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ALLEGHENY LUDLUM CEO FORECASTS EARNINGS

 ALLEGHENY LUDLUM CEO FORECASTS EARNINGS
 PITTSBURGH, March 31 /PRNewswire/ -- Allegheny Ludlum Corporation's


(NYSE: ALS) profits in the 1992 first quarter are "expected to be in line with earnings reported for the first and final quarters of last year," according to Robert P. Bozzone, president and chief executive officer.
 In other remarks to security analysts in New York City last evening after the close of the New York Stock Exchange, Bozzone said, "Selling prices remain very competitive. However, our market indicators and orders are holding up well except for the automotive sector. Customers continue to keep lean inventories and require very fast deliveries."
 Allegheny Ludlum reported net income of $.38 per share of common stock in the first quarter and $.40 per share in the last quarter of 1991. For the year 1991, Allegheny Ludlum sales were $1,004,622,000 and net income was $41,110,000 or $1.25 per share based on 32,903,095 weighted average number of shares outstanding.
 Allegheny Ludlum is a leading producer of a wide range of specialty materials, including stainless steels, electrical steels and high- technology alloys. The company's stock trades on the New York Stock Exchange (symbol: ALS).
 -0- 3/31/92
 /CONTACT: Bert Delano of Allegheny Ludlum, 412-394-2813/
 (ALS) CO: Allegheny Ludlum Corporation ST: Pennsylvania IN: MNG SU: ERP


SB -- PG005 -- 3375 03/31/92 11:32 EST
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Publication:PR Newswire
Date:Mar 31, 1992
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