Timkensteel Corporation (TMST) |
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Timkensteel's Suppliers Performance
TMST's Supply Chain
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TMST Costs vs Sales of Suppliers Growth |
Timkensteel's Suppliers recorded an increase in sales by 12.55 % year on year in Q3 2023, from the previous quarter, sales fell by -1.95 %, Timkensteel's cost of sales deteriorated by -2.63 % year on year, sequentially cost of sales grew by 0.33 % in Q3.
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Timkensteel's Suppliers recorded an increase in sales by 12.55 % year on year in Q3 2023, from the previous quarter, sales fell by -1.95 %, Timkensteel's cost of sales deteriorated by -2.63 % year on year, sequentially cost of sales grew by 0.33 % in Q3.
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News about Timkensteel Corporation Contracts |
Timkensteel's Comment on Supply Chain
The principal raw materials that we use to manufacture steel are recycled scrap
metal, chrome, nickel, molybdenum oxide, vanadium and other alloy materials. Raw
materials comprise a significant portion of the steelmaking cost structure and
are subject to price and availability changes due to global demand fluctuations
and local supply limitations. Proper selection and management of raw materials
can have a significant impact on procurement cost, flexibility to supply changes,
steelmaking energy costs and mill productivity. Because of our diverse order book
and demanding steel requirements, we have developed differentiated expertise in
this area and created a raw material management system that contributes to our
competitive cost position and advantage.
In addition to accessing scrap and alloys through the open market, we have established
a scrap return supply chain with many of our customers. We operate a scrap processing
company for improved access, reliability and cost. Our raw material feeder system
is designed to achieve high consistency, reliable chemistry and low variability
from a number of our sources. We have extensive segregation points, chemistry
monitoring, computerized modeling of variability and total systems optimization
(inventory, operating practices, capacity impact, order book, procurement flexibility
and strategy). Roughly 40% of our raw material sources are considered “highly
controlled,” which gives us greater flexibility to substitute lower-cost
scrap based on availability. Our raw material management process achieves competitive
procurement at competitive costs. This part of our business solidly rests on
a deep knowledge of the raw material supply industry and an extensive network
of relationships that result in steady, reliable supply from our raw material
sources.
Timkensteel's Comment on Supply Chain
The principal raw materials that we use to manufacture steel are recycled scrap
metal, chrome, nickel, molybdenum oxide, vanadium and other alloy materials. Raw
materials comprise a significant portion of the steelmaking cost structure and
are subject to price and availability changes due to global demand fluctuations
and local supply limitations. Proper selection and management of raw materials
can have a significant impact on procurement cost, flexibility to supply changes,
steelmaking energy costs and mill productivity. Because of our diverse order book
and demanding steel requirements, we have developed differentiated expertise in
this area and created a raw material management system that contributes to our
competitive cost position and advantage.
In addition to accessing scrap and alloys through the open market, we have established
a scrap return supply chain with many of our customers. We operate a scrap processing
company for improved access, reliability and cost. Our raw material feeder system
is designed to achieve high consistency, reliable chemistry and low variability
from a number of our sources. We have extensive segregation points, chemistry
monitoring, computerized modeling of variability and total systems optimization
(inventory, operating practices, capacity impact, order book, procurement flexibility
and strategy). Roughly 40% of our raw material sources are considered “highly
controlled,” which gives us greater flexibility to substitute lower-cost
scrap based on availability. Our raw material management process achieves competitive
procurement at competitive costs. This part of our business solidly rests on
a deep knowledge of the raw material supply industry and an extensive network
of relationships that result in steady, reliable supply from our raw material
sources.
TMST's Suppliers Net Income grew by |
TMST's Suppliers Net margin grew in Q3 to |
26.78 % |
11.94 % |
TMST's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Timkensteel Corporation |
992.00 |
1,332.40 |
34.90 |
2,600 |
Nucor Corporation |
49,230.61 |
35,732.93 |
5,366.20 |
28,800 |
P10 Inc |
922.91 |
235.80 |
-1.04 |
27,780 |
Cleveland cliffs Inc |
11,629.83 |
21,996.00 |
450.00 |
5,386 |
Ati Inc |
7,474.81 |
4,173.60 |
423.40 |
9,700 |
Sunoco Lp |
6,444.56 |
23,068.00 |
824.00 |
22,500 |
Norfolk Southern Corporation |
58,107.48 |
12,156.00 |
1,827.00 |
18,100 |
Intercontinental Exchange Inc |
77,776.65 |
10,222.00 |
2,438.00 |
8,858 |
Flowserve Corp |
6,014.57 |
4,319.83 |
205.19 |
16,250 |
Air Products And Chemicals Inc |
54,011.28 |
12,600.00 |
2,338.60 |
21,900 |
Steel Dynamics Inc |
24,841.97 |
18,794.88 |
2,467.33 |
10,640 |
Pentair Plc |
14,151.07 |
4,104.20 |
622.70 |
11,250 |
Honeywell International Inc |
137,187.60 |
36,662.00 |
5,672.00 |
99,000 |
Navios Maritime Holdings Inc |
79.27 |
585.82 |
91.90 |
491 |
Medixall Group Inc |
0.00 |
0.23 |
-8.25 |
1 |
Ceco Environmental Corp |
0.00 |
323.92 |
1.98 |
0 |
Usd Partners Lp |
3.21 |
77.98 |
0.59 |
1 |
Euroseas Ltd |
245.69 |
182.69 |
106.24 |
6 |
Commercial Metals Company |
6,918.06 |
8,489.44 |
427.22 |
8,388 |
Suncoke Energy Inc |
915.77 |
2,063.20 |
63.50 |
907 |
Adamant Dri Processing And Minerals Group |
7.12 |
0.00 |
-0.06 |
25 |
Applied Minerals Inc |
0.03 |
0.60 |
-2.28 |
32 |
Dynaresource Inc |
45.12 |
40.13 |
-3.83 |
99 |
Mesabi Trust |
230.52 |
78.18 |
74.73 |
1 |
Mcewen Mining inc |
469.09 |
166.23 |
33.18 |
293 |
Scandium International Mining Corp |
0.00 |
0.00 |
-3.31 |
6 |
Texas Mineral Resources Corp |
0.00 |
0.00 |
-2.25 |
3 |
Lsb Industries Inc |
615.76 |
694.08 |
99.14 |
610 |
Martin Marietta Materials Inc |
38,036.07 |
6,645.40 |
1,070.60 |
10,000 |
Barnes Group Inc |
1,871.53 |
1,450.87 |
16.00 |
5,036 |
Schnitzer Steel Industries Inc |
0.00 |
3,437.02 |
204.74 |
0 |
Reliance Inc |
19,553.47 |
14,805.90 |
1,340.10 |
14,500 |
Ryerson Holding Corporation |
1,120.00 |
5,284.10 |
96.60 |
3,000 |
SUBTOTAL |
517,904.02 |
228,391.04 |
26,239.94 |
323,563 |
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