Steel Products

Worthington Steel completes spinoff, now a standalone company
Written by Laura Miller
December 1, 2023
Worthington Industries has completed its planned split into two separate companies: Worthington Steel Inc. and Worthington Enterprises Inc.

Worthington Steel is based in Columbus, Ohio, and specializes in carbon flat-rolled steel processing, electrical steel lamination, and tailor welding. It operates 31 facilities in seven states and five countries and employs 4,500 people. Geoff Gilmore is the new company’s CEO.
Worthington Enterprises designs and manufactures building products, consumer products, and sustainable energy solutions. It has 5,000 employees in North America and Europe. Its headquarters are also in Columbus, Ohio.
“Today is a major milestone in Worthington’s history. As separate companies, both Worthington Enterprises and Worthington Steel will be better able to serve their respective customers, deliver on their more focused strategic priorities, and create superior long-term shareholder value,” commented Andy Rose, president and CEO of Worthington Enterprises, in a statement.
Worthington first announced its plans to spin off its steel processing business last year.
Laura Miller
Read more from Laura MillerLatest in Steel Products
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
Ryerson Holding Corp. Third quarter ended Sept. 30 2025 2024 % Change Net sales $1,161.5 $1,126.6 3.1% Net earnings (loss) $(14.8) $(6.6) 124.2% Per diluted share $(0.46) $(0.20) 130.0% Nine months ended Sept. 30 Net sales $3,466.5 $3,591.3 -3.5% Net earnings (loss) $(18.5) $(4.3) 330.2% Per diluted share $(0.58) $(0.13) 346.2% (in millions of dollars […]
HARDI: Galv demand improves in October, higher prices expected in new year
Participants on this month’s Heating Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to firm up in the first quarter of 2026.
Global steel production falls to near two-year low in September
World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
Battery #14 at USS Clairton to restart on Oct. 23
U.S. Steel plans to restart battery #14 at the Clairton Coke Works plant on Thursday, ending its idling period. Battery #14 was hot idled following the explosion at coke oven batteries 13 and 14 on Aug. 11. The Mon Valley Works Clairton plant has completed the necessary repairs. It expects the battery to restart during […]
