COLUMBUS, Ohio—Feb. 1, 2018—Worthington Industries today announced a price increase on all steel propane cylinders, including portables and forklift, as well as industrial cutting gas cylinders. Prices will advance 7 percent effective with all new orders shipping on or after March 1, 2018 or as contracts allow.
“Steel prices have increased over the past six months,” said Eric Smolenski, general manager of the industrial products business for Worthington Industries. “Production costs continue to escalate, and we must adjust pricing accordingly.”
About Worthington Industries
Worthington Industries is a leading global diversified metals manufacturing company with 2017 fiscal year sales of $3.0 billion. Headquartered in Columbus, Ohio, Worthington is North America's premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for propane, refrigerant, and industrial gases and for cryogenic applications, water well tanks for commercial and residential uses, CNG and LNG storage, transportation and alternative fuel tanks, oil & gas equipment, and consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 11,000 people and operates 85 facilities in 11 countries.