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Timken raising SBQ $30 per ton

Keywords: Tags  Timken, special bar quality, SBQ, price increase, Thorsten Schier

NEW YORK — Timken Co. will increase base prices for noncontract orders of all special bar quality (SBQ) products by $30 per ton ($1.50 per hundredweight) effective June 1, the company said May 12.

The Canton, Ohio-based company had raised prices on SBQ products by the same amount in early March for product 6.5 inches and smaller (, Feb. 20), an increase that a top company executive said was being accepted in the marketplace (, April 25).

Raw material surcharges will remain in effect with the current increase, Timken said.

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