Copying and distributing are prohibited without permission of the publisher

(AMM) ATI resets melt shop installation timeline

July 28, 2010 - 23:17 GMT Location: PITTSBURGH

KEYWORDS: Allegheny Technologies , rolling mill , Brackenbridge

The deep impact of the economic recession has forced Allegheny Technologies Inc. (ATI) to push out the timeline for the new rolling mill at its Brackenridge, Pa., facility by at least one year beyond the original plan, with official startup now pegged for 2013.

L. Patrick Hassey, ATI's chairman, president and chief executive officer, said the $1.16-billion project will take 40 months to complete.

The company initially slated completion for 2012 when it announced in September 2008 its intention to build the mill.

Dan Greenfield, ATI's director of investor relations and corporate communications, told AMM after the company's second-quarter earnings conference call that it pushed...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Stainless & Special Steels

Feb 3, 2012 23:58 US molybdenum prices continue to rally
Feb 3, 2012 23:54 US silicomanganese prices up on supply tightness
Feb 3, 2012 23:49 Integrity Stainless to open new Ohio center
Feb 3, 2012 23:45 US ferrosilicon up as stainless mills ‘running hot’
Feb 3, 2012 20:57 NAS’ partial stainless price hike may foil peer mills

Minor & Precious Metals

Feb 3, 2012 15:49 MB NON-FERROUS PRICE CHANGES
Feb 3, 2012 09:08 Minor metals market awaits fallout from Guangxi pollution scandal
Feb 3, 2012 08:51 Bismuth prices rise slightly in China as buyers return
Feb 3, 2012 06:23 Chinese steel mills cut manganese alloys prices for February
Feb 3, 2012 01:01 Chinese selenium prices edge up after holiday

Comment & analysis

COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.
Raising fees could imperil LME date structure: a broker writes

The London Metal Exchange plans to introduce a fee for client trades from March. The proposal has aroused some opposition, and prompted one broker to write to Metal Bulletin, requesting anonymity. Here he outlines his concerns. How justified are they? Email aharrison@metalbulletin.com, or tweet @aharrison_mb