Worthington Steel explores acquiring Germany's Klöckner & Co in a potential €600 million ($696 million) transaction. The US company currently conducts financial due diligence on the Düsseldorf-based distributor, which employs 6,600 people & generated €6.6 billion ($7.7 billion) revenue in 2024. Klöckner's share price rose over 33% since late 2024, though remains below its March 2022 peak of €13.5. The German company recently sold eight US facilities, including seven to Canada's Russel Metals for $119 million, generating €20 million profit. No final acquisition decision has been made, & transaction terms remain uncertain pending due diligence completion & negotiations.