Weaker sales push ATI into red in 3d qtr.

Oct 24, 2013 | 12:47 PM | Rey Mashayekhi

Tags  Allegheny Technologies, ATI, earnings report, Kennametal, Richard J. Harshman, tungsten, Rey Mashayekhi

NEW YORK — Allegheny Technologies Inc. (ATI) fell into the red in the third quarter, citing weaker sales due to sluggish demand from many key markets.

Pittsburgh-based ATI posted a net loss of $33.8 million for the three months ended Sept. 30 in contrast to net income of $35.3 million in the same period last year on sales that fell 14.1 percent to $972.4 million.....

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