ATI shifts zirconium strategy as nuclear industry struggles

Apr 29, 2013 | 11:38 AM | Frank Haflich

Tags  ATI, zirconium, Richard Harshman, nuclear disaster, Japan disaster, Fukushima Daiichi, Frank Haflich

LOS ANGELES — The global zirconium market, battered by the fallout of Japan’s 2011 nuclear disaster, should hit bottom this year, with initial signs of recovery emerging in 2014, according to Allegheny Technologies Inc.’s (ATI’s) top executive.

The market continues to feel the impact of the earthquake and tsunami that destroyed the Fukushima Daiichi nuclear plant in March 2011, with only two of that country’s 50 nuclear energy plants currently in operation, chairman, president and chief executive officer Richard Harshman said during a quarterly earnings call. According to most reports, this has left Japan with a large nuclear fuel overhang that has only recently begun to diminish.....

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