Allegheny Technologies Inc.
Allegheny Technologies Inc. (ATI), headquartered in Pittsburgh, Pa., is a specialty metals and components supplier for the aerospace & defense, medical, and industrial industries.
Latest News
Allegheny Technologies Expects 4th Quarter Net Special Gain
06 January 2006 -
YTD Specialty Steel Imports Continue to Exceed 2004 Totals
06 January 2006 -
Allegheny Technologies Expects 4th Quarter Net Special Gain
06 January 2006 -
YTD Specialty Steel Imports Continue to Exceed 2004 Totals
06 January 2006 -
Allegheny Technologies Announces Dividend Increase, 2006 Capital Plan
12 December 2005 - Allegheny Technologies Inc. announced that it will increase its quarterly dividend by 67%, to $0.10 per share. The dividend is payable on December 27, 2005, to stockholders of record at the close of business on December 19, 2005.
Allegheny Technologies Reports Strong 3rd Quarter Results
27 October 2005 - Allegheny Technologies Inc. reported net income of $88.3 million on sales of $861.7 million for the third quarter, and net income of $241.0 million on sales of $2,645.5 million for the first nine months of 2005.
Allegheny Technologies to Exceed 3rd Quarter Estimates for 3rd Quarter
13 October 2005 - Allegheny Technologies Inc. expects its third quarter 2005 earnings to be in the range of $0.84 to $0.88 per share, including a $4 million favorable resolution of prior years' tax matters.
YTD Specialty Steel Imports Continue to Exceed YTD 2004 Totals
11 October 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.
Allegheny Technologies to Expand Nickel-based and Specialty Alloy Capabilities
09 September 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.
Stainless Steel Imports Continue to Outpace 2004 Totals
31 August 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.
Allegheny Ludlum to Raise Electrical Steel Surcharge
17 August 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.
YTD Specialty Steel Imports Continue to Climb
02 August 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).
Allegheny Technologies Reports Strong 2nd Quarter Results
28 July 2005 - Allegheny Technologies Inc. (ATI) reported net income of $91.7 million on sales of $904.2 million for the second quarter 2005.
Stainless Steel Imports Jump 26% Ahead of Year-to-Date 2004 Totals
11 July 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.
Allegheny Ludlum to Increase Silicon Electrical Steel Prices
07 July 2005 - ATI Allegheny Ludlum is increasing prices for grain-oriented silicon electrical steel products by approximately 26%.
ATI Allegheny Ludlum to Increase Specialty Steel Alloy Prices
15 June 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.
First Quarter Stainless Steel Imports Climb 37% Higher than 2004
14 June 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.
ATI Allegheny Ludlum Announces Electrical Steel Surcharge
25 May 2005 - ATI Allegheny Ludlum announced it will add a surcharge of $285 per ton ($14.25/cwt.) to all silicon electrical steel invoices, effective with shipments beginning Wednesday, June 1, 2005.
Allegheny Ludlum to Increase Tool Steel Prices
09 May 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.
Allegheny Technologies Announces Strong 1st Quarter Results
25 April 2005 - Allegheny Technologies Inc. reported net income of $66.3 million on sales of $879.6 million for the first quarter of 2005.
