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TimkenSteel and United Steelworkers Local 1123 to Begin Contract Discussions on Aug. 21

08/14/2017

CANTON, Ohio: August 14, 2017 — TimkenSteel (NYSE: TMST) (timkensteel.com) and the United Steelworkers will begin discussions on August 21 regarding the current labor agreement that is set to expire on September 25. The current agreement covers approximately 1,650 bargaining employees at the company’s Canton, Ohio operations.

“TimkenSteel is committed to reaching an agreement that is fair and equitable to both the company and union prior to the expiration of the current contract,” said Bill Bryan, executive vice president of manufacturing & supply chain.

Consistent with prior practice, the company will reserve further comment until discussions are complete, although periodic updates will be posted on www.timkensteel.com/agreement.

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.