ATI titanium shipments slow in first 3 months

May 01, 2012 | 01:33 PM | Frank Haflich

Tags  Titanium, ATI, Richard Harshman, Uniti, VSMPO-Avisma, Frank Haflich

LOS ANGELES — Allegheny Technologies Inc.’s ability to meet its 2012 titanium shipment target could hinge on a non-aerospace industrial market that has yet to meet expectations.

Richard J. Harshman, chairman, president and chief executive officer of Pittsburgh-based ATI, estimated in January that its shipments this year would rise 7 to 8 percent from last year’s 45 million pounds—much lower than the 20-percent growth rate of 2011 (AMM, Jan. 26).

But ATI’s first-quarter titanium results didn’t keep up with that moderated growth outlook, reaching a little more than 10 million pounds.....

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