Timken Latrobe Steel will increase prices by 5 to 10% on all remelted aerospace alloys and air melt stainless steel grades. The price change will be effective with all new orders received beginning March 15, 2005. Raw material surcharges will remain in effect.

"Increasing operational costs and other key factors have made this price increase necessary," said Hans J. Sack, President of Timken Latrobe Steel.

Timken Latrobe Steel, a subsidiary of The Timken Co., is a leading specialty steel producer in North America. The Timken Co. is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 26 countries. Timken recorded 2004 sales of $4.5 billion and employed approximately 26,000 at year-end.