TimkenSteel Awards First Class of Scholars $245,000

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Dec 10, 2014, 01:30 ET

CANTON, Ohio, Dec. 10, 2014 /PRNewswire/ -- The TimkenSteel Charitable Fund today awarded the first class of TimkenSteel scholars with $245,000 in scholarship funds.

The eight high school seniors, all children of TimkenSteel Corporation employees, will use the funds for the academic pursuit of their choice at any accredited university. They participated in a competitive application process which was open to employees' children around the world and based upon academic and extracurricular achievement.

"TimkenSteel employees are among the best in the business. They take on tough engineering challenges for customers and make steel for the most demanding applications. We take pride in contributing to their children's future as they realize their own educational and career potential," said Elaine Russell Reolfi, vice president of communications and community relations. "The TimkenSteel Charitable Fund focuses on making a long-term impact in our local communities by investing for the future. Education is an important part of that."

The TimkenSteel Charitable Fund launched in 2014 when TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, became an independent company, but the steelmaker's tradition of awarding scholarships to employees' children dates to 1958.

This year, Marissa Lopez, the daughter of Tony Lopez, manager of global bearing industrial sales, is the top-ranked applicant and receives a $35,000 scholarship, renewable for up to three additional years for a total of $140,000. Marissa is a senior at Charlotte Catholic High School and plans to study global business and economics.

Two students received $10,000 scholarships, renewable for up to three additional years for a total of $40,000 each:

Alissa Kiefer, the daughter of Theodore Kiefer, rolling mill attendant at Faircrest Steel Plant. Alissa is a senior at McKinley High School and plans to study psychology;
Traci Langenderfer, the daughter of Gary Langenderfer, strategy manager for global sourcing at TimkenSteel's Canton offices. Traci is a senior at Jackson High School and plans to study physical therapy.

In addition, five students received $5,000 scholarships:

Sean Adams, the son of Brad Adams, senior maintenance analyst at Gambrinus Steel Plant. Sean is a senior at Wadsworth High School and plans to study environmental studies;
Emily Cao, the daughter of Don Cao, product development specialist at TimkenSteel's Canton offices. Emily is a senior at Jackson High School and plans to study biomedical engineering;
Alexander Forster, the son of Eric Forster, principal process control engineer at Faircrest Steel Plant. Alexander is a senior at Copley High School and plans to study chemical engineering;
Shannon Sellari, the daughter of Thomas Sellari, manager of steel making at Faircrest Steel Plant. Shannon is a senior at Jackson High School and plans to study engineering;
Vincent Yacono, the son of Michael Yacono, mechanical maintainer at Gambrinus Steel Plant. Vincent is a senior at Jackson High School and plans to study pharmacy.

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 (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Follow us on Twitter @TimkenSteel.

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SOURCE TimkenSteel Corporation