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Steel Prices to Rebound January 1

22 November 1999

Steel Prices to Rebound January 1 THE TIMKEN COMPANY LOGO The Timken Company, Worldwide Leader in Bearings and Steel. (PRNewsFoto)[KC] CANTON, OH USA 10/12/1999    

    CANTON, Ohio, Nov. 22 -- Due to an escalation in raw material
costs and stabilizing economic conditions within the steel industry, The
Timken Corporation will increase prices on all carbon and alloy
steel bar products by $15 per ton.  The increase is effective with new orders
received after November 24 and scheduled for shipment after January 1, 2000.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
    "Recovering prices indicate a stronger first half next year," said Linn
Osterman, vice president - sales and marketing - alloy steel.  "We expect the
steel industry to continue to show signs of strength within the next few
months."
    The Timken Company ( http://www.timken.com ) is a leading
international manufacturer of highly engineered bearings and alloy steels with
operations in 25 countries.  The company employs 21,000 people worldwide and
reported 1998 sales of more than U.S. $2.6 billion.

    NOTE: Certain statements in this news release are or could be construed as
forward-looking. Various factors could cause actual results to differ
materially from these forward-looking statements, including changes in
customer demand. Additional factors are described in the company's 1998 annual
report, page 17, and in the 1998 10-K. The company undertakes no obligation to
update any forward-looking statement.