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Timken Announces Price Increases

The manufacturer's steel group raises prices on tubing and special bar quality products.

Manufacturer The Timken Company (NYSE:TKR), Canton, OH, announced two price increases.

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The first is a base-price increase of up to 15 percent on hot-rolled carbon and alloy seamless mechanical tubing, depending on the size and product specifications. The increase is effective immediately on new orders and non-contract pricing.

The manufacturer also announced an increase in non-contract base prices for all special bar quality (SBQ) products depending on size and product specifications as follows:

 12-inch size bars and smaller:

  • For hot-rolled bars, an increase of $40 per ton.
  • For single thermal treatment bars, an increase of $50 per ton. 
  • For quench and temper bars, an increase of $60 per ton.

Greater than 12-inch size bars:

  • For hot-rolled bars, an increase of $60 per ton.
  • For single thermal treatment bars, an increase of $70 per ton.
  • For quench and temper bars, an increase of $80 per ton.

These price increases are effective with shipments beginning on March 1, 2011, and apply only to non-contract pricing.

Raw material surcharges from Timken remain in effect.

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