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Worthington Steel's Tempel Steel Earns Mahle's 2024 Best Supplier of the Year Award

1. Tempel Steel wins Mahle's 2024 Best Supplier of the Year award. 2. This marks the third consecutive year receiving such recognition. 3. Awards are based on quality, delivery, response, and continuous improvement. 4. Worthington Steel focuses on sustainable steel processing solutions. 5. The partnership with Mahle includes electrification and emission reduction initiatives.

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FAQ

Why Bullish?

Consistent awards enhance corporate reputation, potentially attracting more business. For instance, past supplier awards have led to increased contract opportunities.

How important is it?

The recognition may boost investor confidence, reflecting strong performance. A positive reputation can drive stock performance upward.

Why Long Term?

Sustained awards can lead to ongoing partnerships and revenue stability. Companies often see long-term benefits after receiving such recognitions.

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WSMAHLY
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc., (NYSE: WS) is proud to announce that its Tempel Steel subsidiary, has earned Mahle’s 2024 Best Supplier of the Year award. This prestigious recognition from Mahle’s Electric Drives India Pvt. Ltd. is based on exceptional performance in several key areas: Parts per Million (PPM), Quality, Delivery, Supplier Response, Continuous Improvement and Support of New Product Development. This honor marks the third consecutive year the Company has been recognized by Mahle. It previously received the Best Supplier of the Year award in 2022 and the Zero PPM award in 2023. “I’m extremely proud of the entire Tempel team for their hard work and dedication to quality and exceptional customer service,” said Worthington Steel President and CEO Geoff Gilmore. “Achieving consecutive honors showcases our commitment to developing long-term partnerships with our customers and delivering continuous improvement year after year.” Worthington Steel primarily serves Mahle from its Tempel Steel facility in Chennai, India, delivering high-quality solutions tailored to Mahle’s evolving needs. Mahle is a leading global automotive parts manufacturer specializing in the development and production of engine components, filtration systems, thermal management solutions and electrical components for both internal combustion engines and electric vehicles. The two companies share a commitment to advancing future mobility technologies, including electrification and reducing emissions. 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 are driving steel toward a more sustainable future. As one of the most trusted metals processors in North America, Worthington Steel and its approximately 5,000 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 32 facilities in seven states and six 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. 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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