ATI enjoys strong titanium demand
Oct 27, 2011 | 02:47 PM
| Frank Haflich
LOS ANGELES Allegheny Technologies Inc. (ATI) has seen improved titanium shipments and prices in both aerospace and non-aerospace markets, the company said in its third-quarter earnings statement.
The Pittsburgh-based specialty metals producer said that titanium mill product shipments totaled 36 million pounds in the first nine months of this year, a 22-percent increase from the same period last year and just short of the nearly 38 million pounds shipped in all of 2010. ATI previously said it was targeting shipments of 50 million pounds of titanium in 2011.
ATIs titanium shipments include those from its high-performance metals (HPM) group, as well as from its flat-rolled products segment, which were up 57 percent through the first nine months to 15 million pounds. This is presumably due in large part to a contract won last year by Uniti Titanium LLCa Moon Township, Pa.-based joint venture between ATI and VSMPO-Avisma Corp. of Russiato supply 5.5 million to 6 million pounds of commercially pure titanium strip for a seawater desalination project in Saudi Arabia. Deliveries of the strip are due to be spread evenly over 2011. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.