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Timken Steel

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uuid00089wj

Namestring
Timken Steel
Websiteurl
timkensteel.com
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Timken Steel is a United States-based specialty steel manufacturer headquartered in Canton, Ohio, producing steel bars, billets, large bars, gears, and seamless mechanical steel tubing. The company operates as a for-profit industrial manufacturer with a workforce of 1,001-5,000 employees and was founded in 2014, with its product portfolio serving industrial original equipment manufacturers and Tier-1 suppliers in heavy machinery, power transmission, and engineered component applications.

Its core offering centers on carbon and alloy steel bars and seamless mechanical tubing manufactured through integrated steelmaking, hot rolling, and finishing operations. The product mix spans raw semi-finished billets through finished machined components (gears), implying a vertically integrated production chain from melt to machined part. The short product description references "bars & billets, gears, large bars and seamless mechanical steel tubing," indicating capability across rough-bar, large-section, and precision-tubing product forms commonly consumed by bearing, drivetrain, and industrial equipment OEMs.

The business model and go-to-market details are not disclosed in the available source material. Pricing is not publicly disclosed, customer segments are unspecified, and no distribution channel or revenue mechanics information was captured. Headcount in the 1,001-5,000 range and a US industrial footprint are the only firmographic signals available, alongside leadership identification of Michael Williams as President and CEO and Ronald Rice as Chairman of the Board.

Short descriptiontext

Timken Steel is a US-based specialty steel manufacturer in Canton, Ohio, producing steel bars, billets, large bars, gears, and seamless mechanical tubing for industrial OEM customers in heavy machinery and engineered component applications.

Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersCanton, United States
HQ citystring
Canton
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
specialty steel manufacturing, alloy steel bars, seamless steel tubing, mechanical tubing products, industrial steel supply
Industry1 code
1Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA)
CodeIMAKABAJPrimaryYes
NAICS code4 codes
  • Iron and Steel Pipe and Tube Manufacturing from Purchased Steel331210
  • Steel Product Manufacturing from Purchased Steel3312
  • Rolling and Drawing of Purchased Steel33122
  • Iron and Steel Pipe and Tube Manufacturing from Purchased Steel33121
SIC code2 codes
  • Steel Pipe & Tubes3317
  • Fabricated Structural Metal Products3440
Product category
Specialty Steel Manufacturing
Cost components6 values
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Timken Steel manufactures specialty alloy steel products, including steel bars and billets, large bars, gears, and seamless mechanical steel tubing. These engineered steel products are produced for industrial customers in sectors such as automotive, energy, heavy equipment, and other demanding mechanical applications.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Steel Bars & Billets
Recent move1 record

Each record includes

Date, Type, Title, Description, Source

Expansion highlight1 record

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Timken Steel

Specialty Steel Manufacturingtimkensteel.com

Timken Steel is a US-based specialty steel manufacturer in Canton, Ohio, producing steel bars, billets, large bars, gears, and seamless mechanical tubing for industrial OEM customers in heavy machinery and engineered component applications.

What Timken Steel does

Timken Steel is a United States-based specialty steel manufacturer headquartered in Canton, Ohio, producing steel bars, billets, large bars, gears, and seamless mechanical steel tubing. The company operates as a for-profit industrial manufacturer with a workforce of 1,001-5,000 employees and was founded in 2014, with its product portfolio serving industrial original equipment manufacturers and Tier-1 suppliers in heavy machinery, power transmission, and engineered component applications.

Its core offering centers on carbon and alloy steel bars and seamless mechanical tubing manufactured through integrated steelmaking, hot rolling, and finishing operations. The product mix spans raw semi-finished billets through finished machined components (gears), implying a vertically integrated production chain from melt to machined part. The short product description references "bars & billets, gears, large bars and seamless mechanical steel tubing," indicating capability across rough-bar, large-section, and precision-tubing product forms commonly consumed by bearing, drivetrain, and industrial equipment OEMs.

The business model and go-to-market details are not disclosed in the available source material. Pricing is not publicly disclosed, customer segments are unspecified, and no distribution channel or revenue mechanics information was captured. Headcount in the 1,001-5,000 range and a US industrial footprint are the only firmographic signals available, alongside leadership identification of Michael Williams as President and CEO and Ronald Rice as Chairman of the Board.

Timken Steel firmographics

Firmographics
Name
Timken Steel
Website
https://timkensteel.com
Company type
Private
Founded year
2014
Headcount range
1,001–5,000 employees
Short description
Timken Steel is a US-based specialty steel manufacturer in Canton, Ohio, producing steel bars, billets, large bars, gears, and seamless mechanical tubing for industrial OEM customers in heavy machinery and engineered component applications.
Ownership category
akta.pro rank

Timken Steel industry classification

Industry
Product category
Specialty Steel Manufacturing
NAICS
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210), Steel Product Manufacturing from Purchased Steel (3312), Rolling and Drawing of Purchased Steel (33122), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121)
SIC
Steel Pipe & Tubes (3317), Fabricated Structural Metal Products (3440)
akta.pro primary industry
Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

  • Specialty steel manufacturing
  • Alloy steel bars
  • Seamless steel tubing
  • Mechanical tubing products
  • Industrial steel supply

Where Timken Steel is headquartered

Location

Headquarters

HQ city
Canton
HQ country
United States
HQ region
North America

Markets served

Timken Steel business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Timken Steel product offering

Product offering

Core offering

Timken Steel manufactures specialty alloy steel products, including steel bars and billets, large bars, gears, and seamless mechanical steel tubing. These engineered steel products are produced for industrial customers in sectors such as automotive, energy, heavy equipment, and other demanding mechanical applications.

Differentiator

Problem solved

Functional benefit

Products and services

  • Steel Bars & Billets

Companies that use Timken Steel

Customer profile

Ideal customer profiles1 record

Timken Steel technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Timken Steel partnerships and signals

Strategic signal

Recent moves1 record

Expansion highlights1 record

Timken Steel competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key highlights5 records

Customer concentration

Timken Steel social profiles

Digital presence

Timken Steel financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Timken Steel leadership team

Management profile

Number of profiles

Profiles2 records

Timken Steel funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Timken Steel M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Timken Steel

What does Timken Steel do?

Timken Steel manufactures specialty alloy steel products, including steel bars and billets, large bars, gears, and seamless mechanical steel tubing. These engineered steel products are produced for industrial customers in sectors such as automotive, energy, heavy equipment, and other demanding mechanical applications.

When was Timken Steel founded?

Timken Steel was founded in 2014. It employs 1,001 to 5,000 people.

Where is Timken Steel based?

Timken Steel is headquartered in Canton, United States, in the North America region.

Does Timken Steel have an API?

No public API is recorded for Timken Steel.

What industry is Timken Steel in?

Timken Steel's product category is Specialty Steel Manufacturing. Its primary akta.pro industry code is IMAKABAJ, Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA). Its NAICS code is 331210 and its SIC code is 3317.

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Live signals
BenzingaUS Gold Corp Advances CK Gold Project, TimkenSteel Rebrands To Metallus, Foremost Lithium Gets Permit ForU.S. Gold Corp advanced its CK Gold Project with expected permit approval and feasibility study completion in the first half of 2024, while TimkenSteel announced a rebrand to Metallus Inc. to reflect its strategic growth vision. Concurrently, Foremost Lithium secured a multi-year work permit from the Manitoba government for exploration activities at its Jean Lake Lithium/Gold Project.PR NewswireTimkenSteel Announces Fourth-Quarter and Full-Year 2022 ResultsTimkenSteel reported fourth-quarter 2022 net sales of $245.4 million and a net loss of $33.2 million, a significant decline from the prior-year quarter's net income of $57.1 million, driven by lower shipments and reduced surcharge revenue from decreased scrap prices. For the full-year 2022, the company achieved net income of $65.1 million on net sales of $1.3 billion, though H2 performance was impacted by safety issues, production downtime, and higher manufacturing costs of $126.2 million versus the prior year. The company expects a sequential improvement in adjusted EBITDA in Q1 2023, with ship tons projected to increase by at least 25 percent and annual price agreements completed with meaningful base price increases covering approximately 70 percent of the 2023 order book.PR NewswireTimkenSteel Announces Fourth-Quarter and Full-Year 2022 Earnings Webcast DetailsTimkenSteel Corp. announced it will release its fourth-quarter and full-year 2022 financial results on February 23, 2023, after market close, with a live conference call scheduled for the following day at 9:00 a.m. EDT.PR NewswireTimkenSteel Announces Third-Quarter 2022 ResultsTimkenSteel reported third-quarter 2022 net sales of $316.8 million and a net loss of $13.3 million, down significantly from net income of $74.5 million in the second quarter, due to a July incident at its melt shop that reduced melt utilization to 40 percent from 84 percent in Q2. The company achieved record ending cash and cash equivalents of $262.5 million and generated $46.8 million in operating cash flow, while also repurchasing 1.3 million common shares for $19.7 million and having its board authorize an additional $75 million share repurchase program. Despite near-term challenges, demand remains solid across end markets with a customer order backlog exceeding 300,000 ship tons, and the company expects melt utilization to improve to 50-60 percent in Q4 as production ramps up.PR NewswireTimkenSteel Elects Two New Independent DirectorsTimkenSteel Corporation's board of directors elected Mary Ellen Baker and Nick Chirekos as new independent directors. Baker brings expertise in technology, operations, and cybersecurity from her former role at Citizens Bank, while Chirekos has extensive investment banking experience in the mining sector from his tenure at J.P. Morgan. The company states these appointments strengthen the board's expertise in capital markets and mergers and acquisitions aligned with TimkenSteel's strategic growth priorities.Canton RepositoryJuly accident at Faircrest steel plant stalling TimkenSteel productionA July 26 accident at the Faircrest Steel Mill has disrupted TimkenSteel's production, with ongoing investigations and repairs halting operations. Three workers were injured in the explosion, and while the melt shop is expected to resume by mid-August, TimkenSteel's financial performance remains strong with a reported profit of $74.5 million for the second quarter. The company continues to focus on high-value markets, including electric vehicles and renewable energy.PR NewswireTimkenSteel Announces Second-Quarter 2022 ResultsTimkenSteel reported second-quarter 2022 net sales of $415.7 million, representing a 27% increase year-over-year, with net income of $74.5 million and record adjusted EBITDA of $84.2 million. The company generated strong operating cash flow of $50.7 million, driven by higher base prices, increased raw material surcharges, and improved product mix across all end markets. CEO Mike Williams noted that markets remain strong and the company's commercial strategy is driving margin expansion while focusing on high-value end markets.PR NewswireTimkenSteel to Purchase Group Annuity Contract for Retiree Pension BenefitsTimkenSteel entered into an agreement on July 7, 2022, to purchase a group annuity contract from Prudential Insurance Company of America to settle approximately $250 million of its U.S. pension obligations under the TimkenSteel Corporation Bargaining Unit Pension Plan. The contract covers approximately 1,900 retirees and beneficiaries who will receive annuity payments from Prudential starting October 1, 2022, with no reduction in their benefits. The transaction, requiring no cash contribution from TimkenSteel, is expected to reduce the company's U.S. pension obligation by 25% and generate a non-cash pension settlement gain of approximately $2 million in Q3 2022.PR NewswireTimkenSteel Announces Fourth-Quarter and Full-Year 2021 ResultsTimkenSteel reported fourth-quarter 2021 net sales of $338.3 million and net income of $57.1 million, compared with a net loss of $12.8 million in the prior-year quarter. Full-year 2021 net sales reached $1.3 billion, a 54 percent increase year-over-year, with net income of $171.0 million versus a net loss of $61.9 million in 2020. The company ended 2021 with a record cash balance of $259.6 million and total liquidity of $510.7 million, while customer demand remains strong with a full order book for the first half of 2022.PR NewswireTimkenSteel Announces Fourth-Quarter and Full-Year Fiscal 2021 Earnings Webcast DetailsTimkenSteel Corp announced it will release its 2021 fourth-quarter and full-year financial results on Thursday, February 24, 2022, after market close, with a live conference call scheduled for Friday, February 25, 2022 at 9:00 a.m. ET. The company manufactures high-performance carbon and alloy steel products from recycled scrap metal in Canton, Ohio, and is a premier U.S. producer of alloy steel bars, seamless mechanical tubing, and manufactured components. TimkenSteel employs approximately 1,900 people and reported sales of $831 million in 2020.