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Latest News:
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ATI Operations, USW Reach Tentative Agreement
Aug. 2, 2011 - United Steelworkers, ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations have reached tentative four-year agreements covering approximately 3,000 employees.
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USW Members Reject New Contract at ATI
Jul. 27, 2011 - United Steelworkers members have rejected a four-year contract with Allegheny Technologies that would have covered represented employees at ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.
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Allegheny Technologies Announces Chairman, Executive Appointments
May 2, 2011 - Allegheny Technologies Inc. announced that Richard J. Harshman, 54, has officially taken over as Chairman, President and Chief Executive Officer of ATI succeeding L. Patrick Hassey who has retired. The company also announced a number of executive title changes.
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ATI Announces Pricing of Senior Notes Offering
Jan. 5, 2011 - Allegheny Technologies Inc. has priced its public offering of senior notes due 2021. Net proceeds will help to finance the cash portion of the merger consideration for the company’s acquisition of Ladish.
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Allegheny Technologies to Acquire Ladish
Nov. 18, 2010 - Allegheny Technologies Inc. (ATI) and Ladish Co., Inc. have entered into a definitive merger agreement whereby ATI will acquire Ladish for an aggregate fully distributed equity value of approximately $778 million. The transaction is expected to be completed in early 2011.
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Allegheny Technologies Announces Executive Appointments
Jul. 30, 2010 - L. Patrick Hassey, Chairman and CEO of Allegheny Technologies Inc., has announced that effective August 1, 2010, Richard J. Harshman will become President and Chief Operating Officer. He will report to Hassey. Dale G. Reid has been named Senior Vice President, Finance and Principal Financial Officer of ATI, also reporting to Hassey.
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Allegheny Technologies Announces Q2 2010 Results
Jul. 29, 2010 - Allegheny Technologies Inc. reported net income for the second quarter 2010 of $36.4 million, or $0.36 per share, on sales of $1.05 billion. This compares favorably to last year’s Q2 net loss, including special charges, of $13.4 million, or $0.14 per share, on sales of $710.0 million.
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Siemens Receives Order from ATI for Integrated Hot-Rolling Mill
Jul. 28, 2010 - Allegheny Technologies Inc. awarded a contract to Siemens VAI Metals Technologies GmbH to design, engineer, and supply a complete integrated hot-rolling mill on a process turn-key basis. The new mill will be part of a new advanced specialty metals hot-rolling and processing facility, and will be built at ATI Allegheny Ludlum in Brackenridge, Pa.
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ATI Selects Siemens VAI for New Advanced Integrated Hot-Rolling Mill
Jun. 22, 2010 - Allegheny Technologies Inc. has selected Siemens VAI Metals Technologies to design, engineer, and supply the hot-rolling mill for ATI Allegheny Ludlum’s Brackenridge, Pa., new advanced specialty metals hot-rolling and processing facility, which is expected to be completed in about four years.
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Agreement Reached with Allegheny Ludlum on Clean Air Violations
May 18, 2010 - The U.S. EPA, Allegheny County Health Department, and U.S. Department of Justice have reached a settlement agreement with Allegheny Ludlum Corp. for alleged Clean Air Act violations at its Natrona silicon steel production plant in Allegheny County, Pa.
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ATI Allegheny Ludlum to Increase Stainless Prices
Apr. 30, 2010 - ATI Allegheny Ludlum is increasing base sales prices for cold-rolled and hot-rolled stainless sheet and strip products by approximately 6% effective with shipments beginning May 31, 2010.
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Harsco Receives Two Mill Services Contracts in the U.S.
Jan. 18, 2010 - Harsco Corp. is the recipient of two multiyear specialty metal processing services contracts, including one at a new operating location for Harsco, worth as much as $70 million over their duration. Both contracts are with specialty metals producer ATI Allegheny Ludlum.
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Allegheny Technologies Announces 3ird Quarter Results
Oct. 22, 2009 - Allegheny Technologies reports net income of $1.4 million on sales of $697.6 million for the third quarter, and a net loss of $6.1 million on sales of $2.24 billion for the nine months ended September 30, 2009.
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Allegheny Technologies Reports 2nd Quarter Results
Jul. 23, 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.
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Carpenter, ATI Veterans Elected as SSINA Chairman, Vice Chairman
Mar. 26, 2009 - The Specialty Steel Industry of North America announces the election of Sunil Y. Widge, Chief Technology Officer Emeritus, Carpenter Technology as SSINA’s new Chairman, and Carl R. Moulton, Vice President—International, Allegheny Technologies, as Vice Chairman.
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Allegheny Technologies Reports Full Year 2008 Results
Jan. 22, 2009 - Allegheny Technologies Inc. reported net income of $110.9 million on sales of $1.11 billion for the fourth quarter, and net income of $565.9 million on sales of $5.31 billion for the full year 2008.
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Allegheny Technologies Announces Management Changes
Jan. 19, 2009 - Allegheny Technologies announces the appointment of Carl R. Moulton to the position of Vice President, International, as well as the departure from the company of Douglas A. Kittenbrink, Executive Vice President, Corporate Planning and International Business Development, effective March 1, 2009.
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Allegheny Technologies Reports Third Quarter Results
Oct. 23, 2008 - Allegheny Technologies Inc. reported net income of $144.1 million on sales of $1.39 billion for the third quarter, and net income of $455.0 million on sales of $4.20 billion for the nine months ended September 30, 2008.
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Allegheny Technologies Announces Operating Management Changes
Oct. 3, 2008 - Allegheny Technologies announces several executive-level changes to its organization, changes the company says are designed to simplify and streamline the reporting relationships and leadership of ATI’s key manufacturing operations.
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Allegheny Technologies Announces Strategic Investment Program
Sep. 18, 2008 - Allegheny Technologies announces a new $1.16-billion, four-year strategic investment in its Flat-Rolled Products segment that has been approved by the company’s Board of Directors, but is subject to satisfactory resolution of several open issues.
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Allegheny Technologies Reports 2nd Quarter Results
Jul. 24, 2008 - Allegheny Technologies reports net income of $168.9 million on sales of $1.46 billion for the second quarter, and net income of $310.9 million on sales of $2.80 billion for the first six months of 2008.
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Allegheny Technologies Reports 4th Quarter Results
Jan. 24, 2008 - Allegheny Technologies reports net income of $148.9 million on sales of $1.27 billion for the fourth quarter, and net income of $747.1 million on sales of $5.45 billion for the full year 2007.
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Allegheny Technologies Reports 3rd Quarter Earnings
Oct. 25, 2007 - Allegheny Technologies reports net income of $193.9 million on sales of $1.33 billion for the third quarter, and net income of $598.2 million on sales of $4.18 billion for the first nine months of 2007.
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Allegheny Technologies Updates Earnings Outlook
Oct. 12, 2007 - Allegheny Technologies expects to report full-year 2007 earnings per share in the range of $7.00 to $7.25 per diluted share, reflecting lower-than-expected second-half 2007 earnings.
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Update on Allegheny Technologies Chief Executive
Sep. 17, 2007 - Allegheny Technologies Chairman, President and CEO L. Patrick Hassey is expected to resume his normal duties shortly following successful cardiac artery bypass surgery on Friday, Sep. 14.
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Allegheny Technologies Reports 2nd Quarter Earnings
Jul. 26, 2007 - Allegheny Technologies Inc. reported net income of $206.5 million on sales of $1.47 billion for the second quarter, and net income of $404.3 million on sales of $2.84 billion for the six months ended June 30, 2007.
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SSINA Study Details Chinese Government Support of Stainless Industry
Apr. 11, 2007 - A new study just issued by the Specialty Steel Industry of North America (SSINA) reveals that the government of China has a policy of conferring preferred status on the stainless steel industry, and providing it with a wide range of preferential treatment programs and direct subsidies.
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USW and ATI Reach Tentative Contract Settlement
Feb. 9, 2007 - Feb. 9, 2007 — The United Steelworkers (USW) and the Allegheny Ludlum unit of Allegheny Technologies announced a tentative agreement on a new four-year contract. A tentative agreement was als
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YTD Specialty Steel Imports Continue to Exceed YTD 2004 Totals
Oct. 11, 2005 - Total stainless steel imports grew to 399,708 tons through July 2005, a 13% increase* compared to the first seven months of 2004, according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). As imports continued to climb, U.S. stainless steel consumption dropped slightly to 1,361,595 tons, a 4% decreased compared to the comparable 2004 period.
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Allegheny Technologies to Expand Nickel-based and Specialty Alloy Capabilities
Sep. 9, 2005 - Allegheny Technologies Inc. announced an expansion of its premium-melt nickel-based alloy, superalloy, and specialty alloy production capabilities. The investments are aimed at increasing ATI's capacity to produce high performance alloys for aero-engine rotating parts; airframe applications; oil and gas exploration, extraction, and refining; and power generation land-based turbines and flue gas desulfurization pollution control units. The incremental capital investments of approximately $30 million over the next 15 months will be funded from internal cash flow.
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Stainless Steel Imports Continue to Outpace 2004 Totals
Aug. 31, 2005 - Total stainless steel imports climbed to 344,014 tons through the first six months of 2005 — a 15% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained steady at 1,168,282 tons, 3% below domestic consumption for the first six months of 2004.
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Allegheny Ludlum to Raise Electrical Steel Surcharge
Aug. 17, 2005 - ATI Allegheny Ludlum announced that it will add a surcharge of $160 per ton ($8.00/cwt) to invoices for silicon electrical steel. The increase takes effect with shipments beginning Thursday, Sep. 1.
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YTD Specialty Steel Imports Continue to Climb
Aug. 2, 2005 - Total stainless steel imports rose to 286,403 tons through the first five months of 2005 — a 19% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA).
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Stainless Steel Imports Jump 26% Ahead of Year-to-Date 2004 Totals
Jul. 11, 2005 - Total stainless steel imports climbed to 234,130 tons through the first four months of 2005 — a 26% increase compared to the same period in 2004 — according to the latest data released by the Specialty Steel Industry of North America (SSINA). As imports climbed, U.S. consumption remained flat at 800,512 tons, bringing four-month import penetration to 29%, a six percentage point increase compared to the same period in 2004.
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ATI Allegheny Ludlum to Increase Specialty Steel Alloy Prices
Jun. 15, 2005 - ATI Allegheny Ludlum is increasing prices by 4 to 10% for nickel-based alloys, stainless steel super-ferritic alloys, stainless steel super-austenitic alloys, stainless steel high strength alloys, and for AL 332 and AL 334 alloys. The price increase applies to sheet, strip, Precision Rolled Strip®, and plate product forms. It is effective with new orders entered on or after June 13, 2005.
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First Quarter Stainless Steel Imports Climb 37% Higher than 2004
Jun. 14, 2005 - Total stainless steel imports reached 182,350 tons through the first quarter of 2005 — 37% higher than the first quarter of 2004 — according to the latest statistical data released by the Specialty Steel Industry of North America (SSINA). Total specialty steel imports (including stainless, electrical, and tool steels) were 39% higher than the first quarter of 2004.
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Allegheny Ludlum to Increase Tool Steel Prices
May 9, 2005 - ATI Allegheny Ludlum will increase the net transaction price for all tool steel products, including Hot-Rolled Annealed (HRA) and Econ-O-Miser™ (Milled and Ground) products. The increase, approximately 5%, takes effect with shipments beginning May 30, 2005.
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ATI Allvac Announces Price Increases
Apr. 18, 2005 - Allegheny Technologies Inc. announced that ATI Allvac is increasing prices on all nickel- and cobalt-based superalloys, vacuum-melted specialty steels and titanium alloy products by 5 to 9%.
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ATI Adjusts Electrical Steel Raw Materials Surcharge
Mar. 31, 2005 - ATI Allegheny Ludlum will add a surcharge of $300 per ton ($15.00/cwt.) to silicon electrical steel invoices. The new surcharge will take affect with shipments beginning Friday, April 1, 2005.
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Allegheny Ludlum to Pay Penalty for Clean Water Act Violations
Feb. 2, 2005 - In papers filed in federal district court in Pittsburgh, Allegheny Ludlum Corp. has agreed to pay a $2,375,000 penalty as a part of a settlement over alleged Clean Water Act violations at the company’s Pittsburgh-area steel mills and finishing plants.
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Allegheny Ludlum Wins Fuel Cell Material Development Contract
Jan. 14, 2005 - Allegheny Technologies Inc. announced that ATI Allegheny Ludlum has been awarded a subcontract from the University of Pittsburgh with support from the U.S. Department of Energy (DoE) to develop specialty metallic materials for use in fuel cells intended for the power generation industry.
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ATI Allegheny Ludlum to Supply Taiwan Power Project
Nov. 5, 2004 - ATI Allegheny Ludlum has been selected to supply specialty metals for the reactor building service-water piping system at the Taiwan Power Co. (Taipower) Number 4 power plant located in Lungmen, Taiwan.
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ATI Allvac Commissions Expanded Richburg Rolling Mill
Oct. 15, 2004 - ATI Allvac earlier this week commissioned its recently expanded Richburg, S.C., high performance metals long products rolling facility. The expansion significantly enlarges the facility's operating capacity and increases value-added process capabilities including coil processing.
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Production Ramps up at Upgraded ATI Allvac Mill
Sep. 28, 2004 - Production continues to ramp up at ATI Allvac's superalloy and specialty steel bar and rod mill in Richburg, S.C. Danieli Morgårdshammar recently completed major modifications at the plant to increase production capacity, improve plant efficiency and enhance final product quality.
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SSINA to Steel Caucus: U.S. Specialty Metals Industry at Risk
Aug. 20, 2004 - The long-term survival of a once-vibrant and healthy American specialty metals industry faces serious risks, according to Dr. Jack W. Shilling, chairman of the Specialty Steel Industry of North America. This assessment and ways to fix the problem were presented by Shilling in testimony at a field hearing organized by the Senate and House Steel Caucus.
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AISI Chairman Details Challenges to Domestic Industry
Aug. 20, 2004 - “We are witnessing major structural changes in the steel industry, which can be described accurately as both ‘revolutionary’ and predictable,” American Iron and Steel Institute (AISI) Chairman David S. Sutherland, President and CEO of Ipsco, Inc., testified Thursday, August 19, at a Steel Caucus field hearing in Pittsburgh.
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Allegheny Technologies Announces 2nd Quarter Results
Jul. 21, 2004 - Allegheny Technologies Inc. reported net income of $26.6 million on sales of $646.5 million for the second quarter, and a net loss of $23.8 million on sales of $1224.3 million for the six months ended June 30, 2004.
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Allegheny Technologies Announces Public Common Stock Offering
Jul. 13, 2004 - Allegheny Technologies Inc. is making a public offering of 10 million shares of its common stock under its effective shelf registration statement. Over a 30-day period, the underwriters have the option to purchase up to 1.5 million additional shares to cover over-allotments.
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Steel Industry Groups Sign Safety Alliance with OSHA
Jul. 8, 2004 - The U.S. Occupational Safety and Health Administration (OSHA) and the three major trade associations representing virtually all of the basic and specialty steel producers in America have joined forces in an effort to enhance worker safety and health in the nation's steel mills.
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Specialty Steel Industry Tips Hat to U.S. Trade Team
Jun. 30, 2004 - The domestic specialty steel industry praised the efforts of U.S. government officials to reach consensus on an agreement to reduce or eliminate foreign government subsidies, despite Tuesday's suspension of the Organization for Economic Cooperation and Development (OECD) talks.
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Allegheny Technologies Declares Quarterly Dividend
Jun. 11, 2004 - Allegheny Technologies Inc. (ATI) announced that its Board of Directors declared a quarterly dividend of $0.06 per share of common stock. The dividend is payable June 29, 2004, to stockholders of record at the close of business June 21, 2004.
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