Timken Co. (NYSE: TKR) has announced price increases on a variety of products.

The producer of bearings and steel said it's raising base prices by up to 15% on hot-rolled carbon and alloy seamless mechanical tubing, depending on the size and product specifications.

Timken said the increase is effective immediately for new orders and applies only to non-contract pricing. Raw material surcharges remain in effect.

Also, Timken announced an increase in non-contract base prices for all special bar quality (SBQ) products depending on size and product specifications. The changes are as follows for 12-inch size bars and smaller:

* For hot-rolled bars, an increase of $40 per ton.

* For single thermal treatment bars, an increase of $50 per ton.

* For quench and temper bars, an increase of $60 per ton.

For bars greater than 12 inches in size, the changes are as follows:

* For hot-rolled bars, an increase of $60 per ton.

* For single thermal treatment bars, an increase of $70 per ton.

* For quench and temper bars, an increase of $80 per ton.

These price increases are effective with shipments beginning on March 1 and apply only to non-contract pricing. Raw material surcharges remain in effect.

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