CANTON, Ohio, March 27, 2018 /PRNewswire/ -- 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) bar products by $50 per ton;
- SBQ quench-and-tempered bar products by $90 per ton;
- Seamless mechanical tubing (SMT) carbon-based products by
$80 per ton;
- SMT alloy-based products by $120
per ton; and
- SMT quench-and-tempered products by $150 per ton.
These increases are effective for all new orders received on or
after March 28, 2018, and for all
scheduled shipments beginning May 1,
2018, except to the extent already covered by agreements.
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 its steel in America for more than 100
years. The company posted sales of $1.3
billion in 2017. Follow us on Twitter @TimkenSteel and on
Instagram.
View original content with
multimedia:http://www.prnewswire.com/news-releases/timkensteel-to-increase-prices-on-special-bar-quality-bar-and-seamless-mechanical-tubing-products-300620524.html
SOURCE TimkenSteel Corporation