Timken Latrobe Steel, a subsidiary of The Timken Company, announced it would increase prices by 6 to 8 percent on rounds, plate and flats tool steel and alloy products. The price change is effective with shipments beginning on November 1, 2004. Raw material surcharges will remain in effect.
"High energy, scrap and production costs are reasons for this price increase," said David A. Murray, vice president - sales and marketing - Timken Latrobe Steel.
Timken Latrobe Steel is a leading specialty steel producer in North America. Timken Co. manufacturers bearings and alloy steels and is a provider of related products and services with operations in 27 countries.
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