Titanium surcharge continues slide

Jan 02, 2014 | 04:27 PM | Frank Haflich

Tags  titanium, surcharge, Allvac, Allegheny Technologies, aerospace titanium, titanium bar products, titanium flat products, titanium billet Frank Haflich

LOS ANGELES — A key titanium surcharge continued to fall in the first quarter as buyers look for signs that the price-cutting that characterized much of last year’s fourth quarter might be easing.

Allvac Inc., a unit of Pittsburgh-based Allegheny Technologies Inc., lowered its first-quarter surcharge on standard aerospace titanium 6-aluminum/4-vanadium bar and flat products to $4.14 per pound, down 5 percent from $4.36 per pound in the fourth quarter, and applied similar surcharges on titanium 6/4 Eli (extra-low interstitial) bars, flats and billet. The Monroe, N.C.-based company also cut its surcharge for titanium 6/4 billet to $3.77 per pound, down 5 percent from $3.97 per pound in the previous....

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