Titanium surcharge logs first gain in two years

Apr 01, 2014 | 04:17 PM | Frank Haflich

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

LOS ANGELES — The first boost in a key titanium surcharge in two years has helped raise hopes that mill product prices might be poised to increase, although most buyers have yet to see evidence of this.

ATI Allvac, a division of Pittsburgh-based Allegheny Technologies Inc. (ATI), has raised its second-quarter raw material surcharge on standard aerospace titanium 6-aluminum/4-vanadium bar and flat products by 3.1 percent to $4.27 per pound from $4.14 per pound in the first quarter, and applied similar surcharges on titanium 6/4 Eli (extra-low interstitial) bars. The company also raised its surcharge for titanium 6/4 and 6/4 Eli billet by 3.2 percent to $3.89 per pound from $3.77 per pound in the same comparison.....

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