Timken to Increase Steel Bar Prices
09 Marzo 2004 - 9:57PM
PR Newswire (US)
Timken to Increase Steel Bar Prices CANTON, Ohio, March 9
/PRNewswire-FirstCall/ -- The Timken Corporation today announced
price increases on steel bar products. Non-contract prices will
increase by $30 per ton for all sizes and grades of carbon and
alloy steel bars effective with shipments beginning April 5, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
"Scrap concerns are well documented throughout the industry and our
surcharge system has been effective in recovering some of those
cost increases. Escalating costs in our industry have permeated all
other consumable items as well, and this base price increase is
necessary to address those costs," said Robert N. Keeler, director
- steel sales - North and South America. The Timken Corporation is
a U.S. sales and marketing subsidiary of The Timken Company
(NYSE:TKR) ( http://www.timken.com/ ). The Timken Company 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. For
Additional Information: Jason H. Saragian, Communications Manager,
(330) 471-3514. Or visit http://www.timken.com/media
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Jason H. Saragian, Communications Manager of The Timken Company,
+1-330-471-3514 Web site: http://www.timken.com/
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