ALLEGHENY TECHNOLOGIES HEADLINESSteel Producers /
Allegheny Technologies
ATI Allegheny Ludlum to Increase Stainless Steel Prices
Mar. 3, 2006 March 3, 2006 — ATI Allegheny Ludlum is increasing its selling prices for cold-rolled stainless steel sheet and strip products, including duplex alloys and auto exhaust alloys. Allegheny Ludlum is also increasing selling prices for stainless steel plate, tool steel, and hot-rolled sheet products.
The company says the increases are necessary to offset rising manufacturing costs and to support capital investments and growth. Price increases, summarized below, are effective with shipments beginning March 20, 2006:
- Selling prices for 200-, 300-, and non-automotive 400-series stainless steel sheet and strip products are being increased by approximately 3%.
- Selling prices for AL 2003(TM) lean duplex alloy and AL 2205(TM) duplex alloy sheet, strip, and plate products are being increased by approximately 3%.
- Selling prices for auto exhaust alloy sheet and strip products are being increased by approximately 6%.
- Selling prices for stainless steel plate-mill plate products are being increased by approximately 4%.
- Selling prices for stainless steel continuous-mill plate, hot-rolled sheet, and hot-rolled tubular quality coil products are being increased by approximately 6%.
- Selling prices for tool steel products are being increased by approximately 5%.
All surcharges will remain in effect as described on the Allegheny Ludlum website.
ATI Allegheny Ludlum is a world leader in the production and marketing of sheet, plate, and strip specialty metals including stainless steel, nickel-based alloys, titanium, and titanium-based alloys, grain-oriented silicon electrical steel and tool steel. Allegheny Ludlum is an Allegheny Technologies company.
Allegheny Technologies Inc. is one of the largest and most diversified specialty metals producers in the world with revenues of over $3.5 billion in 2005. Products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, grain-oriented silicon electrical steel and tool steels, and forgings and castings.