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Timken to Increase Tool Steel Prices

Timken Latrobe Steel, a subsidiary of The Timken Co., has increased prices by 6 to 8 percent on rounds, plate and flats tool steel and alloy products. Raw material surcharges will remain in effect.

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LATROBE, PA — Timken Latrobe Steel, a subsidiary of The Timken Co., has increased prices by 6 to 8 percent on rounds, plate and flats tool steel and alloy products. Raw material surcharges will remain in effect.

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David Murray, vice president – sales and marketing – Timken Latrobe Steel, said in a written statement that high energy, scrap and production costs are reasons for this price increase.

Timken Latrobe Steel is a leading specialty steel producer in North America. For more information, go to: www.timken.com.

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