Worthington Industries (NYSE: WOR) processes sheets of steel for the construction and automotive industries. Worthington sells the largest number of metal frames and trusses for wall and floor support in the U.S.^[1] The company also makes gas cylinders and recycles used metal to make pallets and storage structures.^[2] Worthington Industries is involved in 10 different joint ventures and expects to gain specialization and save $38.5 million from lower labor costs from the agreements.^[3]

High steel prices, which have nearly tripled from 2007 to 2008, have pushed the construction industry, which makes up 40% of the company's revenue, towards cement and wood.^[4] The company also is dependent on the continued growth of the US housing market and the construction of new homes. The shift away from aluminum and the general decline in the housing market both have hurt Worthington.^[5] High jet fuel costs and oil prices have also encouraged airlines and car manufacturers to use aluminum and titanium - which are lighter than steel.^[6]

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