How 'bout stainless steel?
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January 14, 2004 04:36 PM US Eastern Timezone
ATI Allegheny Ludlum Announces Price Increase for Stainless Steel Products
PITTSBURGH--(BUSINESS WIRE)--Jan. 14, 2004--Allegheny Technologies Incorporated (NYSE:ATI) announced that ATI Allegheny Ludlum plans to increase prices on many of its stainless steel products by approximately 6%, effective with shipments on January 26, 2004. In addition, ATI Allegheny Ludlum is revising its bill of material policy, requiring a minimum quantity of 250 tons per month among other changes. This price increase covers stainless steel sheet, strip, Precision Rolled Strip(R) and plate products.
The existing raw materials surcharge formulas remain in effect.
These increases are necessary to offset the rapid inflation of raw materials, energy, transportation and other costs. For more information, see www.alleghenyludlum.com.
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.
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials producers in the world, with revenues of approximately $1.9 billion in 2002. The Company has nearly 8,800 employees worldwide and its talented people use innovative technologies to offer growing global markets a wide range of specialty materials. High-value products include nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steels, super stainless steel, exotic alloys, which include zirconium, hafnium and niobium, tungsten materials, and highly engineered strip and Precision Rolled Strip(R) products. In addition, we provide commodity specialty materials such as stainless steel sheet and plate, silicon and tool steels, and forgings and castings. The Allegheny Technologies website can be found at www.alleghenytechnologies.com.
Regards,
ldo79 |
