Timken to increase aerospace specialty steel prices

March 15, 2005

Timken Latrobe Steel, a subsidiary of The Timken Company, announced it is increasing prices by 5 to 10 percent on all remelted aerospace alloys and air melt stainless steel grades. The price change is effective with all new orders received beginning March 15, 2005. Raw material surcharges will remain in effect.

"Increasing operational costs and other key factors have made this price increase necessary," said Hans J. Sack, president of Timken Latrobe Steel.



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