| Return to Steel News Headlines| Print This Page |

ATI Allegheny Ludlum
to Increase Stainless Prices

May 6, 2004 — Allegheny Technologies subsidiary ATI Allegheny Ludlum is increasing prices on hot-rolled and cold-rolled stainless steel sheet, strip, Precision Rolled Strip(R) and continuous-mill plate products.

Prices for these products are being increased by approximately 6%, effective with shipments beginning May 17, 2004. Allegheny Ludlum will also increase size extras for stainless steel sheet, strip and tubular quality sheet and strip. The company says the increases are necessary to offset cost increases for energy, transportation, health care and other manufacturing costs and for capital investment and growth.

The existing raw materials surcharge remains in effect.

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.

Allegheny Technologies Inc. is one of the largest and most diversified specialty materials producers in the world, with revenues of approximately $1.9 billion in 2003. 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 products. Commodity specialty materials include stainless steel sheet and plate, silicon and tool steels, and forgings and castings.

Close Window