Press release from Business Wire
ATI Allegheny Ludlum Announces Stainless Price Increases
Thursday, April 29, 2010
ATI Allegheny Ludlum Announces Stainless Price Increases16:15 EDT Thursday, April 29, 2010 PITTSBURGH (Business Wire) -- Allegheny Technologies Incorporated (NYSE: ATI) announced that ATI Allegheny Ludlum is increasing base-selling prices of cold-rolled and hot-rolled stainless sheet and strip products, including tubular-quality sheet and strip, continuous-mill plate products and emission-control products, by approximately 6%. These price increases are effective with shipments beginning May 31, 2010. These increases are being implemented to support continued growth and investment in our business. All surcharges remain in effect as described on the Allegheny Ludlum website www.alleghenyludlum.com. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control, that may cause our actual results, performance or achievements to materially differ from those expressed or implied in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Allegheny Technologies' filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements. Building the World's Best Specialty Metals Company® Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of $3.1 billion during 2009. ATI has approximately 8,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, and forgings and castings. The Allegheny Technologies website is www.ATImetals.com.