Timken to Increase Prices on Special Bar Quality Products

Press Release:
  Feb 20, 2014 — CANTON, Ohio, -- The Timken Company (NYSE: TKR; www.timken.com) announced it will increase base prices on special bar quality (SBQ) products 6.5" and below by $30 per ton. These price increases are effective with shipments beginning on March 10, 2014, and apply only to non-contract pricing. Raw material surcharges will remain in effect.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global industrial technology leader, applies its deep knowledge of materials, friction management and power transmission to improve the reliability and efficiency of industrial machinery and equipment all around the world. The company engineers, manufactures and markets mechanical components and high-performance steel. Timken® bearings, engineered steel bars and tubes—as well as transmissions, gearboxes, chain, related products and services—support diversified markets worldwide. With sales of $4.3 billion in 2013 and approximately 19,000 people operating from 28 countries, Timken makes the world more productive and keeps industry in motion.


 
   
Tags: special bar quality, engineered steel bars and tubes, mechanical components
 
Company Details:
 Contact:Dan Minnich 
 E-mail:dan -dot- minnich -at- timken -dot- com 
   
 Company:Timken Co View Company Profile 
 Address:work1835 Dueber Ave SW 
 Location:workCanton, OH 44706-2798  United States 
 Phone:workpref330-438-3000 
 Fax:fax330-471-4462 
 Web Site:http://www.timken.com