Timken Decreases Pipe Surcharge-Bearing News

Oct. 22 MetalBiz--America's special steel producer, Timken issued the statement claiming to bring down the scrap surcharge of its seamless machinery pipes. Surcharge settlement is adjusted down to US$190 per short ton from the previous US$215 per short ton, down by 11%. Timken, located in Ohio, was initially special bearing steel manufacturer, in the meantime, it produced alloy seamless pipes, bar and wire rod.

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