TimkenSteel : to Increase Prices on Special Bar Quality, Seamless Mechanical Tubing Products
August 16, 2017 at 08:37 am EDT
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CANTON, Ohio: August 16, 2017 - TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced it will increase prices on special bar quality (SBQ) and seamless mechanical tubing products by $40 per ton. These increases are for orders not already covered by pricing agreements, and effective for shipments beginning Oct. 1, 2017 for special bar quality (SBQ) and January 1, 2018 for seamless mechanical tubing products. All surcharge mechanisms 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 (up to 16 inches in diameter) and seamless mechanical tubing made of its special bar quality (SBQ) steel, as well as supply chain and steel services. TimkenSteel operates warehouses and sales offices in five countries and has made all of its steel in America for 100 years. The company posted sales of $870 million in 2016. Follow us on Twitter @TimkenSteel and on Instagram.
TimkenSteel Corporation published this content on 16 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 August 2017 12:36:02 UTC.
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Metallus Inc., formerly TimkenSteel Corporation, manufactures alloy steel, as well as carbon and micro-alloy steel using electric arc furnace (EAF) technology. The Company's portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing (tubes), manufactured components, such as precision steel components, and billets. The Company manages raw material recycling programs, which are used internally as a feeder system for its melt operations and allow it to sell scrap not used in its operations to third parties. The Company's products and solutions are used in a range of demanding applications in various market sectors, including automotive; oil and gas; industrial equipment; mining; construction; rail; defense; heavy truck; agriculture, and power generation. Its production of manufactured components takes place at two downstream manufacturing facilities: Tryon Peak (Columbus, North Carolina) and St. Clair (Eaton, Ohio).
METALLUS INC. 
