Worthington sees market slowdown

Sep 27, 2012 | 04:09 PM | Frank Haflich

Tags  Worthington Industries, steel, automotive, Angus Industries, quarterly earnings, Frank Haflich

LOS ANGELES — Coming off a 32.4-percent gain in year-on-year quarterly profits, Worthington Industries Inc. is now facing a slowdown in some of its major markets as buyers turn cautious.

"We have started to see some slowing in automotive, agriculture and mining markets, but it is unclear if this will turn into a longer-term issue and what the impact may be on our volumes," John McConnell, chairman and chief executive officer of the Columbus, Ohio-based steel processor, distributor and manufacturer, said in a statement.....

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