The 2020 Mid-Year Economic Update_long

TimkenSteel Sales Up 52.9% in 2017

Fourth-quarter sales up 59 percent year-over-year.

TimkenSteel Corp. (NYSE: TMST), Canton, OH, reported sales for 2017 of $1.3 billion, a 52.9 percent increase over the previous year. The company reported a loss of $44.3 million for the year, compared to a loss of $105.5 million the prior year.

Sales for the fourth quarter were $341.4 million, up 59 percent year-over-year. The company reported a loss of $34.4 million for the quarter, compared to a loss of $67 million the prior year.

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