TimkenSteel to Increase Prices on Special Bar Quality Products
February 24 2021 - 4:15PM
PR Newswire (US)
CANTON, Ohio, Feb. 24, 2021 /PRNewswire/ -- TimkenSteel Corp.
(NYSE: TMST), a leader in customized alloy steel products and
services, today announced it will increase base pricing on all
special bar quality (SBQ) products by $40 per ton. This increase is applicable to
orders not already covered by pricing agreements and is effective
for shipments beginning April 5,
2021. All surcharge mechanisms remain in effect.
About TimkenSteel Corporation
TimkenSteel (NYSE: TMST)
manufactures high-performance carbon and alloy steel products in
Canton, OH serving demanding
applications in automotive, energy and a variety of industrial end
markets. The company is a premier U.S. producer of alloy steel bars
(up to 16 inches in diameter), seamless mechanical tubing and
precision components. In the business of making
high-quality steel primarily from recycled materials
for more than 100 years, TimkenSteel's proven expertise contributes
to the performance of our customers' products. The
company employs approximately 2,055 people and had sales of
$1.2 billion in 2019. For more
information, please visit us at www.timkensteel.com.
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SOURCE TimkenSteel Corp.
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