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TimkenSteel to Increase Prices on Special Bar Quality, Seamless Mechanical Tubing Products

02/16/2017

CANTON, Ohio: Feb. 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 $30 per ton. These increases are for orders not already covered by pricing agreements and effective on shipments beginning April 3, 2017. 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 $1.1 billion in 2015. Follow us on Twitter @TimkenSteel and on Instagram.