 
|
|
| News |
ATI Allegheny Ludlum Announces Stainless Steel Price Increase
Contact:
Dan L. Greenfield
(412) 394-3004PITTSBURGH, Pennsylvania -- January 24, 2006 --Allegheny Technologies Incorporated (NYSE:ATI) announced that ATI Allegheny Ludlum is increasing transaction prices for all cold-rolled stainless steel sheet, strip, and Precision Rolled Strip® products.
Effective with shipments beginning February 20, 2006, transaction prices for these products are being increased by approximately 3%, based on February 2006 surcharge levels. This will be achieved by reducing the functional discount by two points, which will result in a base price (before surcharge) increase of approximately 6%.
All surcharges will remain in effect.
This increase is necessary to offset rising manufacturing costs and to support capital investments and growth.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainties and changes in circumstances. Actual results may differ materially 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.
ATI Allegheny Ludlum is a world leader in the production and marketing of sheet, plate, and strip specialty materials including stainless steel, nickel-based alloys, titanium, and titanium-based alloys. The company also produces grain-oriented silicon electrical steel products and tool steel plate. ATI Allegheny Ludlum's website can be found at www.alleghenyludlum.com.
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $3.4 billion over the last four reported quarters. ATI has approximately 9,000 full-time employees world-wide who use innovative technologies to offer growing global markets a wide range of specialty materials solutions. Our major markets are aerospace, construction and mining, chemical processing/oil & gas, food equipment and appliance, automotive, electrical energy, machine and cutting tools, and medical. Our products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, silicon and tool steels, and forgings and castings. The Allegheny Technologies website is www.alleghenytechnologies.com.
###