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TimkenSteel in the News

08.16.17 TimkenSteel to Increase Prices on Special Bar Quality, Seamless Mechanical Tubing Products
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...
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08.14.17 TimkenSteel and United Steelworkers Local 1123 to Begin Contract Discussions on Aug. 21
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...
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07.31.17 TimkenSteel Announces Second-Quarter 2017 Results
Company performance continues to improve TimkenSteel (NYSE: TMST) (timkensteel.com), a leader in customized alloy steel products and services, today reported second-quarter net sales of $339 .3 million and net income of $1.3 million or $0.03 per diluted share.  This compares with net sales of $223.1 million and a net loss of $6.6 million or minus $0.15 per share in the same quarter last year, and net sales of $309.4 million and a net loss of $5.3 million or minus $0.12 per share in the first quarter of 2017. EBITDA (1) for the second quarter was $24.7 million , compared with EBITDA (1) of $10 .2 million in the same quarter last year and $17.5 million in the first quarter of 2017.  The improvement over the prior year was driven primarily by additional volume and the favorable timing impact from raw material spread, as well as a $4.9 million supplier refund related to prior periods.  Sequentially, EBITDA (1) , excluding the one-time refund, increased $2.3 million as a result of...
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