CANTON, Ohio, Aug. 9, 2021 /PRNewswire/ -- 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 effective for
shipments beginning September 6,
2021.
The company also announced it will increase prices on all
carbon and alloy seamless mechanical tubing (SMT) products by
$60 per ton. SMT increases are
effective for shipments beginning January 3,
2022.
All increases are applicable to orders not already covered by
pricing agreements and surcharge mechanisms remain in effect.
ABOUT TIMKENSTEEL CORPORATION
TimkenSteel (NYSE: TMST)
manufactures high-performance carbon and alloy steel products 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 primarily from recycled materials
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 of
$831 million in 2020. For more
information, please visit us at www.timkensteel.com.
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SOURCE TimkenSteel Corp.