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Worthington to close Baltimore steel plant, shares -2.5%

  • Worthington (WOR -2.5%) discloses that its Baltimore steel facility will close by the end of its 2014 fiscal year ending May 31, concluding it can more efficiently service its Mid-Atlantic customers from other company facilities and partners.
  • With the consolidation of the steel industry, many of the mills that previously supplied the Baltimore plant have closed, negatively impacting the supply chain there, WOR says.
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