November 22, 2005
Timken Latrobe Steel, a subsidiary of The Timken Co., has announced a price increase of 3 percent to 8 percent on all remelted aerospace alloys. The price change is effective immediately on all new inquiries and for all new orders received beginning Dec. 1, 2005. Raw material surcharges will remain in effect.
"This price increase will enable Timken Latrobe Steel to recover the increasing operational costs that we are experiencing throughout our entire manufacturing process," said Hans J. Sack, president - Timken Latrobe Steel. "Although Timken Latrobe Steel has a surcharge mechanism to reflect our direct consumption of natural gas, we continue to experience higher costs for operating supplies due to the effect of energy prices on our vendors' operations."