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ATI Allegheny Ludlum Announces Stainless Price Increase

Jan. 16, 2004 — Allegheny Technologies Inc. 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. The increase covers stainless steel sheet, strip, Precision Rolled Strip^(R) and plate products.

The company commented that the increases are necessary to offset the rapid inflation of raw materials, energy, transportation and other costs. Existing raw materials surcharge formulas remain in effect.

ATI Allegheny Ludlum is also revising its bill of material policy, requiring a minimum quantity of 250 tons per month, among other changes.

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