German steel distributor Klöckner & Co confirmed it is in discussions regarding a potential takeover by US-based Worthington Steel. The Düsseldorf-based company made the mandatory disclosure as Worthington Steel proceeds with a financial assessment of Klöckner's operations.

While both parties are engaged, a final decision regarding an offer for all shares has not been made, and the specifics of any transaction remain undetermined.

Klöckner reported revenues of EUR 6.6 billion at the end of 2024, a slight drop due to lower steel prices despite increased sales volume. However, the company foresees moderate revenue growth and significantly improved operating results for 2025.