Specialty steel prices to increase

Timken Latrobe Steel, a subsidiary of the Timken Co., will increase prices by 5% on all high-speed steel products. The price change is effective with new orders received after 1 September 2003. Raw material surcharges will remain in effect. “Higher production costs in the form of energy, health care and other benefits are key factors in this price increase on high-speed steels,” said David A. Murray, Vice President – Sales and Marketing, Timken Latrobe Steel. “Our continued focus on generating new manufacturing efficiencies has not been enough to offset the increases in these production costs.”

Previous articleCorrosion applications conference
Next articleHycrome website relaunched
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.