June 27, 2006 — Timken Latrobe Steel will increase prices by 3 to 7 percent on all remelted aerospace alloys.

The company said that the price change would be effective immediately for all new inquiries and beginning July 1, 2006, for all new orders. Raw material surcharges will remain in effect.

"This price increase will enable Timken Latrobe Steel to recover the increasing operational costs that we are experiencing throughout our entire manufacturing process so we can continue to invest in capacity to improve our response to market demands," said Hans J. Sack, President of Timken Latrobe Steel.

Timken Latrobe Steel is a subsidiary of The Timken Co.