Timken announces price increases and gas surcharge

Timken announces price increases and gas surcharge

Ohio-based Timken Corporation has announced price increases on steel bars and seamless mechanical tubing products, effective with shipments on or after November 1, 2005. For steel bars, non-contract base prices will increase by $25 per ton for all sizes and grades of carbon and alloy steel bars. All thermal treatment pricing extras will be increased by $30 per ton. For seamless tubing, non-contract base prices will increase by four percent for all sizes and grades of carbon and alloy seamless tubing. For all double and triple thermal treated seamless tubing products, base prices will increase by seven percent. Timken has also implemented a natural gas surcharge based on the monthly close of the NYMEX Natural Gas Contract Settlement price as published in Platts Gas Daily. All other raw material surcharges will remain in effect.