Timken Latrobe Steel will increase prices by 6 to 8% on rounds, plate and flats tool steel and alloy products. The price change is effective with shipments beginning on November 1, 2004.

Raw material surcharges will remain in effect.

"High energy, scrap and production costs are reasons for this price increase," said David A. Murray, Vice President—Sales and Marketing for Timken Latrobe Steel.

Timken Latrobe Steel, a subsidiary of The Timken Co., is a leading North American specialty steel producer. 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 27 countries. A Fortune 500 company, Timken recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.