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TimkenSteel's Endurance Steels Named American Metal Market's Best Product Innovation of the Year

06/29/2018

CANTON, Ohio, June 29, 2018 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST, timkensteel.com) a leader in customized alloy steel products and services, has earned the prestigious American Metal Market (AMM) Award for Steel Excellence in the  "Best Innovation – Product" category for its Endurance family of ultra-high-strength, high-toughness steels. The company was recognized at AMM's awards ceremony on Tuesday, June 26, in New York City.

TimkenSteel’s award-winning Endurance family of steels includes three new, patent-pending, ultra-high-strength, high-toughness grades; offers customers the ability to achieve lighter weight, longer life and/or more power. Endurance steels were developed to benefit customers whose applications are especially demanding and/or where conditions are extreme, including oil and gas drilling components (shown), industrial and automotive gears and in high-performance aerospace and marine applications.

The AMM Awards for Steel Excellence recognize world-class innovation and excellence in steel and steel-related industries. Winners are selected by a panel of judges with extensive steel industry leadership experience.

"We're honored and humbled to be part of such a distinguished group of industry innovators," said Ray Fryan, vice president of technology and quality. "Innovation has been a TimkenSteel core value since we were founded more than 100 years ago. The focus on making cleaner and better-performing steels to meet our customers' needs is something our company – and especially our team of materials science and manufacturing experts – are particularly proud of."

The Endurance family of steels, comprised of both TimkenSteel's existing high-strength and/or high-toughness grades as well as three new, patent-pending, ultra-high-strength, high-toughness steels, is designed to provide longer life, more power and/or lighter weight in highly engineered components like gears. These grades provide multiple material options that can satisfy a range of performance objectives. In addition, higher levels of strength and toughness offer designers and manufacturers the ability to create improved components that can achieve significant savings and performance advantages over those produced from more traditional steel grades. Additional benefits may include reduced downtime and lower warranty costs.

The Endurance line results from close collaboration with a broad range of industrial, oil and gas and automotive customers to achieve enhanced results in extremely demanding applications.

About TimkenSteel Corporation
TimkenSteel (NYSE:TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (up to 16 inches in diameter) and seamless mechanical tubing made of its special bar quality (SBQ) steel, as well as supply chain and steel services. TimkenSteel operates warehouses and sales offices in five countries and has made its steel in America for more than 100 years. The company posted sales of $1.3 billion in 2017. Follow us on Twitter @TimkenSteel and on Instagram.

TimkenSteel Corporation Logo. (PRNewsFoto/TimkenSteel Corporation)

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/timkensteels-endurance-steels-named-american-metal-markets-best-product-innovation-of-the-year-300674896.html

SOURCE TimkenSteel Corporation

Media Contact: Carla J. Wooley, APR, P 330.471.7760, news@timkensteel.com; Investor Contact: Chris Holding, P 330.471.7000,ir@timkensteel.com