Edition:
United Kingdom

TimkenSteel Corp (TMST.N)

TMST.N on New York Stock Exchange

18.11USD
19 Jan 2018
Change (% chg)

$-0.03 (-0.17%)
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$18.14
Open
$18.10
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$18.23
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$17.79
Volume
103,450
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134,261
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$23.00
52-wk Low
$12.50

Latest Key Developments (Source: Significant Developments)

‍United Steelworkers ratify four-year contract with TimkenSteel​
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - TimkenSteel Corp ::‍UNITED STEELWORKERS RATIFY FOUR-YEAR CONTRACT WITH TIMKENSTEEL​.  Full Article

Timkensteel, United Steelworkers reach another tentative agreement for new 4-year contract
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Timkensteel Corp :Timkensteel, United Steelworkers reach another tentative agreement for new four-year contract.Timkensteel Corp - ‍ co and United Steelworkers local 1123 have reached a third tentative agreement on a four-year contract​.Timkensteel Corp - ‍union will set and announce date for its membership to vote on tentative agreement​.Timkensteel Corp - ‍tentative agreement provides increases to permanent base wages every year, a signing bonus if ratified, among others​.  Full Article

TimkenSteel, United Steelworkers reach second tentative agreement for new four-year contract
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Timkensteel Corp :TimkenSteel, United Steelworkers reach second tentative agreement for new four-year contract.TimkenSteel -‍tentative agreement provides increases to permanent base wages every year, healthcare, retirement benefits, among others, for all members​.  Full Article

TimkenSteel posts Q3 loss per share $0.13
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - TimkenSteel Corp :TimkenSteel announces third-quarter 2017 earnings; shows significant year-over-year improvement.Q3 loss per share $0.13.Q3 sales $339.1 million versus I/B/E/S view $351.5 million.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.TimkenSteel Corp - ‍2017 capital spending is projected to be $40 million​.TimkenSteel Corp - ‍fourth-quarter shipments are expected to be between 3 percent and 5 percent higher than third-quarter 2017​.TimkenSteel Corp - ‍fourth-quarter adjusted EBITDA is projected to be between breakeven and $10 million​.TimkenSteel Corp - ‍raw material spread is expected to be lower in Q4 primarily due to a decrease in average no. 1 busheling index​.  Full Article

‍Tentative agreement between Timkensteel, United Steelworkers voted down​
Saturday, 21 Oct 2017 

Oct 20 (Reuters) - Timkensteel Corp ::‍Tentative agreement between Timkensteel, United Steelworkers voted down​.Timkensteel - ‍employees who are members of USW local 1123 have failed to ratify tentative agreement between bargaining representatives and company​.‍Anticipate co will be back in discussions with USW within next few days​.  Full Article

Timkensteel announces Q2 2016 results
Wednesday, 27 Jul 2016 

TimkenSteel Corp TimkenSteel Corp Announces Second Quarter 2016 Results : Timkensteel Corp sees Q3 net loss is projected to be between $20 million and $13 million. . 2016 capital spending is projected to be $45 million. . Timkensteel Corp sees q3 raw material spread is expected to be flat versus q2 . Qtrly U.S. Rig count is about 50 percent lower compared with Q2 of 2015 . Timkensteel Corp sees Q3 melt utilization is expected to be similar to Q2 . Q3 net loss is projected to be between $20 million and $13 million . 2016 capital spending is projected to be $45 million . Q2 loss per share $0.24 . Q2 sales $223.1 million . Q2 earnings per share view $-0.25 -- Thomson Reuters I/B/E/S . Q3 shipments are expected to be approximately 5 percent lower than second-quarter 2016 . Imports and weak market dynamics are expected to continue to pressure pricing .Third-Quarter 2016 ebitda is projected to be between a loss of $10 million and breakeven.  Full Article

Timkensteel prices offering of convertible senior notes
Wednesday, 25 May 2016 

Timkensteel Corp : Pricing of its previously announced registered public offering of $75.0 million aggregate principal amount . Notes will be Timkensteel's senior unsecured obligations and will bear interest at a rate of 6.00% per annum .Timkensteel prices offering of convertible senior notes.  Full Article

Timkensteel to offer, sell $75 mln of senior notes due 2021
Tuesday, 24 May 2016 

Timkensteel Corp : Timkensteel Corp says intends to offer and sell $75 million aggregate principal amount of convertible senior notes due 2021 in registered public offering . Says notes are expected to mature on June 1, 2021 . Intends to use net proceeds received to repay a portion of amounts outstanding under its asset-based revolving credit facility .Timkensteel announces proposed offering of convertible senior notes.  Full Article

BRIEF-‍United Steelworkers ratify four-year contract with TimkenSteel​

* ‍UNITED STEELWORKERS RATIFY FOUR-YEAR CONTRACT WITH TIMKENSTEEL​ Source text for Eikon: Further company coverage: