Allegheny Technologies Announces Price Increases for Certain High-Value Products.

Business Editors

PITTSBURGH--(BUSINESS WIRE)--Jan. 31, 2003

Allegheny Technologies Incorporated (NYSE:ATI) announced that two of its operating units, Allegheny Ludlum and Allvac, are increasing prices for certain high-value products.

-- Allegheny Ludlum is increasing prices by approximately 3% to 6% on its High Technology Alloys, effective with new orders February 3, 2003. High Technology Alloys include all nickel-based superalloys, nickel-based alloys, high strength alloys and super austenitic stainless alloys. Allegheny Ludlum will continue its use of the raw material surcharge mechanism already in effect for pricing these products.

-- Allvac is increasing prices by approximately 3% to 6% on its nickel, titanium and specialty steel products effective immediately. Allvac will continue its use of raw material indices to reflect changes in the market for raw materials for pricing these products.

Raw material costs are major factors that affect pricing for these products. Prime and revert materials used in the manufacture of these products remain particularly volatile.

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 Ludlum, an Allegheny Technologies company, 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. The Allegheny Ludlum website can be found at www.alleghenyludlum.com.

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 are: 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. Allvac's website address is www.allvac.com.

Allegheny Technologies Incorporated (NYSE:ATI) is one of the largest and most diversified specialty materials producers in the world, with revenues of approximately $1.9 billion in 2002. The Company has nearly 10,000 employees world-wide and its talented people use innovative technologies to offer growing global markets a wide range of specialty materials. High-value 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(R) products. In addition, we produce commodity specialty materials such as stainless steel sheet and plate, silicon and tool steels, and forgings and castings. The Allegheny Technologies website can be found at www.alleghenytechnologies.com.