‘Challenging’ conditions will continue: ATI exec

Jan 23, 2013 | 02:52 PM | Thorsten Schier

Tags  Allegheny Technologies, ATI, earnings report, Richard Harshman, stainless, specialty metals, Thorsten Schier

NEW YORK — Stainless and specialty metals producer Allegheny Technologies Inc. (ATI) believes "challenging" business conditions will continue in the first quarter "and perhaps the first half" due to uncertainties surrounding U.S. fiscal and global economic policies, its top executive says.

The company is especially cautious about markets that are sensitive to the gross domestic product (GDP), such as standard stainless, as consumer and business confidence is "extraordinarily low," chairman, president and chief executive officer Richard Harshman said in a statement released Jan. 23 with its latest earnings report.....

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