Timken Corp. announced price increases on steel bar products. Non-contract prices will increase by $30 per ton for all sizes and grades of carbon and alloy steel bars effective with shipments beginning April 5, 2004.
"Scrap concerns are well documented throughout the industry and our surcharge system has been effective in recovering some of those cost increases. Escalating costs in our industry have permeated all other consumable items as well, and this base price increase is necessary to address those costs," said Robert Keeler, director - steel sales - North and South America.
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