TimkenSteel to Increase Prices on Special Bar Quality, Quench and Temper Bar Products

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Aug 11, 2014, 04:05 ET

CANTON, Ohio, Aug. 11, 2014 /PRNewswire/ -- TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced it will increase base prices on special bar quality (SBQ) products by $40 per ton and on quench and temper bar products above 9.0" by $60 per ton. These price increases are effective with shipments beginning on Sept. 1, 2014, and apply only to non-contract pricing. Raw material surcharges remain in effect.

About TimkenSteel Corporation

TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013.

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SOURCE TimkenSteel Corporation