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Worthington Steel is a publicly traded (NYSE:WS) steel processing company headquartered in Columbus, Ohio.Worthington Steel is an independent, intermediate processor of carbon flat-rolled steel in the United States, purchasing steel from integrated steel mills and mini-mills and custom processing it in areas such as type, length, width, thickness, shape and surface quality. [1]
Worthington Industries was founded in 1955 by John H. McConnell, a steel salesman. McConnell saw an opportunity for custom-processed steel and purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile. He founded the company in Columbus, Ohio, where it is still headquartered.
John P. McConnell began his career at Worthington in 1975 as a general laborer in a Louisville, Kentucky steel plant. He also worked as a sales representative for two of Worthington's divisions. McConnell served as corporate personnel director and has been instrumental in administering the company's highly recognized employee-based policies. [1]
Worthington's (WOR) buyout of a majority stake in JV, Samuel Steel Pickling, and subsequent integration of Heidtman Steel's Cleveland facility to the venture will likely enhance growth opportunities.
Worthington sold Buckeye Steel in 1999, but it went bankrupt in 2002. The former president of Worthington, Donald Malenick, formed an investment group to purchase the assets of Buckeye, and has reopened the business as Columbus Steel Castings. Columbus Steel Castings closed in bankruptcy in 2016. [1]
The Central Iowa Employment and Training Consortium (CIETC) is a public agency formed in an agreement among the City of Des Moines, and the surrounding counties of Boone, Dallas, Jasper, Madison, Marion, Polk, Story and Warren.