TimkenSteel COLA Adjustment
It's official. The TimkenSteel COLA adjustment has been calculated and confirmed. Bottom line, the $0.79 increase will become effective May 1, 2022.Quick version: June 2021 is used for the March and June 2022 adjustments. That figure is used to create a Base Index Trigger (June 2021 figure x 103%) and Cap (June 2021 figure x 106%). March exceeded the cap. Subtract the Base Index from the Cap and divide by 0.3.
