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ATI Allvac Announces Price Increases

March 17, 2004 — Allegheny Technologies Inc. announced that ATI Allvac is increasing prices effective immediately on all nickel- and cobalt- based alloy, specialty steel and titanium alloy products.

Nickel- and cobalt- based alloy and specialty steel product prices have been increased by 6 to 12%. Titanium alloy product prices are increased by 8 to 12%. Existing raw materials index and surcharge policies remain in effect.

The company states that the increases are necessary to offset the rapid rise in energy, health care, transportation and other costs.

ATI Allvac, an Allegheny Technologies company, is a leading producer of high performance metals with seven manufacturing facilities in the United States and Europe. Nickel-, iron-, cobalt-, and titanium-base materials are manufactured for the aerospace, marine, oil and gas, chemical processing, biomedical, transportation, and nuclear industries. Product forms include ingot, forging billet, extrusion billet, round forging bar, round machining bar, rectangular bar, custom rolled shapes, cold drawn bar and rod, rod, bar and rod coil.

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. High-value products include nickel- 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.

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