Timken to Increase Steel Bar Prices

The Timken Corporation today announced price increases on steel bar products. Non-contract prices will increase by $60 per ton for all sizes and grades of carbon and alloy steel bars effective with shipments beginning October 1, 2004. Raw material surcharges will remain in effect. The Timken Corporation is a U.S. sales and marketing subsidiary of The Timken Company The Timken Company is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 27 countries. A Fortune 500 company, Timken recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.