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ATI unconcerned by higher US titanium feedstock prices

January 30, 2012 - 21:02 GMT Location: Los Angeles

KEYWORDS: Allegheny Technologies , ATI , titanium , rutile , iluka , Richard Harshman

Allegheny Technologies Inc. (ATI) isn’t sweating a continued surge in titanium feedstock prices.

Harshman said during a quarterly conference call with analysts that with "stable" input prices for both titanium tetrachloride and magnesium, along with higher production rates and improved plant efficiencies, "we expect to produce more sponge at lower costs in 2012 than in 2011" at Rowley.

Iluka Resources Ltd. of Perth, Western Australia, said in July last year that it won a 70- to 75-percent weighted-average price increase for its rutile feedstock for the second half of 2011, and it subsequently boosted prices for the first half of...

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