ATI Allegheny Ludlum announces more price increases

ATI Allegheny Ludlum announces more price increases

ATI Allegheny Ludlum will raise the prices of its grain-oriented silicon electrical steel products by approximately 26 percent effective with shipments beginning on Aug. 1, 2005, according to an announcement issued by parent company Allegheny Technologies Incorporated, July 7. Grain-oriented silicon electrical steel is used in the manufacture of power distribution and power generation transformers for the electrical energy market. All surcharges for grain-oriented silicon electrical steel remain in effect. This price increase is reported to be for capital investment and growth. ATI Allegheny Ludlum, an Allegheny Technologies company, is a world leader in the production and marketing of sheet, plate, and strip specialty materials including stainless steel, nickel-based alloys, titanium, and titanium-based alloys. The company also produces grain-oriented silicon electrical steel products, and tool steel plate.