US titanium scrap steady, pressure building

Apr 29, 2011 | 10:18 AM | Frank Haflich

Tags  ATI, Titanium, scrap, Richard Harshman

LOS ANGELES — U.S. titanium scrap prices are holding steady, unlike in other parts of the world where there’s still plenty of room for speculation about price and availability in the raw materials supply chain.

"Fundamentally, it’s really all driven off of a strong demand across the end markets for titanium and titanium alloy products, from industrial to aerospace to medical, et cetera," Richard Harshman, president and chief executive officer of Allegheny Technologies Inc. (ATI), said regarding what’s driving this speculation.

Harshman noted during ATI’s quarterly investors’ conference call that there’s "a wide variety of factors" fueling talk of global pressures on price and supply, among them conditions in the Chinese market.....

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