Worthington Steel issued a statement ahead of Klöckner & Co's extraordinary general meeting on October 23, 2026, regarding the vote on implementing a domination and profit and loss transfer agreement (DPLTA). The company warned that if the required 75% majority is not achieved, it will not pursue another vote for at least one year. The DPLTA, signed on September 8, 2026, remains subject to shareholder approval and commercial register registration before becoming effective. Until then, Klöckner continues to operate independently. Worthington Steel is a leading North American value-added metals processing and manufacturing company.
