maintains its corporate headquarters in Columbus, Ohio.

Summary of the business section of Worthington Steel's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of May 31, 2026, we had approximately 5,400 employees and our unconsolidated joint venture employed approximately 500 additional individuals.”