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Timken to Increase Steel Bar Prices

CANTON, Ohio, Sept. 8 /PRNewswire-FirstCall/ -- The Timken Corporation today announced price increases on steel bar products. Non-contract prices will increase by $60 per ton for all sizes and grades of carbon and alloy steel bars effective with shipments beginning October 1, 2004. Raw material surcharges will remain in effect.

 

The Timken Corporation is a U.S. sales and marketing subsidiary ofThe Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

 

CONTACT: Media, Robert G. Bourquin, Senior Communications Representative, (330) 471-7106, or Investors, Kevin R. Beck, Manager - Investor Relations, (330) 471-7181


Source:

The Timken Corporation