Stainless steel outlook unclear: ATI executive

Oct 25, 2012 | 12:03 PM | Thorsten Schier

Tags  ATI, Allegheny Technologies, Richard Harshman, stainless, nickel, London Metal Exchange, Thorsten Schier

NEW YORK — Forecasting in the stainless market is growing increasingly difficult, according to the top executive of Allegheny Technologies Inc. (ATI), citing a lack of visibility.

"When you look at some of the short-cycle business, lead times for stainless steel sheet and plate today are very, very short," ATI chairman, president and chief executive officer Richard Harshman said during the company’s third-quarter earnings call, pegging lead times for commodity items at only about two weeks.....

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