- Net sales of $223.1 million increased 2.4 percent sequentially. - Net loss of $10.5 million or minus 24 cents per share driven by weak commodity markets. - Generated EBITDA of $4.0 million. - $27.9 million of cash from operating activities generated in the period. - $86.3 million of convertible notes issued. TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today reported second-quarter net sales of $223.1 million and a net loss of $10 .5 million or minus 24 cents per share.  This compares with a net loss of $24.3 million or minus 54 cents per share in the same quarter last year. EBITDA for the quarter was $4.0 million, a sequential improvement of $5.6 million and in line with second-quarter expectations. "We saw signs of stabilizing scrap and commodity markets in the second quarter. Our shipments increased and we realized the benefit of raw material spread. We strengthened our liquidity position in the quarter by issuing $86...

TimkenSteel Corp. (NYSE: TMST) today announced the pricing of its previously announced registered public offering of $75.0 million aggregate principal amount (or up to an aggregate of $86.25 million aggregate principal amount if the underwriters of the notes offering exercise their over-allotment option in full) of its 6.00% Convertible Senior Notes due 2021. The company expects to close the notes offering on May 31, 2016, subject to satisfaction of customary closing conditions. The notes will be TimkenSteel's senior unsecured obligations and will bear interest at a rate of 6.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2016 . The notes will be convertible at the option of holders in certain circumstances and during certain periods into common shares of the company, cash, or a combination thereof, at the company's election. The conversion rate will initially be 79.5165 common shares of the company per $1,000 principal...

- Net sales of $217.9 million increased 5.5 percent sequentially. - Net loss of $13.6 million or minus 31 cents per share was driven by weak commodity markets. - EBITDA loss of $1.6 million marks improved performance, driven by company actions and industrial markets. - $11.6 million of free cash flow generated for the period. TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today reported first-quarter net sales of $217.9 million and a net loss of $13 .6 million or minus 31 cents per share.  This compares with net income of $6.9 million or 15 cents per share in the same quarter last year. EBITDA for the quarter was a loss of $1.6 million, a sequential improvement of $16 million and better than original first-quarter expectations. "Our employees helped us achieve better-than-expected results in the quarter. They continue to reduce costs and capture new sales," said Tim Timken , chairman, CEO and president. "Our performance also...

Special bar quality (SBQ) steelmaker re-enters polyethylene tubing market with first order going to a major petrochemical producer TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced that it has developed a new process to manufacture high-pressure tubing (HPT) for use in the production of low-density polyethylene (LDPE). TimkenSteel recently accepted its first order of HPT for a major petrochemical producer. Over the last decade, HPT for LDPE environments has had extended supply chains that created long lead times for North American customers. "We have developed a more streamlined process using the assets and operations we have in place to create cost efficiencies. HPT that previously took more than a year to produce now takes a matter of months," said Shawn Seanor , TimkenSteel's executive vice president of sales and business development. "Another advantage our process offers is flexibility, allowing customers to buy...