June 16, 2006 — Allegheny Technologies Inc. announced that ATI Allegheny Ludlum is increasing selling prices of stainless sheet and strip products by approximately 6%.

The increase applies to all cold-rolled and hot-rolled stainless sheet and strip products, including tubular quality, and stainless continuous-mill-plate and Precision Rolled Strip^(R) products. The price increases are effective with shipments beginning July 3, 2006.

The ATI Allegheny Ludlum Specialty Plate business unit is also increasing selling prices of stainless plate-mill-plate products by approximately 6%. These price increases are effective with shipments beginning July 3, 2006.

The company notes that the increases are necessary to recover rising costs and to support capital investments and growth. All surcharges remain in effect as described on the Allegheny Ludlum website.

ATI Allegheny Ludlum is a world leader in the production and marketing of sheet, plate, and strip specialty metals including stainless steel, nickel-based alloys, titanium, and titanium-based alloys, grain-oriented silicon electrical steel and tool steel.

Allegheny Technologies Inc. is one of the largest and most diversified specialty metals producers in the world with revenues of $3.7 billion during the most recent four quarters ending March 31, 2006. ATI’s products include titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, grain-oriented silicon electrical steel and tool steels, and forgings and castings.