ATI sees weakness ahead after 3d-qtr. net falls 43.3%

Oct 24, 2012 | 01:56 PM | Thorsten Schier

Tags  ATI, Richard Harshman, third-quarter 2012, stainless, specialty alloys, nickel-based alloys, Thorsten Schier

NEW YORK — Allegheny Technologies Inc. (ATI) expects business conditions in the fourth quarter to remain "challenging," after third-quarter results turned out weaker than expected.

"Except for the U.S. election, meaningful progress on the primary reasons for the current global economic uncertainty—the possible U.S. ‘fiscal cliff,’ the eurozone debt crisis and slower growth in China—is not expected until the first half of 2013," ATI chairman, president and chief executive officer Richard Harshman said in a statement released with the company’s third-quarter earnings results.....

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