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A COVID 19 UPDATE FROM TIMKENSTEEL

NEW - Message from Interim CEO Terry Dunlap - UPDATE 3-22-2020

TimkenSteel WILL remain operational following Ohio governor's stay-at-home order and guidelines for 'Essential Businesses'

On March 22, 2020, Ohio Gov. Mike DeWine issued a stay-at-home order for Ohioans, which also prohibits many businesses from continuing to operate. At the same time, that order encourages "essential businesses and operations" – which includes TimkenSteel – to continue to operate. The governor's order explicitly calls out steel in the definition of "Essential Businesses and Operations." TimkenSteel will continue to work as scheduled, remaining diligent in our physical distancing, personal hygiene and cleaning practices. 

The TimkenSteel team continues to meet daily to assess the situation, evaluate alternatives, make decisions and take immediate actions. We have built effective communication channels with employees, customers, suppliers and other key stakeholders to provide accurate and up-to-date information.


Message from Interim CEO Terry Dunlap - UPDATE 3-20-2020

As the Coronavirus (COVID-19) pandemic continues to evolve, TimkenSteel has remained focused on keeping our employees safe while ensuring the continuity of our operations and business to meet the needs of our customers.

Employees and communities

Numerous actions have been taken to ensure employee safety and business continuity. We have been highly encouraged by our employees who are doing their part to protect themselves and their coworkers.

We continue to follow enhanced cleaning procedures in our plants and offices using the best practices provided by the Centers for Disease Control and Prevention (CDC). We are engaging every employee in recommended personal hygiene, workplace hygiene and physical distancing. In keeping with Ohio Governor Mike DeWine’s request, we are asking all employees and onsite contractors to check their temperatures before coming to work each day and reinforcing the message that no one should come to work sick.

In addition, we implemented more flexibility to work from home for employees in administrative functions and have staggered shifts for those working in roles that require a physical presence. As expected, travel, visitor and group meeting restrictions are in place today. Our is goal is to minimize personal employee contact as much as possible while maintaining business operations.


Customers

TimkenSteel is fully committed to servicing our customers during the crisis by continuing to produce and ship orders on time and to provide uninterrupted customer service every day. Our sales team is staying close to our customers during this challenging situation. 

As expected, the demand environment has become unpredictable especially following the announcement that most U.S automakers would halt production for a several weeks. As of today, most of our customers continue to operate but are challenged with aligning production and inventory given the uncertainty of demand. 

Our sales and service teams are in constant contact with our customers to ensure we are providing timely information and responses to their questions, concerns and opportunities.

Suppliers

The TimkenSteel team is also working closely with our suppliers and service providers to safeguard normal business operations. We have minimized the number of non-critical suppliers working onsite and visiting our facilities, although some remain critical to the day-to-day operations of the company.

Given recent government mandates to close non-essential businesses in certain states such as Pennsylvania, we are preparing for potential disruptions in our supply chain. We will continue to maintain multiple sources and appropriate inventory solutions as efficiently as possible. Our procurement team will be available every day to address specific questions and issues.


Communication

For the foreseeable future we are asking customers and suppliers to conduct their day-to-day business with us by phone, Skype or email whenever possible to avoid the need for in-person meetings. We remain committed to communicating with you frequently and welcome your feedback and recommendations if there is an area where you feel we can do better.

Thank you to our employees, customers, suppliers and public health officials for their support and cooperation as we manage through this unprecedented time together.


Terry