Metallus (MTUS) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'TimkenSteel Corporation	'
Entity Central Index Key	'0001598428	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	45,637,975

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	$434.20	$350.50	$1,265.90	$1,050.90
Cost of products sold	363	300.5	1,048.50	883.6
Gross Profit	71.2	50	217.4	167.3
Selling, general and administrative expenses	31.1	23.1	81.5	69.2
Operating Income	40.1	26.9	135.9	98.1
Interest expense	0.2	0.2	0.9	0.2
Other expense, net	0.2	0.1	0.1	0.4
Income From Operations Before Income Taxes	39.7	26.6	134.9	97.5
Provision for income taxes	14	9.5	46.9	34.1
Net Income	$25.70	$17.10	$88	$63.40
Basic earnings per share	$0.56	$0.37	$1.93	$1.39
Diluted earnings per share	$0.56	$0.37	$1.91	$1.37
Dividends per share	$0.14	$0	$0.14	$0

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income Statement (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Income	$25.70	$17.10	$88	$63.40
Foreign currency translation adjustments	-0.6	-0.1	-0.2	0.1
Pension and postretirement liability adjustment	5.5	0	8.4	0
Other comprehensive income (loss), net of tax	4.9	-0.1	8.2	0.1
Comprehensive Income, net of tax	$30.60	$17	$96.20	$63.50

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Cash and cash equivalents	$37.50	$0
Accounts receivable, net of allowances	203.5	122.7
Accounts receivable due from related party	0	26.7
Inventories, net	273.1	227
Deferred income taxes	13.6	1.7
Deferred charges and prepaid expenses	3.2	0.8
Other current assets	18.8	4.2
Total Current Assets	549.7	383.1
Property, Plant and Equipment, Net	757.5	682.6
Pension assets	80	0
Intangible assets	10.5	11.2
Other non-current assets	2.5	1.9
Total Other Assets	93	13.1
Total Assets	1,400.20	1,078.80
Accounts payable, trade	138.2	86.4
Accounts payable due to related party	0	17.7
Salaries, wages and benefits	45.8	37.6
Accrued pension and postretirement	18.1	0
Income taxes payable	12.2	0
Other current liabilities	31.9	13.2
Total Current Liabilities	246.2	154.9
Long-term debt	130.2	30.2
Accrued pension and postretirement	96.5	0
Deferred income taxes	88.5	86.1
Other non-current liabilities	11.7	6.8
Total Non-Current Liabilities	326.9	123.1
Commitments and contingencies	0	0
Preferred shares, no par value; authorized 10.0 million shares, none issued	0	0
Common shares, no par value; authorized 200.0 million shares; issued 2014 - 45.6 million shares; 2013 - 0.0 shares	0	0
Additional paid-in capital	1,041.20	0
Net parent investment	0	801.2
Retained earnings	19.3	0
Treasury shares	-4.1	0
Accumulated other comprehensive loss	-229.3	-0.4
Total Equity	827.1	800.8
Total Liabilities and Equity	$1,400.20	$1,078.80

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets Parenthetical (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
Allowances for accounts receivable	$0.30	$0.20
Company preferred stock, no par vale, authorized	10,000,000	0
Company common stock, no par vale, authorized	200,000,000	0
Common Stock, Shares, Issued	45,600,000	0

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Statement of Cash Flows [Abstract]	'	'
Net Income	$88	$63.40
Depreciation and amortization	42.9	36.7
Loss on sale of assets	1.3	0.6
Deferred income tax provision	-14.1	28.1
Stock-based compensation expense	4.3	2.1
Pension and other postretirement expense	9.6	0
Pension and other postretirement contributions and payments	-15.3	0
Accounts receivable	-54.1	-36.4
Inventories	-46.1	15.1
Accounts payable, trade	34.1	37
Other accrued expenses	32.5	0.3
Other, net	-14.6	1.5
Net Cash Provided (Used) by Operating Activities	68.5	148.4
Capital expenditures	-83.1	-124.1
Proceeds from disposals of property, plant and equipment	0	0.2
Net Cash Used by Investing Activities	-83.1	-123.9
Cash dividends paid to shareholders	-6.4	0
Purchase of treasury shares	-4.1	0
Proceeds from exercise of stock options	5.8	0
Payment on long-term debt	-30.2	0
Proceeds from issuance of debt	130.2	0
Dividend paid to The Timken Company	-50	0
Net transfers (to)/from Parent and affiliates	-3.8	24.5
Cash received from Timken for settlement of separation	3	0
Net Cash Used by Financing Activities	52.1	-24.5
Effect of exchange rate changes on cash	0	0
Increase (Decrease) In Cash and Cash Equivalents	37.5	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at beginning of year	$37.50	$0

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	Note 1 - Basis of Presentation
	On June 30, 2014, TimkenSteel Corporation (TimkenSteel) became an independent company as a result of the distribution by The Timken Company (Timken) of 100 percent of the outstanding common shares of TimkenSteel to Timken shareholders (the spinoff). Each Timken shareholder of record as of the close of business on June 23, 2014 (the Record Date) received one TimkenSteel common share for every two Timken common shares held as of the Record Date. The spinoff was completed on June 30, 2014 and was structured to be tax-free to both Timken and TimkenSteel shareholders. Settlement of the transfer of assets and liabilities between Timken and TimkenSteel was finalized in the third quarter of 2014.
	On July 1, 2014, TimkenSteel common shares began regular trading on the New York Stock Exchange under the ticker symbol “TMST.”
	TimkenSteel manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately 2 million tons. TimkenSteel’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, TimkenSteel supplies machining and thermal treatment services and manages raw material recycling programs, which is done as a feeder system for TimkenSteel’s operations.
	Prior to the spinoff on June 30, 2014, TimkenSteel operated as a reportable segment within Timken. The accompanying Unaudited Consolidated Financial Statements for periods prior to the separation have been prepared from Timken’s historical accounting records and are presented on a stand-alone basis as if the operations had been conducted independently from Timken. Accordingly, Timken and its subsidiaries’ net investment in these operations is shown as net parent investment in lieu of stockholder’s equity in the Unaudited Consolidated Financial Statements. The Unaudited Consolidated Financial Statements for periods prior to the separation include the historical results of operations, assets and liabilities of the legal entities that are considered to comprise TimkenSteel. The historical results of operations, financial position, and cash flows of TimkenSteel presented in the Unaudited Consolidated Financial Statements for periods prior to the separation may not be indicative of what they would have been had TimkenSteel actually been a separate stand-alone entity during such periods, nor are they necessarily indicative of TimkenSteel’s future results of operations, financial position and cash flows.
	The accompanying Unaudited Consolidated Financial Statements for TimkenSteel have been prepared for the nine months ended September 30, 2014 and do not include all of the information and notes required by the accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures considered necessary for a fair presentation have been included. For further information, refer to TimkenSteel’s Audited Consolidated Financial Statements for the year ended December 31, 2013 and related information included in its registration statement on Form 10, which the SEC declared effective on June 10, 2014.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	Note 2 - Recent Accounting Pronouncements
	In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This ASU is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted. The adoption of ASU 2014-15 is not expected to have a material effect on the results of operations and financial condition of TimkenSteel.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which provides guidance for revenue recognition. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets. This ASU will supersede the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, “Revenue Recognition-Construction-Type and Production-Type Contracts.” The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. The standard will be effective for TimkenSteel in the first quarter of fiscal year 2017. Early adoption is not permitted. TimkenSteel is currently evaluating the impact of the adoption of this accounting standard update on its results of operations and financial condition.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360).” ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on a company’s operations and financial results should be presented as discontinued operations. ASU 2014-08 also requires expanded disclosures about discontinued operations, including information about the assets, liabilities, income, and expenses of discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014, with early adoption permitted. The adoption of ASU 2014-08 did not affect TimkenSteel’s Unaudited Consolidated Financial Statements because TimkenSteel did not have any discontinued operations.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The new accounting rules were effective for annual and interim reporting periods beginning after December 15, 2013. Effective January 1, 2014, TimkenSteel adopted ASU 2013-11. The new accounting rules had no impact on the results of operations and financial condition of TimkenSteel.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Note 3 - Inventories
	The components of inventories, net as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,			December 31,
		2014			2013
	Inventories, net:
	Manufacturing supplies		$36.00			$32.80
	Raw materials	58.2			42.9
	Work in process	103.2			81.6
	Finished products	78.1			71.6
	Subtotal	275.5			228.9
	Allowance for surplus and obsolete inventory	(2.4		)	(1.9		)
	Total Inventories, net		$273.10			$227.00
	Inventories are valued at the lower of cost or market, with approximately 65% valued by the last-in, first-out (LIFO) method and the remaining 35% valued by the first-in, first-out (FIFO) method. The majority of TimkenSteel’s domestic inventories are valued by the LIFO method. All of TimkenSteel’s manufacturing supplies inventory as well as its international (outside the United States) inventories are valued by the FIFO method.
	An actual valuation of the inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must be based on management’s estimates of expected year-end inventory levels and costs. Because these calculations are subject to many factors beyond management’s control, annual results may differ from interim results as they are subject to the final year-end LIFO inventory valuation.
	The LIFO reserve, excluding the impact of full-cost inventory adjustments, as of September 30, 2014 and December 31, 2013 was $82.8 million and $75.5 million, respectively. TimkenSteel expects to recognize additional LIFO expense of approximately $1.0 million to $3.0 million for the year ended December 31, 2014. The expected increase in the LIFO reserve for the year ended December 31, 2014 reflects higher anticipated costs, particularly scrap steel costs. A 1.0% increase in costs would increase the current LIFO expense estimate for the year ended December 31, 2014 by approximately $2 million. A 1.0% increase in inventory quantities would have no effect on the current LIFO expense estimate for 2014.

Property_Plant_and_Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	Note 4 - Property, Plant and Equipment
	The components of property, plant and equipment, net as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,			December 31,
		2014			2013
	Property, Plant and Equipment, net:
	Land and buildings		$288.80			$250.30
	Machinery and equipment	1,200.50			1,159.70
	Construction-in-progress	276.1			220
	Subtotal	1,765.40			1,630.00
	Less allowances for depreciation	(1,007.9		)	(947.4		)
	Property, Plant and Equipment, net		$757.50			$682.60
	Total depreciation expense was $42.2 million and $35.9 million for the nine months ended September 30, 2014 and 2013, respectively. At September 30, 2014 and December 31, 2013, property, plant and equipment, net included $18.2 million and $17.8 million, respectively, of capitalized software. Depreciation expense for capitalized software was approximately $2.3 million and $1.3 million for the nine months ended September 30, 2014 and 2013, respectively. In conjunction with the spinoff, property, plant and equipment, including its related allowance for depreciation, was transferred from Timken to TimkenSteel in the second quarter of 2014.
	Prior to the spinoff, TimkenSteel capitalized interest allocated from Timken related to construction projects was $5.7 million and $7.3 million for the nine months ended September 30, 2014 and 2013, respectively. TimkenSteel recorded additional capitalized interest of $0.6 million for the three months ended September 30, 2014 related to its borrowings subsequent to the separation from Timken on June 30, 2014.

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]	'
Intangible Assets Disclosure [Text Block]	'
	Note 5 - Intangible Assets
	The components of intangible assets as of September 30, 2014 and December 31, 2013 were as follows:
		September 30, 2014						December 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	Intangible Assets Subject to Amortization:
	Customer relationships		$6.80		$2.30		$4.50		$6.80		$2.00		$4.80
	Technology use	9		3.9		5.1		9		3.5		5.5
	Non-compete agreements	1		1		—		1		1		—
		16.8		7.2		9.6		16.8		6.5		10.3
	Intangible Assets not Subject to Amortization:
	Tradename	0.9		—		0.9		0.9		—		0.9
		0.9		—		0.9		0.9		—		0.9
	Total Intangible Assets		$17.70		$7.20		$10.50		$17.70		$6.50		$11.20
	Intangible assets subject to amortization are amortized on a straight-line method over their legal or estimated useful lives, with useful lives ranging from five to 20 years. Amortization expense for intangible assets for the nine months ended September 30, 2014 and 2013 was $0.7 million and $0.8 million, respectively.

Financing_Arrangements

Financing Arrangements	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Financing Arrangements	'
	Note 6 - Financing Arrangements
	The components of long-term debt as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,		December 31,
		2014		2013
	Variable-rate State of Ohio Water Development Revenue Refunding Bonds, maturing on November 1, 2025 (0.04% as of September 30, 2014)		$12.20		$12.20
	Variable-rate State of Ohio Air Quality Development Revenue Refunding Bonds, maturing on November 1, 2025 (0.04% as of September 30, 2014)	9.5		9.5
	Variable-rate State of Ohio Pollution Control Revenue Refunding Bonds, maturing on June 1, 2033 (0.04% as of September 30, 2014)	8.5		8.5
	Revolving credit facility, due 2019 (LIBOR plus applicable spread)	100		—
	Total Long-Term Debt		$130.20		$30.20
	Credit Facility
	On June 30, 2014, TimkenSteel entered into a credit facility with JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank, National Association, as Syndication Agent, Bank of America, N.A. and HSBC Bank USA, National Association as Co-Documentation Agents and the other lenders and arrangers party thereto. The credit facility has a term of five years through June 30, 2019 and provides for a committed revolving credit line of up to $300.0 million. The credit facility includes an expansion option allowing TimkenSteel to request additional commitments of up to $150.0 million, in term loans or revolving credit commitments, subject to certain conditions and approvals as set forth in the credit agreement. The credit agreement provides a $50.0 million sublimit for multicurrency loans, a $50.0 million sublimit for letters of credit and a $30.0 million sublimit for swing line loans.
	The credit facility may be used for working capital and asset renewal and acquisition and is secured by a first priority lien on substantially all of the assets of TimkenSteel and its subsidiaries.
	TimkenSteel is required to maintain a certain capitalization ratio and interest coverage ratio as well as minimum liquidity balances as set forth in the credit agreement. As of September 30, 2014, TimkenSteel was in compliance with these ratios and liquidity requirements, as well as the additional covenants contained in the credit agreement. The credit agreement also provides the lenders with the ability to reduce the credit line amount, even if TimkenSteel is in compliance with all conditions of the credit agreement, upon a material adverse change to the business, properties, assets, financial condition or results of operations of TimkenSteel. Subject to certain limited exceptions, the credit agreement contains a number of restrictions that limit TimkenSteel’s ability to incur additional indebtedness, pledge its assets as security, guarantee obligations of third parties, make investments, undergo a merger or consolidation, dispose of assets, or materially change its line of business, among other things. In addition, the credit agreement includes a cross-default provision whereby an event of default under other debt obligations, as defined in the credit agreement, will be considered an event of default under the credit agreement.
	Borrowings under the credit facility bear interest based on the daily balance outstanding at LIBOR (with no rate floor), plus an applicable margin (varying from 1.25% to 2.25%) or, in certain cases, an alternate base rate (based on a certain lending institution’s Prime Rate or as otherwise specified in the credit agreement, with no rate floor), plus an applicable margin (varying from 0.25% to 1.25%). The credit facility also carries a commitment fee equal to the unused borrowings multiplied by an applicable margin (varying from 0.20% to 0.40%). The applicable margins are calculated quarterly and vary based on TimkenSteel’s consolidated capitalization ratio as set forth in the credit agreement. On June 30, 2014, TimkenSteel borrowed $100.0 million under the revolving credit facility to pay a $50.0 million dividend to Timken, with the remaining amount available to fund TimkenSteel’s operations. The interest rate under the revolving credit facility was 1.69% as of September 30, 2014. The amount available under the credit facility as of September 30, 2014 was $199.5 million.
	Revenue Refunding Bonds
	On June 1, 2014, Timken purchased in lieu of redemption the State of Ohio Water Development Revenue Refunding Bonds (Water Bonds), State of Ohio Air Quality Development Revenue Refunding Bonds (Air Quality Bonds) and State of Ohio Pollution Control Revenue Refunding Bonds (Pollution Control Bonds) (collectively, the Bonds). Pursuant to an Assignment and Assumption Agreement dated June 24, 2014 (the Assignment) between Timken and TimkenSteel, Timken assigned all of its right, title and interest in and to the loan agreements and the notes associated with the Bonds, and these obligations were assumed by TimkenSteel. Additionally, replacement letters of credit were issued for the Water Bonds and the Pollution Control Bonds. The Bonds were remarketed on June 24, 2014 (the Remarketing Date) in connection with the conversion of the interest rate mode for the Bonds to the weekly rate and the delivery of the replacement letters of credit, as applicable. TimkenSteel is responsible for payment of the interest and principal associated with the Bonds subsequent to the Remarketing Date. As a result of the purchase and remarketing of the Bonds, TimkenSteel recorded a loss on debt extinguishment of $0.7 million during the second quarter of 2014 related to the write-off of original deferred financing costs, which are reflected as interest expense in the Unaudited Consolidated Statements of Income.
	All of TimkenSteel’s long-term debt is variable-rate debt and, as a result, the carrying value of this debt is a reasonable estimate of fair value as interest rates on these borrowings approximate current market rates, which is considered a Level 2 input.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	Note 7 - Accumulated Other Comprehensive Loss
	Changes in accumulated other comprehensive loss for the three and nine months ended September 30, 2014 by component are as follows:
		Foreign Currency Translation Adjustments			Pension and Postretirement Liability Adjustments			Total
	Balance at June 30, 2014		($3.2	)		($231.0	)		($234.2	)
	Other comprehensive income before reclassifications, before income tax	(0.6		)	0.7			0.1
	Amounts reclassified from accumulated other comprehensive loss, before income tax	—			7.4			7.4
	Income tax benefit	—			(2.6		)	(2.6		)
	Net current period other comprehensive income, net of income tax	(0.6		)	5.5			4.9
	Balance at September 30, 2014		($3.8	)		($225.5	)		($229.3	)
		Foreign Currency Translation Adjustments			Pension and Postretirement Liability Adjustments			Total
	Balance at December 31, 2013		($0.4	)		$—			($0.4	)
	Net transfer from Timken	(3.2		)	(233.9		)	(237.1		)
	Other comprehensive income before reclassifications, before income tax	(0.2		)	0.7			0.5
	Amounts reclassified from accumulated other comprehensive loss, before income tax	—			12			12
	Income tax benefit	—			(4.3		)	(4.3		)
	Net current period other comprehensive income, net of income tax	(0.2		)	8.4			8.2
	Balance at September 30, 2014		($3.8	)		($225.5	)		($229.3	)
	Accumulated other comprehensive loss of $0.5 million, $0.4 million and $0.6 million as of September 30, 2013, June 30, 2013 and December 31, 2012, respectively, consists of accumulated foreign currency translation adjustments. For the three and nine months ended September 30, 2013, there were no reclassifications out of accumulated other comprehensive loss.
	The reclassification of the pension and postretirement liability adjustment was included in costs of products sold and selling, general and administrative expenses in the Unaudited Consolidated Statements of Income. These components are included in the computation of net periodic benefit cost. Refer to Note 9 “Retirement and Postretirement Plans” for further details.

Changes_in_Equity

Changes in Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 8 - Changes in Equity
	Changes in the components of equity for the nine months ended September 30, 2014 were as follows:
		Total			Additional Paid-in Capital		Net Parent Investment			Retained Earnings			Treasury Shares			Accumulated Other Comprehensive Loss
	Balance as of December 31, 2013		$800.80			$—		$801.20			$—			$—			($0.4	)
	Net income	88			—		62.3			25.7			—			—
	Pension and postretirement adjustment, net of tax	8.4			—		—			—			—			8.4
	Foreign currency translation adjustments	(0.2		)	—		—			—			—			(0.2		)
	Stock-based compensation expense	4.3			2.3		2			—			—			—
	Dividends – $0.14 per share	(6.4		)	—		—			(6.4		)	—			—
	Net transfer (to)/from Parent and affiliates	(71.2		)	—		165.9			—			—			(237.1		)
	Reclassification of net parent investment to additional paid-in capital	—			1,031.40		(1,031.4		)	—			—			—
	Settlement of asset and liability transfer with Timken	1.7			1.7		—			—			—			—
	Stock option exercise activity	5.8			5.8		—			—			—			—
	Shares surrendered for taxes	(4.1		)	—		—			—			(4.1		)	—
	Balance as of September 30, 2014		$827.10			$1,041.20		$—			$19.30			($4.1	)		($229.3	)
	The following table is a reconciliation of the amounts presented above as “Net transfer (to)/from Parent and affiliates” and the amounts presented as “Net transfers from/(to) Parent and affiliates” on the Unaudited Consolidated Statements of Cash Flows.
		Nine Months Ended
		September 30, 2014
	Net transfer (to)/from Parent and affiliates - Equity		($71.2	)
	Dividend paid to Parent	50
	Net transfer of assets and liabilities from Parent	25
	Net transfers from/(to) Parent and affiliates - Cash Flow		$3.80

Retirement_and_Postretirement_

Retirement and Postretirement Benefits	9 Months Ended
	Sep. 30, 2014
Retirement and Post Retirement Plans [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	Note 9 - Retirement and Postretirement Plans
	The components of net periodic benefit cost for the three and nine months ended September 30, 2014 and 2013 were as follows:
		Three Months Ended						Three Months Ended
		30-Sep-14						30-Sep-13
	Components of net periodic benefit cost:	Pension			Postretirement			Pension		Postretirement
	Service cost		$3.80			$0.40			$—		$—
	Interest cost	12.7			2.4			—		—
	Expected return on plan assets	(19.3		)	(1.6		)	—		—
	Amortization of prior service cost	0.2			0.2			—		—
	Amortization of net actuarial loss	7			—			—		—
	Allocated benefit cost from Timken	—			—			6		1.6
	Net Periodic Benefit Cost		$4.40			$1.40			$6.00		$1.60
		Nine Months Ended						Nine Months Ended
		30-Sep-14						30-Sep-13
	Components of net periodic benefit cost:	Pension			Postretirement			Pension		Postretirement
	Service cost		$6.40			$0.70			$—		$—
	Interest cost	20.5			4			—		—
	Expected return on plan assets	(31.4		)	(2.7		)	—		—
	Amortization of prior service cost	0.3			0.3			—		—
	Amortization of net actuarial loss	11.4			—			—		—
	Allocated benefit cost from Timken	5.2			2.2			17.9		4.8
	Net Periodic Benefit Cost		$12.40			$4.50			$17.90		$4.80
	Prior to the spinoff, employees of TimkenSteel participated in various retirement and postretirement benefits sponsored by Timken. Because Timken provided these benefits to eligible employees and retirees of TimkenSteel, the costs to participating employees of TimkenSteel in these plans were reflected in the Unaudited Consolidated Financial Statements, while the related assets and liabilities were retained by Timken. Expense allocations for these benefits were determined based on a review of personnel by business unit and based on allocations of corporate and other shared functional personnel. All cost allocations related to the various retirement benefit plans have been deemed paid by TimkenSteel to Timken in the period in which the cost was recorded in the Unaudited Consolidated Statements of Income as a component of cost of products sold and selling, general and administrative expenses. Allocated benefit cost from Timken were funded through intercompany transactions, which were reflected within the net parent investment on the Unaudited Consolidated Balance Sheets.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 10 - Earnings Per Share
	On June 30, 2014, 45.4 million TimkenSteel common shares were distributed to Timken shareholders in conjunction with the spinoff. For comparative purposes, and to provide a more meaningful calculation for weighted average shares, this amount was assumed to be outstanding as of the beginning of each period presented prior to the spinoff in the calculation of basic weighted average shares. In addition, for the dilutive weighted average share calculations, the dilutive securities outstanding at June 30, 2014 were assumed to be also outstanding at each of the periods presented prior to the spinoff. For the three months ended September 30, 2014 and 2013, 0.1 million and 0.2 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. For the nine months ended September 30, 2014 and 2013, 0.1 million and 0.2 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.
	The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Numerator:
	Net income for basic and diluted earnings per share		$25.70		$17.10		$88.00		$63.40
	Denominator:
	Weighted average shares outstanding, basic	45,494,668		45,729,624		45,651,305		45,729,624
	Dilutive effect of stock-based awards	580,342		519,883		540,036		519,883
	Weighted average shares outstanding, diluted	46,075,010		46,249,507		46,191,341		46,249,507
	Basic earnings per share		$0.56		$0.37		$1.93		$1.39
	Diluted earnings per share		$0.56		$0.37		$1.91		$1.37

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 11 - Segment Information
	TimkenSteel operates and reports financial results for two segments: Industrial & Mobile and Energy & Distribution. These segments represent the level at which the chief operating decision maker (CODM) reviews the financial performance of TimkenSteel and makes operating decisions. Segment earnings before interest and taxes (EBIT) is the measure of profit and loss that the CODM uses to evaluate the financial performance of TimkenSteel and is the basis for resource allocation, performance reviews and compensation. For these reasons, TimkenSteel believes that Segment EBIT represents the most relevant measure of segment profit and loss. The CODM may exclude certain charges or gains, such as corporate charges and other special charges, from EBIT to arrive at a Segment EBIT that is a more meaningful measure of profit and loss upon which to base operating decisions. TimkenSteel defines Segment EBIT margin as Segment EBIT as a percentage of net sales.
	TimkenSteel changed the method by which certain costs and expenses are allocated to its reportable segments beginning with the three and nine months ended September 30, 2014. The change reflects a refinement of its internal reporting to align with the way management now makes operating decisions and manages the growth and profitability of its business as an independent company subsequent to the spinoff from Timken. This change corresponds with management’s current approach to allocating costs and resources and assessing the performance of its segments. TimkenSteel reports segment information in accordance with the provisions of FASB Accounting Standards Codification Topic 280, “Segment Reporting.” There has been no change in the total consolidated financial condition or results of operations previously reported as a result of the change in its segment cost structure. All periods present have been adjusted to reflect this change.
	Industrial & Mobile
	The Industrial & Mobile segment is a leading provider of high-quality air-melted alloy steel bars, tubes, precision components and value-added services. For the industrial market sector, TimkenSteel sells to original equipment manufacturers including agriculture, construction, machinery, military, mining, power generation and rail. For the mobile market sector, TimkenSteel sells to automotive customers including light-vehicle, medium-truck and heavy-truck applications. Products in this segment are in applications, including engine, transmission and driveline components, large hydraulic system components, military ordnance, mining and construction drilling applications and other types of equipment.
	Energy & Distribution
	The Energy & Distribution segment is a leading provider of high-quality air-melted alloy steel bars, seamless tubes and value-added services such as thermal treatment and machining. The Energy & Distribution segment offers unique steel chemistries in various product configurations to improve customers’ performance in demanding drilling, completion and production activities. Application of TimkenSteel’s engineered material solutions can be found in both offshore and land-based drilling rig activities. Vertical and horizontal drilling and completion applications include high strength drill string components and specialized completion tools that enable hydraulic fracturing for shale gas and oil. Distribution channel activity also is conducted through this segment. Distribution channel activity constitutes direct sales of steel bars and seamless mechanical tubes to distributors. TimkenSteel authorized service centers enable TimkenSteel to collaborate with various independent service centers to deliver differentiated solutions for end users.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net Sales:
	Industrial & Mobile		$240.80			$218.90			$727.30			$660.80
	Energy & Distribution	193.4			131.6			538.6			390.1
			$434.20			$350.50			$1,265.90			$1,050.90
	Segment EBIT:
	Industrial & Mobile		$20.30			$21.50			$67.70			$67.60
	Energy & Distribution	27.8			12.8			84.2			45.8
	Total Segment EBIT		$48.10			$34.30			$151.90			$113.40
	Unallocated (1)	(8.2		)	(7.5		)	(16.1		)	(15.7		)
	Interest expense	(0.2		)	(0.2		)	(0.9		)	(0.2		)
	Income Before Income Taxes		$39.70			$26.60			$134.90			$97.50
	(1) Unallocated are costs associated with Strategy, Corporate Development, Tax, Treasury, Legal, Internal Audit, LIFO and general administration expenses.
	Energy & Distribution intersegment sales to the Industrial & Mobile segment were $0.4 million in each period for the three months ended September 30, 2014 and 2013, and $1.2 million and $1.3 million for the nine months ended September 30, 2014 and 2013, respectively.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 12 - Income Taxes
	TimkenSteel’s provision for income taxes in interim periods is computed by applying the appropriate estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items, including interest on prior-year tax liabilities, are recorded during the period(s) in which they occur.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Provision for income taxes		$14.00			$9.50			$46.90			$34.10
	Effective tax rate	35.3		%	35.7		%	34.8		%	35		%
	The effective tax rate for the three months ended September 30, 2014 was higher than the U.S. federal statutory rate of 35% due primarily to U.S. state and local taxes and certain discrete tax expenses. This factor was partially offset by the U.S. manufacturing deduction and the effect of other permanent differences.
	The effective tax rate for the three months ended September 30, 2013 was higher than the U.S. federal statutory rate of 35% due primarily to U.S. state and local taxes and certain discrete tax expenses. This factor was partially offset by the U.S. manufacturing deduction, the U.S. research tax credit, and the effect of other permanent differences.
	The effective tax rate for the first nine months of 2014 was lower than the U.S. federal statutory rate of 35% due primarily to the U.S. manufacturing deduction. This factor was partially offset by U.S. state and local taxes and certain discrete tax expenses.
	The effective tax rate for the first nine months of 2013 was equal to the U.S. federal statutory rate of 35% due primarily to the offsetting factors of the U.S. manufacturing deduction and the U.S. research tax credit with the U.S. state and local taxes and certain discrete tax expenses.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2014
Loss Contingency Accrual, Disclosures [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 13 - Contingencies
	Environmental Matters
	From time to time, TimkenSteel may be a party to lawsuits, claims or other proceedings related to environmental matters and/or receive notices of potential violations of environmental laws and regulations from the U.S. Environmental Protection Agency and similar state or local authorities. As of September 30, 2014, TimkenSteel recorded reserves for such environmental matters of $1.5 million classified as other current liabilities on the Unaudited Consolidated Balance Sheets. There were no amounts accrued as of December 31, 2013. Accruals related to such environmental matters represent management's best estimate of the fees and costs associated with these matters. Although it is not possible to predict with certainty the outcome of such matters, management believes that their ultimate dispositions should not have a material adverse effect on TimkenSteel's financial position, cash flows, or results of operations.

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	The components of inventories, net as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,			December 31,
		2014			2013
	Inventories, net:
	Manufacturing supplies		$36.00			$32.80
	Raw materials	58.2			42.9
	Work in process	103.2			81.6
	Finished products	78.1			71.6
	Subtotal	275.5			228.9
	Allowance for surplus and obsolete inventory	(2.4		)	(1.9		)
	Total Inventories, net		$273.10			$227.00

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	The components of property, plant and equipment, net as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,			December 31,
		2014			2013
	Property, Plant and Equipment, net:
	Land and buildings		$288.80			$250.30
	Machinery and equipment	1,200.50			1,159.70
	Construction-in-progress	276.1			220
	Subtotal	1,765.40			1,630.00
	Less allowances for depreciation	(1,007.9		)	(947.4		)
	Property, Plant and Equipment, net		$757.50			$682.60

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]	'
Schedule of Finite and Indefinite Lived Intangible Assets by Major Class [Table Text Block]	'
	The components of intangible assets as of September 30, 2014 and December 31, 2013 were as follows:
		September 30, 2014						December 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	Intangible Assets Subject to Amortization:
	Customer relationships		$6.80		$2.30		$4.50		$6.80		$2.00		$4.80
	Technology use	9		3.9		5.1		9		3.5		5.5
	Non-compete agreements	1		1		—		1		1		—
		16.8		7.2		9.6		16.8		6.5		10.3
	Intangible Assets not Subject to Amortization:
	Tradename	0.9		—		0.9		0.9		—		0.9
		0.9		—		0.9		0.9		—		0.9
	Total Intangible Assets		$17.70		$7.20		$10.50		$17.70		$6.50		$11.20

Financing_Arrangements_Tables

Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Long-term debt	'
	The components of long-term debt as of September 30, 2014 and December 31, 2013 were as follows:
		September 30,		December 31,
		2014		2013
	Variable-rate State of Ohio Water Development Revenue Refunding Bonds, maturing on November 1, 2025 (0.04% as of September 30, 2014)		$12.20		$12.20
	Variable-rate State of Ohio Air Quality Development Revenue Refunding Bonds, maturing on November 1, 2025 (0.04% as of September 30, 2014)	9.5		9.5
	Variable-rate State of Ohio Pollution Control Revenue Refunding Bonds, maturing on June 1, 2033 (0.04% as of September 30, 2014)	8.5		8.5
	Revolving credit facility, due 2019 (LIBOR plus applicable spread)	100		—
	Total Long-Term Debt		$130.20		$30.20

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Changes in accumulated other comprehensive loss for the three and nine months ended September 30, 2014 by component are as follows:
		Foreign Currency Translation Adjustments			Pension and Postretirement Liability Adjustments			Total
	Balance at June 30, 2014		($3.2	)		($231.0	)		($234.2	)
	Other comprehensive income before reclassifications, before income tax	(0.6		)	0.7			0.1
	Amounts reclassified from accumulated other comprehensive loss, before income tax	—			7.4			7.4
	Income tax benefit	—			(2.6		)	(2.6		)
	Net current period other comprehensive income, net of income tax	(0.6		)	5.5			4.9
	Balance at September 30, 2014		($3.8	)		($225.5	)		($229.3	)
		Foreign Currency Translation Adjustments			Pension and Postretirement Liability Adjustments			Total
	Balance at December 31, 2013		($0.4	)		$—			($0.4	)
	Net transfer from Timken	(3.2		)	(233.9		)	(237.1		)
	Other comprehensive income before reclassifications, before income tax	(0.2		)	0.7			0.5
	Amounts reclassified from accumulated other comprehensive loss, before income tax	—			12			12
	Income tax benefit	—			(4.3		)	(4.3		)
	Net current period other comprehensive income, net of income tax	(0.2		)	8.4			8.2
	Balance at September 30, 2014		($3.8	)		($225.5	)		($229.3	)

Changes_in_Equity_Tables

Changes in Equity (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Schedule of Stockholders Equity [Table Text Block]	'
	Changes in the components of equity for the nine months ended September 30, 2014 were as follows:
		Total			Additional Paid-in Capital		Net Parent Investment			Retained Earnings			Treasury Shares			Accumulated Other Comprehensive Loss
	Balance as of December 31, 2013		$800.80			$—		$801.20			$—			$—			($0.4	)
	Net income	88			—		62.3			25.7			—			—
	Pension and postretirement adjustment, net of tax	8.4			—		—			—			—			8.4
	Foreign currency translation adjustments	(0.2		)	—		—			—			—			(0.2		)
	Stock-based compensation expense	4.3			2.3		2			—			—			—
	Dividends – $0.14 per share	(6.4		)	—		—			(6.4		)	—			—
	Net transfer (to)/from Parent and affiliates	(71.2		)	—		165.9			—			—			(237.1		)
	Reclassification of net parent investment to additional paid-in capital	—			1,031.40		(1,031.4		)	—			—			—
	Settlement of asset and liability transfer with Timken	1.7			1.7		—			—			—			—
	Stock option exercise activity	5.8			5.8		—			—			—			—
	Shares surrendered for taxes	(4.1		)	—		—			—			(4.1		)	—
	Balance as of September 30, 2014		$827.10			$1,041.20		$—			$19.30			($4.1	)		($229.3	)
	The following table is a reconciliation of the amounts presented above as “Net transfer (to)/from Parent and affiliates” and the amounts presented as “Net transfers from/(to) Parent and affiliates” on the Unaudited Consolidated Statements of Cash Flows.
		Nine Months Ended
		September 30, 2014
	Net transfer (to)/from Parent and affiliates - Equity		($71.2	)
	Dividend paid to Parent	50
	Net transfer of assets and liabilities from Parent	25
	Net transfers from/(to) Parent and affiliates - Cash Flow		$3.80

Retirement_and_Postretirement_1

Retirement and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]	'
Schedule of Net Benefit Costs [Table Text Block]	'
	The components of net periodic benefit cost for the three and nine months ended September 30, 2014 and 2013 were as follows:
		Three Months Ended						Three Months Ended
		30-Sep-14						30-Sep-13
	Components of net periodic benefit cost:	Pension			Postretirement			Pension		Postretirement
	Service cost		$3.80			$0.40			$—		$—
	Interest cost	12.7			2.4			—		—
	Expected return on plan assets	(19.3		)	(1.6		)	—		—
	Amortization of prior service cost	0.2			0.2			—		—
	Amortization of net actuarial loss	7			—			—		—
	Allocated benefit cost from Timken	—			—			6		1.6
	Net Periodic Benefit Cost		$4.40			$1.40			$6.00		$1.60
		Nine Months Ended						Nine Months Ended
		30-Sep-14						30-Sep-13
	Components of net periodic benefit cost:	Pension			Postretirement			Pension		Postretirement
	Service cost		$6.40			$0.70			$—		$—
	Interest cost	20.5			4			—		—
	Expected return on plan assets	(31.4		)	(2.7		)	—		—
	Amortization of prior service cost	0.3			0.3			—		—
	Amortization of net actuarial loss	11.4			—			—		—
	Allocated benefit cost from Timken	5.2			2.2			17.9		4.8
	Net Periodic Benefit Cost		$12.40			$4.50			$17.90		$4.80

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Numerator:
	Net income for basic and diluted earnings per share		$25.70		$17.10		$88.00		$63.40
	Denominator:
	Weighted average shares outstanding, basic	45,494,668		45,729,624		45,651,305		45,729,624
	Dilutive effect of stock-based awards	580,342		519,883		540,036		519,883
	Weighted average shares outstanding, diluted	46,075,010		46,249,507		46,191,341		46,249,507
	Basic earnings per share		$0.56		$0.37		$1.93		$1.39
	Diluted earnings per share		$0.56		$0.37		$1.91		$1.37

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting Information [Line Items]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net Sales:
	Industrial & Mobile		$240.80			$218.90			$727.30			$660.80
	Energy & Distribution	193.4			131.6			538.6			390.1
			$434.20			$350.50			$1,265.90			$1,050.90
	Segment EBIT:
	Industrial & Mobile		$20.30			$21.50			$67.70			$67.60
	Energy & Distribution	27.8			12.8			84.2			45.8
	Total Segment EBIT		$48.10			$34.30			$151.90			$113.40
	Unallocated (1)	(8.2		)	(7.5		)	(16.1		)	(15.7		)
	Interest expense	(0.2		)	(0.2		)	(0.9		)	(0.2		)
	Income Before Income Taxes		$39.70			$26.60			$134.90			$97.50
	-1

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Provision for income taxes		$14.00			$9.50			$46.90			$34.10
	Effective tax rate	35.3		%	35.7		%	34.8		%	35		%

Inventories_Details_1

Inventories (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventory [Line Items]	'	'
Manufacturing supplies	$36	$32.80
Raw materials	58.2	42.9
Work in process	103.2	81.6
Finished products	78.1	71.6
Subtotal	275.5	228.9
Allowance for surplus and obsolete inventory	-2.4	-1.9
Total Inventories, net	$273.10	$227

Inventories_Details_2

Inventories (Details 2) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventory [Line Items]	'	'
Percentage of LIFO Inventory	65.00%	'
Percentage of FIFO Inventory	35.00%	'
Inventory, LIFO Reserve	$82.80	$75.50
Increase Costs Impacting LIFO Expense Estimate	1.00%	'
Increase in Current LIFO Expense Estimate Due to One Percent Increase in Costs	2	'
Increase in Current LIFO Expense Estimate due to One Percent Increase in Inventory	0	'
Minimum [Member]	'	'
Inventory [Line Items]	'	'
Approximate Amount Expected to be Recognized in LIFO Expense by End of Year	1	'
Maximum [Member]	'	'
Inventory [Line Items]	'	'
Approximate Amount Expected to be Recognized in LIFO Expense by End of Year	$3	'

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Land and buildings	$288.80	$250.30
Machinery and equipment	1,200.50	1,159.70
Construction-in-progress	276.1	220
Subtotal	1,765.40	1,630
Less allowances for depreciation	-1,007.90	-947.4
Property, Plant and Equipment, net	$757.50	$682.60

Property_Plant_and_Equipment_D1

Property, Plant and Equipment (Details 2) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'
Depreciation	'	$42.20	$35.90	'
Capitalized Computer Software, Net	18.2	18.2	'	17.8
Interest Costs Capitalized	0.6	5.7	7.3	'
Computer Software [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Depreciation	'	$2.30	$1.30	'

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Gross	$16.80	'	$16.80
Finite-Lived Intangible Assets, Accumulated Amortization	7.2	'	6.5
Finite-Lived Intangible Assets, Net	9.6	'	10.3
Indefinite-Lived Intangible Assets (Excluding Goodwill)	0.9	'	0.9
Intangible Assets, Gross	17.7	'	17.7
Intangible Assets, Net	10.5	'	11.2
Amortization of Intangible Assets	0.7	0.8	'
Customer Relationships [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Gross	6.8	'	6.8
Finite-Lived Intangible Assets, Accumulated Amortization	2.3	'	2
Finite-Lived Intangible Assets, Net	4.5	'	4.8
Technology Use [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Gross	9	'	9
Finite-Lived Intangible Assets, Accumulated Amortization	3.9	'	3.5
Finite-Lived Intangible Assets, Net	5.1	'	5.5
Noncompete Agreements [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Gross	1	'	1
Finite-Lived Intangible Assets, Accumulated Amortization	1	'	1
Finite-Lived Intangible Assets, Net	0	'	0
Trade Names [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Indefinite-Lived Trade Names	$0.90	'	$0.90
Minimum [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Intangible Asset Useful Life Minimum	'5 years	'	'
Maximum [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Intangible Asset Useful Life Minimum	'20 years	'	'

Financing_Arrangements_Details

Financing Arrangements (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt Instrument [Line Items]	'	'
Long-term debt	$130.20	$30.20
Revolving Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	1.69%	'
Long-term debt	100	0
State of Ohio Water Development Revenue Refunding Bonds [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	0.40%	'
Long-term debt	12.2	12.2
State of Ohio Air Quality Development Revenue Refunding Bonds [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	0.40%	'
Long-term debt	9.5	9.5
State of Ohio Pollution Control Revenue Refunding Bonds [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	0.40%	'
Long-term debt	$8.50	$8.50

Financing_Arrangements_Details1

Financing Arrangements (Details 2) (USD $)	0 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Remaining Borrowing Capacity	'	$199.50	'
Gains (Losses) on Extinguishment of Debt	'	0.7	'
Line of Credit Facility, Increase (Decrease), Other, Net	100	'	'
Cash Dividends Paid to Parent Company	50	-50	0
Line of Credit Facility, Expiration Date	30-Jun-19	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	300	'
Line of Credit Facility, Expansion Option to Request Additional Commitments	'	150	'
Minimum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Commitment Fee Percentage	0.20%	'	'
Maximum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Commitment Fee Percentage	0.40%	'	'
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Debt Instrument, Basis Spread on Variable Rate	1.25%	'	'
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Debt Instrument, Basis Spread on Variable Rate	2.25%	'	'
Prime Rate [Member] | Minimum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Debt Instrument, Basis Spread on Variable Rate	0.25%	'	'
Prime Rate [Member] | Maximum [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Debt Instrument, Basis Spread on Variable Rate	1.25%	'	'
Multicurrency Loans [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	'	50	'
Letter of Credit [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	'	50	'
Swingline Loan [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	'	$30	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended				3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2014
					Accumulated Translation Adjustment [Member]	Accumulated Translation Adjustment [Member]	Accumulated Translation Adjustment [Member]	Accumulated Translation Adjustment [Member]	Accumulated Translation Adjustment [Member]	Accumulated Defined Benefit Plans Adjustment [Member]	Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	($234.20)	'	($0.40)	'	($3.20)	($0.40)	$0.50	$0.40	$0.60	($231)	$0
Net transfer from Timken	'	'	-237.1	'	'	-3.2	'	'	'	'	-233.9
Other comprehensive income before reclassifications, before income tax	0.1	'	0.5	'	-0.6	-0.2	'	'	'	0.7	0.7
Amounts reclassified from accumulated other comprehensive income, before income tax	7.4	'	12	'	0	0	'	'	'	7.4	12
Income tax benefit	-2.6	'	-4.3	'	0	0	'	'	'	-2.6	-4.3
Net current period other comprehensive income, net of income tax	4.9	-0.1	8.2	0.1	-0.6	-0.2	'	'	'	5.5	8.4
Accumulated Other Comprehensive Income (Loss), Net of Tax	($229.30)	'	($229.30)	'	($3.80)	($3.80)	$0.50	$0.40	$0.60	($225.50)	($225.50)

Changes_in_Equity_Details_1

Changes in Equity (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	$800.80	'	$827.10
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	800.8	'	827.1
Net Income	25.7	17.1	88	63.4	'
Pension and postretirement liability adjustment	5.5	0	8.4	0	'
Foreign currency translation adjustments	'	'	-0.2	'	'
Stock-based compensation expense	'	'	4.3	'	'
Dividends b $0.14 per share	'	'	-6.4	'	'
Net transfer (to)/from Parent and affiliates	'	'	-71.2	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	0	'	'
Settlement of Assets and Liabilities from Parent	'	'	1.7	'	'
Stock option exercise activity	'	'	5.8	0	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	-4.1	'	'
Net Parent Investment [Member]	'	'	'	'	'
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	801.2	'	0
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	801.2	'	0
Net Income	'	'	62.3	'	'
Pension and postretirement liability adjustment	'	'	0	'	'
Foreign currency translation adjustments	'	'	0	'	'
Stock-based compensation expense	'	'	2	'	'
Dividends b $0.14 per share	'	'	0	'	'
Net transfer (to)/from Parent and affiliates	'	'	165.9	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	-1,031.40	'	'
Settlement of Assets and Liabilities from Parent	'	'	0	'	'
Stock option exercise activity	'	'	0	'	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	0	'	'
Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'	'
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	-0.4	'	-229.3
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	-0.4	'	-229.3
Net Income	'	'	0	'	'
Pension and postretirement liability adjustment	'	'	8.4	'	'
Foreign currency translation adjustments	'	'	-0.2	'	'
Stock-based compensation expense	'	'	0	'	'
Dividends b $0.14 per share	'	'	0	'	'
Net transfer (to)/from Parent and affiliates	'	'	-237.1	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	0	'	'
Settlement of Assets and Liabilities from Parent	'	'	0	'	'
Stock option exercise activity	'	'	0	'	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	0	'	'
Additional Paid-in Capital [Member]	'	'	'	'	'
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	1,041.20
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	1,041.20
Net Income	'	'	0	'	'
Pension and postretirement liability adjustment	'	'	0	'	'
Foreign currency translation adjustments	'	'	0	'	'
Stock-based compensation expense	'	'	2.3	'	'
Dividends b $0.14 per share	'	'	0	'	'
Net transfer (to)/from Parent and affiliates	'	'	0	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	1,031.40	'	'
Settlement of Assets and Liabilities from Parent	'	'	1.7	'	'
Stock option exercise activity	'	'	5.8	'	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	0	'	'
Retained Earnings [Member]	'	'	'	'	'
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	19.3
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	19.3
Net Income	'	'	25.7	'	'
Pension and postretirement liability adjustment	'	'	0	'	'
Foreign currency translation adjustments	'	'	0	'	'
Stock-based compensation expense	'	'	0	'	'
Dividends b $0.14 per share	'	'	-6.4	'	'
Net transfer (to)/from Parent and affiliates	'	'	0	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	0	'	'
Settlement of Assets and Liabilities from Parent	'	'	0	'	'
Stock option exercise activity	'	'	0	'	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	0	'	'
Treasury Stock [Member]	'	'	'	'	'
Changes in Equity [Abstract]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	-4.1
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'	'
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	'	'	0	'	-4.1
Net Income	'	'	0	'	'
Pension and postretirement liability adjustment	'	'	0	'	'
Foreign currency translation adjustments	'	'	0	'	'
Stock-based compensation expense	'	'	0	'	'
Dividends b $0.14 per share	'	'	0	'	'
Net transfer (to)/from Parent and affiliates	'	'	0	'	'
Reclassification of net parent investment to additional paid-in capital	'	'	0	'	'
Settlement of Assets and Liabilities from Parent	'	'	0	'	'
Stock option exercise activity	'	'	0	'	'
Adjustments Related to Tax Withholding for Share-based Compensation	'	'	($4.10)	'	'

Changes_in_Equity_Details_2

Changes in Equity (Details 2) (USD $)	0 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Reconciliation of Net Transfer to/from Parent [Line Items]	'	'	'
Net transfer (to)/from Parent and affiliates	'	($71.20)	'
Cash Dividends Paid to Parent Company	-50	50	0
Business Combination, Consideration Transferred, Other	'	25	'
Net transfers (to)/from Parent and affiliates	'	($3.80)	$24.50

Retirement_and_Postretirement_2

Retirement and Postretirement Benefits (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Postretirement Benefit Plan [Member]	'	'	'	'
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]	'	'	'	'
Service cost	$0.40	$0	$0.70	$0
Interest cost	2.4	0	4	0
Expected return on plan assets	1.6	0	2.7	0
Amortization of prior service cost	0.2	0	0.3	0
Amortization of net actuarial loss	0	0	0	0
Allocated benefit cost from Timken	0	1.6	2.2	4.8
Net Periodic Benefit Cost	1.4	1.6	4.5	4.8
Pension Plan [Member]	'	'	'	'
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]	'	'	'	'
Service cost	3.8	0	6.4	0
Interest cost	12.7	0	20.5	0
Expected return on plan assets	19.3	0	31.4	0
Amortization of prior service cost	0.2	0	0.3	0
Amortization of net actuarial loss	-7	0	-11.4	0
Allocated benefit cost from Timken	0	6	5.2	17.9
Net Periodic Benefit Cost	$4.40	$6	$12.40	$17.90

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'	'
Net income for basic and diluted earnings per share	'	$25.70	$17.10	$88	$63.40
Weighted average shares outstanding, basic	'	45,494,668	45,729,624	45,651,305	45,729,624
Dilutive effect of stock-based awards	'	580,342	519,883	540,036	519,883
Weighted average shares outstanding, diluted	'	46,075,010	46,249,507	46,191,341	46,249,507
Basic earnings per share	'	$0.56	$0.37	$1.93	$1.39
Diluted earnings per share	'	$0.56	$0.37	$1.91	$1.37
Anti-dilutive Shares	'	100,000	200,000	100,000	200,000
Stock Issued During Period, Shares, New Issues	45,400,000	'	'	'	'

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended				9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	$434.20		$350.50		$1,265.90		$1,050.90
Segment EBIT	48.1		34.3		151.9		113.4
Unallocated	-8.2	[1]	-7.5	[1]	-16.1	[1]	-15.7	[1]
Interest Expense	-0.2		-0.2		-0.9		-0.2
Income Before Income Taxes	39.7		26.6		134.9		97.5
Segment Reporting Information, Intersegment Sales	0.4		0.4		1.2		1.3
Industrial & Mobile [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	240.8		218.9		727.3		660.8
Segment EBIT	20.3		21.5		67.7		67.6
Energy & Distribution [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	193.4		131.6		538.6		390.1
Segment EBIT	$27.80		$12.80		$84.20		$45.80
[1]	Unallocated are costs associated with Strategy, Corporate Development, Tax, Treasury, Legal, Internal Audit, LIFO and general administration expenses.

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Provision for Income Taxes [Abstract]	'	'	'	'
Provision for income taxes	$14	$9.50	$46.90	$34.10
Effective tax rate	35.30%	35.70%	34.80%	35.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%	35.00%

Contingencies_Details

Contingencies (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Loss Contingencies [Line Items]	'	'
Accrual for Environmental Loss Contingencies	$1.50	$0