Improving Auto Market Is One Bright Spot for Worthington Steel -- Market Talk

Dow Jones09-26

1316 ET - Worthington Steel's automotive market is finally making a comeback, Chief Financial Officer Tim Adams says during an analyst call. The sector was one of the few bright spots during F1Q, as shipments increased 17% from the prior year. The auto market itself is improving and the company now expects to finish the year with a 15 million unit build rate, up from prior forecasts of 13.5 million. Worthington also anticipates tailwinds from potential interest rate cuts. Beyond improving industry trends, Worthington has also won market share by ramping up volumes and new programs, executives say. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

September 25, 2025 13:16 ET (17:16 GMT)

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Worthington also anticipates tailwinds from potential interest rate cuts. Beyond improving industry trends, Worthington has also won market share by ramping up volumes and new programs, executives say. 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