Timken Steel Bar Prices Continue to Rebound

    CANTON, Ohio, March 9 The Timken Corporation
announced today price increases on carbon and alloy steel bar products.  The
new steel pricing structure is effective with new orders scheduled for
shipment beginning May 1, 2001.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )

    Product                                                     Increase
    Hot rolled bars and billets greater than 6.5" diameter     $20 per ton
    Must-ingot-cast bars and billets less than 5.5" diameter   $30 per ton
    Double and triple thermal-treated steel bars of all sizes  $20 per ton
    Single thermal-treated bar products                        $10 per ton

    "This price adjustment is driven by rising manufacturing costs, including
higher energy prices," said Robert N. Keeler, director-sales-steel.  "New
pricing is necessary as an on-going effort to address increased costs and the
recent escalating demand for steel bar products."
    The Timken Company ( http://www.timken.com ) is a leading
international manufacturer of highly engineered bearings, alloy and specialty
steels and components, as well as related products and services. With
operations in 24 countries, the company employs about 20,500 people worldwide
and recorded 2000 sales of U.S. $2.6 billion.