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We are realizing the benefits of our multi-year $500 million capital investment program.

We designed this plan to strengthen our ability to provide differentiated solutions for the energy, industrial and automotive markets and enhance our operational performance and customer service capabilities. More

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TimkenSteel in the News

10.14.21 TimkenSteel Announces 2030 Environmental Goals, Reaffirms Overall Environmental, Social and Governance Commitments
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today announced environmental goals for 2030, a critical milestone in the evolution of the company's environmental, social and governance (ESG) program. TimkenSteel has established the following 2030 environmental goals, compared with a 2018 baseline: 40% absolute reduction in combined Scope 1 and Scope 2 greenhouse gas (GHG) emissions 30% absolute reduction in total energy consumption (direct and indirect) 35% absolute reduction in fresh water withdrawn 10% reduction in waste-to-landfill intensity These targets are supported by projects across the company's manufacturing, supply chain and corporate operations and are aligned with regional, national and international environmental priorities established by organizations such as the U.S. Environmental Protection Agency, the Task Force on Climate-Related Financial Disclosures (TCFD) and the Paris Climate Accords....
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10.13.21 TimkenSteel to Increase Prices on Special Bar Quality Products
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on all special bar quality (SBQ) products by $60 per ton. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning November 1, 2021. All surcharge mechanisms remain in effect. ABOUT TIMKENSTEEL CORPORATION TimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products from recycled scrap materials in Canton, OH, serving demanding applications in automotive, energy and a variety of industrial end markets. The company is a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and manufactured components. In the business of making high-quality steel for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 1,900 people and had sales...
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10.08.21 TimkenSteel, United Steelworkers (USW) Local 1123 Reach Tentative Agreement for New Four-Year Contract
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, and the United Steelworkers (USW) Local 1123 have reached a tentative agreement for a new four-year contract. The date of the vote will be set and announced by the union. "We have reached an agreement that keeps our employees earning some of the best wages and benefits in the region and industry while supporting the long-term viability of TimkenSteel," said Mike Williams, president and chief executive officer. "We're working together both to address the significant pressures we face from a highly competitive and ever-changing industry, and to keep our people working." The tentative agreement provides increases to base wages every year, competitive healthcare and retirement benefits for all members, and a continued focus on employee wellbeing as well as safe and sustainable operations. The current agreement covers approximately 1,180 bargaining employees at the...
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