In an SEC filing dated Jan. 7, 2015, Ellwood Group Inc. announced that it owns just over 5% of TimkenSteel stock. Ellwood City, Pa.-based Ellwood Group is a customer of and supplier to TimkenSteel. This announcement means that Ellwood Group is one of TimkenSteel’s largest investors. The company stated in its SEC filing that it “purchased the Shares based on its belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.”