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Timken to Increase Steel Bar Prices

Timken has announced it will increase prices 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 May 10.

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CANTON, OHIO — Timken has announced it will increase prices 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 May 10.

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“Increases in costs continue to challenge our steel business financials, despite surcharges addressing major cost items. The increase is necessary in our efforts to regain acceptable levels of profitability,” said Robert N. Keeler, director – steel sales – North and South America.

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