07.21.14
TimkenSteel to Announce Second-Quarter 2014 Financial Results on July 31
TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, will release its 2014 second-quarter financial results on Thursday, July 31, 2014 . The financial results and supplemental information will be available online at investors.timkensteel.com. About TimkenSteel Corporation TimkenSteel (NYSE:TMST, timkensteel.com), creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Logo - http://photos.prnewswire.com/prnh/20140130/CL55315LOGO SOURCE TimkenSteel Corporation Media: Elaine Russell Reolfi, 330.471.7760,...
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07.17.14
TimkenSteel to Invest in Continuous Heat-Treat Operations to Serve Needs of Demanding Applications
TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced plans to open an additional continuous heat-treat facility in the U.S. to produce more value-added steel for demanding applications. "Many of the applications we serve require higher performance steels that give our customers confidence as they push the limits of what's possible. This investment is foundational to our ability to grow some of our most unique and sophisticated product lines to meet those needs," said Shawn J. Seanor , executive vice president of Energy and Distribution. "Additional continuous heat-treat capabilities provide the flexibility to create more customized steels to serve energy and other markets that have a strong long-term outlook. That continuous innovation is a key part of our unique business model." The company is evaluating locations for the continuous thermal heat-treat operations and plans to make that decision in the...
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06.30.14
TimkenSteel Corporation Debuts as a Public Company Following Spinoff
TimkenSteel Corporation (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company . Timken shareholders of record as of June 23, 2014 receive one share of TimkenSteel common stock (TMST) for every two shares of Timken stock (TKR). Beginning tomorrow, July 1 , TMST shares will be issued and commence "regular-way" trading on the New York Stock Exchange . "As a 100-year-old start-up, we are excited to write this next chapter of our history," said Ward J. "Tim" Timken, Jr., chairman, CEO and president. "Our long record of solving customers' toughest challenges has delivered the financial performance shareholders value. We plan to grow that value through continued focus on product innovation, core business expansion and new investments." TimkenSteel focuses on special bar quality (SBQ) steels and seamless mechanical tubing – high-end alloy steel designed for demanding applications....
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