Timken Lifts Prices on Steel Products

Timken Lifts Prices on Steel Products Timken Co., which makes bearings and alloy steel, on Monday said it was the raising the prices on its double and triple thermal treated steel product. Effective with shipments Jan. 1, bar product prices will increase by $50 per ton, tubing product prices will rise 10 percent, and raw material surcharges will remain. The company said it would leave prices on as-rolled and single thermal treated products unchanged.Shares of Timken dipped 21 cents to $35.41 in afternoon trading