Timken bullish on demand, but prices flat for '13
Oct 29, 2012 | 07:00 AM
| Corinna Petry
CHICAGO Timken Co. has seen foreign demand for its diversified product line decline since the second quarter, which is now affecting some domestic sectors, said president and chief executive officer James W. Griffith.
"Reduced demand for commodities has translated into lower demand for mining, and oil and gas drilling equipment, (and) is now impacting our steel shipments in the United States," he said.
Timken anticipates full-year steel sales will fall between 11 and 13 percent from 2011 levels.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.