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Worthington Steel, Inc. - WS STOCK NEWS

Welcome to our dedicated page for Worthington Steel news (Ticker: ws), a resource for investors and traders seeking the latest updates and insights on Worthington Steel stock.

Worthington Steel, Inc. (WS) stands as a top-tier value-added steel processor in North America, known for its expansive range of products and services. The company excels in the carbon flat-rolled steel sector and the tailor-welded blanks segments, offering solutions to a variety of end markets.

Worthington Steel's core business involves processing steel to create high-quality products for industries such as automotive, construction, and manufacturing. The company prides itself on its market-leading positions and its commitment to innovation and sustainability in steel processing.

Recent achievements include advances in technology and strategic partnerships aimed at enhancing production efficiency and product quality. The company continuously explores new projects to expand its market reach and improve its financial health, showcasing a strong commitment to growth and development.

Worthington Steel's dedication to excellence is evident in its financial condition, with sustained profitability and a robust balance sheet. The company collaborates with industry leaders and leverages its expertise to deliver superior value to its stakeholders.

Current Projects:

  • Expansion of production capabilities in the carbon flat-rolled steel sector.
  • Development of innovative tailor-welded blanks to meet industry demands.
  • Strategic partnerships to enhance sustainability and efficiency.

By providing diverse and high-quality products, Worthington Steel remains a key player in the steel processing industry, poised for continued success and growth.

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Kaleyra, Inc. (NYSE: KLR, WS) has appointed Mauro Carobene as the new Chief Business Officer, effective immediately. Carobene will spearhead the global expansion of Kaleyra's initiatives across various sectors, including banking, technology, and healthcare. He brings over two decades of experience in multinational companies, having previously served as Chief Revenue Officer at DigitalRoute. Kaleyra aims to leverage his leadership skills to enhance its presence and meet partner needs.

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Kaleyra (NYSE: KLR) supports Banca Widiba in launching a new video communication tool called Dialogue. This platform enhances customer interaction, merging remote and traditional banking by allowing direct video calls. It aims to fulfill evolving customer needs post-pandemic, ensuring high service quality. This strategic move is part of Banca Widiba's digital transformation, designed to improve customer experiences and interactions. Kaleyra's technology enables seamless communication across multiple channels for financial institutions worldwide.

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Cerberus Telecom Acquisition Corp. (CTAC) has amended its merger agreement with KORE Wireless Group to enhance liquidity for the post-closing public company. Key highlights include $65 million in additional liquidity from preferred stockholders and a new $25 million convertible debt commitment from Fortress, totaling approximately $100 million available to KORE. The Special Meeting for CTAC shareholders is rescheduled for September 29, 2021, with the business combination expected to close around September 30, 2021.

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Vicarious Surgical Inc. (NYSE: RBOT) celebrated its public listing by ringing the closing bell at the New York Stock Exchange on September 21, 2021. The company's merger with D8 Holdings Corp. was completed on September 17, 2021, and trading began on September 20, 2021. Vicarious Surgical aims to enhance surgical procedures' efficiency and patient outcomes using advanced robotics and virtual reality technology. The firm's innovative surgical approach has received FDA Breakthrough Device Designation, marking a significant milestone in minimally invasive surgical robotics.

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Rotor Acquisition Corp. announced shareholders approved its business combination with Sarcos Robotics, a leader in robotic systems for enhancing human productivity. The transaction is expected to close on September 24, 2021, with the combined company trading on Nasdaq under the ticker STRC from September 27, 2021. Proceeds will support the scale production of Sarcos' Guardian XO and XT robotic systems to address the global skilled labor shortage, enhancing safety and productivity across industries.

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Rotor Acquisition Corp. (NYSE: ROT) urges stockholders to vote "FOR" its proposed business combination with Sarcos Corp. at a special meeting scheduled for September 15, 2021. Following the merger, the company will be renamed to Sarcos Technology and Robotics Corporation and will transfer its listing from the NYSE to Nasdaq under the ticker symbols STRC and STRCW, expected to commence trading around September 27, 2021. Stockholders are encouraged to participate and vote promptly.

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Kaleyra, Inc. (NYSE:KLR, NYSE American:KLR WS) has been invited to present at the 10th Annual Gateway Conference on September 9, 2021. Management will present at 7:30 a.m. Pacific time and participate in one-on-one meetings. The presentation will be available for live webcast. Kaleyra provides cloud communications solutions with over 3,800 customers worldwide, supporting multi-channel communications through robust APIs across 190+ countries.

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Sarcos Defense announced several U.S. government agencies have ordered the Guardian HLS Heavy-Lift System, a battery-powered pneumatic system designed for rapid recovery and rescue operations. This innovative system can lift objects up to 45,000 pounds in under a minute and is operated by a single person, providing significant improvements in speed, weight, and stability over existing solutions. These contracts underscore the technology's validation and Sarcos' strong relationships in the defense sector, further enhancing its market position.

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Mirion Technologies, Inc. announced a significant milestone in its proposed business combination with GS Acquisition Holdings Corp II (GSAH) by delivering the first batch of 880 AccuRad Personal Radiation Detectors (PRDs) under a $121 million contract with the Department of Homeland Security. This contract aims to support the Securing the Cities initiative. Mirion expects to provide a total of 4,001 units in the first year. The company emphasizes the importance of its technology in enhancing safety for emergency responders facing radiological threats.

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FAQ

What is the current stock price of Worthington Steel (ws)?

The current stock price of Worthington Steel (ws) is $30.2 as of January 30, 2025.

What is the market cap of Worthington Steel (ws)?

The market cap of Worthington Steel (ws) is approximately 1.6B.

What is Worthington Steel, Inc.?

Worthington Steel, Inc. (WS) is a leading value-added steel processor in North America, known for its diverse range of products and market-leading positions in carbon flat-rolled steel and tailor-welded blanks.

What industries does Worthington Steel serve?

Worthington Steel serves various industries including automotive, construction, and manufacturing.

What are some of Worthington Steel’s recent achievements?

Recent achievements include advances in technology, strategic partnerships, and new project developments aimed at enhancing production efficiency and product quality.

What is the financial condition of Worthington Steel?

Worthington Steel maintains sustained profitability and a robust balance sheet, reflecting its strong financial health.

What are Worthington Steel’s current projects?

Current projects include expanding production capabilities in the carbon flat-rolled steel sector, developing innovative tailor-welded blanks, and forming strategic partnerships to enhance sustainability and efficiency.

What makes Worthington Steel a key player in the steel processing industry?

Worthington Steel’s commitment to innovation, high-quality products, and strategic growth initiatives positions it as a key player in the steel processing industry.

How does Worthington Steel contribute to sustainability?

Worthington Steel engages in strategic partnerships and projects aimed at enhancing sustainability and production efficiency in the steel processing industry.

Who are Worthington Steel’s main competitors?

Worthington Steel competes with other leading steel processing companies in North America, particularly in the carbon flat-rolled steel and tailor-welded blanks markets.

What is the significance of Worthington Steel’s market-leading positions?

Worthington Steel’s market-leading positions in carbon flat-rolled steel and tailor-welded blanks highlight its expertise and dominance in these segments, contributing to its overall success.

How can investors stay updated on Worthington Steel’s news?

Investors can stay updated on Worthington Steel’s news by following stock market websites like StockTitan, which provide the latest updates and relevant information about the company.
Worthington Steel, Inc.

NYSE:WS

WS Rankings

WS Stock Data

1.55B
32.46M
35.91%
47.18%
0.73%
Steel
Steel Works, Blast Furnaces & Rolling & Finishing Mills
Link
United States of America
COLUMBUS