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A 175 ton ladle (left) filled with scrap metal awaits its turn go be heated by electrodes lowered into the ladle, during a tour of the Timken Faircrest Steel Plant. Canton-based Timken late Monday announced it had hired investment firm Goldman Sachs and set up a special committee to look into spinning off its steel division into a publicly traded company. (Paul Tople/Akron Beacon Journal)