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28 Apr
17:00

TimkenSteel posts first quarter loss

US specialty bar and tube producer TimkenSteel recorded a loss in the first quarter, but the company expects to see returns soon on its efforts to capture market share and ramp up capacity, Kallanish reports. “The strategy we are deploying is working,” says ceo Tim Timken. “We won new business and, now that our markets have begun to turn, we are focused on effectively ramping up to meet our customers' needs. We are adding manufacturing crew…
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