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ALLEGHENY LUDLUM CORPORATION PROJECTS EARNINGS

 ALLEGHENY LUDLUM CORPORATION PROJECTS EARNINGS
 NEW YORK, June 24 /PRNewswire/ -- "We expect our 1992 second


quarter earnings to come in well above last year's second quarter. Also, it now appears that the historically slow summer period will turn out much stronger than last year, reflecting recent significantly better demand from the automotive sector, continuing improvement in the consumer durable goods markets, and the company's recent 4-5 percent price increase on most stainless steel products," Robert P. Bozzone, president and chief executive officer of Allegheny Ludlum Corporation (NYSE: ALS), said today.
 In other remarks before security analysts in New York, Bozzone said that there does not appear to be any inventory overhang in the market to blunt a recovery. Customers are depending on fast deliveries, according to Bozzone.
 Allegheny Ludlum reported net income of $.33 per share of common stock in the second quarter of 1991. Net income in the 1991 third quarter was $.14 per share. For the full 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- 6/24/92
 /CONTACT: Bert Delano of Allegheny Ludlum, in Pittsburgh, 412-394-2813/
 (ALS) CO: Allegheny Ludlum Corporation ST: Pennsylvania IN: MNG SU: ERN


DM-JZ -- PG012 -- 3313 06/24/92 13:00 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
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