U.S. markets open in 3 hours 7 minutes
  • S&P Futures

    4,125.00
    -1.50 (-0.04%)
     
  • Dow Futures

    33,695.00
    -8.00 (-0.02%)
     
  • Nasdaq Futures

    13,767.75
    -26.50 (-0.19%)
     
  • Russell 2000 Futures

    2,193.50
    +9.50 (+0.43%)
     
  • Crude Oil

    62.00
    -0.67 (-1.07%)
     
  • Gold

    1,778.50
    +0.10 (+0.01%)
     
  • Silver

    25.89
    +0.05 (+0.19%)
     
  • EUR/USD

    1.2005
    -0.0036 (-0.30%)
     
  • 10-Yr Bond

    1.5620
    0.0000 (0.00%)
     
  • Vix

    18.42
    +1.13 (+6.54%)
     
  • GBP/USD

    1.3931
    -0.0005 (-0.04%)
     
  • USD/JPY

    108.0650
    -0.0050 (-0.00%)
     
  • BTC-USD

    55,419.96
    +368.46 (+0.67%)
     
  • CMC Crypto 200

    1,267.91
    +33.50 (+2.71%)
     
  • FTSE 100

    6,872.44
    +12.57 (+0.18%)
     
  • Nikkei 225

    28,508.55
    -591.83 (-2.03%)
     

TimkenSteel to Increase Prices on Seamless Mechanical Tubing Products

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

CANTON, Ohio, Dec. 21, 2020 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase prices on seamless mechanical tubing (SMT) products by $40 per ton. These increases are effective immediately with new orders received, and for all shipments beginning March 1, 2021. All surcharge mechanisms remain in effect.

TimkenSteel Corporation Logo. (PRNewsFoto/TimkenSteel Corporation)
TimkenSteel Corporation Logo. (PRNewsFoto/TimkenSteel Corporation)

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 precision 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 2,055 people and had sales of $1.2 billion in 2019. For more information, please visit us at www.timkensteel.com.

Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/timkensteel-to-increase-prices-on-seamless-mechanical-tubing-products-301197047.html

SOURCE TimkenSteel Corp.