Worthington boosting cold-roll strip capacity

May 30, 2013 | 03:53 PM | Corinna Petry

Tags  Worthington Industries, Worthington Steel, cold-rolled strip, capacity expansion, mill upgrades, annealing upgrades, Geoff Gilmore, automotive Corinna Petry

CHICAGO — Worthington Industries Inc. plans to expand its cold-rolled strip rolling mill and strip annealing capacity by up to 40 percent over the next few years to meet increased demand from automakers and other end-users.

"Through the recession, automotive has been the one bright spot. (Automotive steel demand) bounced out of the trough quickly, and looking through 2017 we expect to see substantial growth year over year," Worthington Steel president Geoff Gilmore told AMM, noting that 58 percent of the company’s business is automotive related and 65 percent of its cold-rolled strip production—from plants in Cleveland and Columbus, Ohio—ends up in automotive applications.....

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