Allegheny Ludlum Announces Price Increase for Flat-Rolled Super Stainless Steel and Nickel Alloy Products.Business Editors PITTSBURGH--(BUSINESS WIRE)--Jan. 8, 2001 Allegheny Ludlum, an Allegheny Technologies Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania, USA. It is the 17th largest employer in Allegheny County and one of the last "steel" companies with its headquarters in "The Steel City" and major manufacturing (NYSE NYSE See: New York Stock Exchange :ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) company, announced that it will increase base prices by approximately 4 to 8 percent on super stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. and nickel-based alloy and superalloy su·per·al·loy n. Any of several complex temperature-resistant alloys. grades of sheet, standard strip, Precision Rolled Strip(R), plate-mill-plate and continuous-mill-plate products. The price increase is effective immediately and is being implemented to offset continued increases in labor, supplies, utilities and transportation costs and to improve profitability for continued capital investment for growth. 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 Electrical steel, also called lamination steel, silicon electrical steel, silicon steel or transformer steel, is specialty steel tailored to produce certain magnetic properties, such as a small hysteresis area (small energy dissipation per cycle, or low products and tool steel plate. Allegheny Ludlum's website can be found at http://www.alleghenyludlum.com. This news release contains forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Allegheny Technologies' filings with the Securities and Exchange Commission. Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. Our talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steel alloys, zirconium zirconium (zərkō`nēəm), metallic chemical element; symbol Zr; at. no. 40; at. wt. 91.22; m.p. about 1,852°C;; b.p. 4,377°C;; sp. gr. 6.5 at 20°C;; valence +2, +3, or +4. and related alloys, and tungsten-based specialty materials. Our goal is to be the low cost, high quality supplier to global markets. Allegheny Technologies' website can be found at http://www.alleghenytechnologies.com. |
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