The Timken Corp. announced it would increase prices on tubular steel products by 3-1/2 to 10%, depending on size, grade and finish of the steel. Double thermal-treated products will increase an additional 2%.

These price increases apply to new orders received after June 14, 2004 and to existing orders promised for shipment on or after October 1, 2004. Raw material surcharges will remain in effect.

The Timken Corp. is a U.S. sales and marketing subsidiary of The Timken Co. The company 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.