Worthington Steel, Inc. (NYSE: WS) announced today that it has been named a 2025 Supplier of the Year by Schaeffler Group USA Inc., earning the Americas Region Supply Chain Award during Schaeffler’s first-ever Americas Supplier Awards ceremony, held last month at the Schaeffler Americas Innovation Center in Wooster, Ohio.

“We value our relationship with Schaeffler and appreciate this recognition of our team’s performance and collaboration,” said Cliff Larivey, president of Flat-Rolled Steel Processing at Worthington Steel, who accepted the award on behalf of the company. “Our goal is always to bring new ideas and meaningful support to help our customers build stronger, more resilient supply chains and advance their strategic goals.”

Worthington Steel supplies Schaeffler with hot-rolled coil and cold-rolled strip products used in a range of automotive applications, including torque converters and bearings.

Worthington Steel was honored for its creativity and innovation in developing supply-chain solutions that support Schaeffler’s operational excellence. Schaeffler evaluated suppliers on key performance areas such as on-time delivery, responsiveness, service and overall partnership effectiveness.

Schaeffler’s new Americas Supplier Awards program celebrates exceptional performance and partnership across its regional operations, recognizing companies that demonstrate operational excellence, innovation and collaboration, and alignment with its mission of making motion more efficient, intelligent and sustainable.

About Worthington Steel

Worthington Steel (NYSE: WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions is driving steel toward a more sustainable future.

As one of the most trusted metals processors in North America, Worthington Steel and its approximately 6,000 employees harness the power of steel to advance our customers’ visions through value-added processing capabilities including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. Headquartered in Columbus, Ohio, Worthington Steel operates 37 facilities in seven states and 10 countries. Following a people-first Philosophy, commitment to sustainability and proven business system, Worthington Steel’s purpose is to generate positive returns by providing trusted and innovative solutions for customers, creating opportunities for employees and strengthening its communities.

About Schaeffler Group – We Pioneer Motion

The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products and services for electric mobility, CO₂-efficient drives, chassis solutions and renewable energies, the company is a reliable partner for making motion more efficient, intelligent and sustainable – over the entire life cycle. Schaeffler describes its comprehensive range of products and services by means of eight product families: From bearing solutions and all types of linear guidance systems through to repair and monitoring services. With around 110,000 employees and more than 250 locations in 55 countries, Schaeffler is one of the world’s largest family-owned companies and one of Germany’s most innovative companies.

Safe Harbor Statement

Worthington Steel wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by Worthington Steel which are not historical information constitute "forward-looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Steel’s filings with the Securities and Exchange Commission.

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