05:23 PM EDT, 03/13/2024 (MT Newswires) -- Worthington Steel ( WS ) said Wednesday its tailor welded blanking joint venture TWB signed a licensing agreement with ArcelorMittal's ( MT ) Tailored Blanks to use its patented ablation technology to produce hot formed tailored blanks.

Financial details weren't disclosed.

The technology is expected to enhance TWB's hot formed tailored blanking capabilities in North America. TWB also intends to set up a fully automated ablation line at its flagship Monroe, Michigan, facility, Worthington Steel ( WS ) said.

Price: 30.4, Change: -0.03, Percent Change: -0.1