Titanium to get boost from industrial mart: ATI

Oct 29, 2012 | 08:41 AM | Frank Haflich

Tags  Allegheny Technologies, ATI, titanium VSMPO-Avisma, Richard Harshman, Uniti, Frank Haflich

LOS ANGELES — Allegheny Technologies Inc. (ATI) remains optimistic for a possible recovery in one important titanium sector—the industrial market—despite a disappointing third quarter for the metal.

ATI this past week disclosed that its Uniti LLC joint venture with Russia’s VSMPO-Avisma Corp. received the first phase of "an order related to a major desalination project." The Pittsburgh-based specialty metals producer expects that shipments for this phase, as well as "anticipated additional volume," will take place primarily next year, according to Richard Harshman, ATI’s chairman, president and chief executive officer.....

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