ATI discussing tolling deals with carbon steel producers

Jul 22, 2014 | 05:08 PM | Rey Mashayekhi

Tags  Allegheny Technologies, ATI, aerospace, oil, gas, chemical processing, Richard J. Harshman, earnings report hot-rolling and processing facility

NEW YORK — Allegheny Technologies Inc. (ATI) is in discussions with carbon steel producers regarding tolling agreements at its $1.2-billion hot-rolling and processing facility in Brackenridge, Pa., according to its top executive.

The company has already begun "running (carbon steel) product" at the facility and has included "a variety of carbon steel products from more than one carbon steel producer" in the commissioning schedule, ATI chairman, president and chief executive officer Richard J. Harshman said during the company’s second-quarter earnings call July 22, although the "No. 1 prioritization" at the facility is the company’s own product offerings. ....

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