Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Allegheny Technologies Signs Deal Agreement Is with Russian Steelmaker

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Allegheny Technologies Signs Deal Agreement Is with Russian Steelmaker

Article excerpt

Allegheny Technologies Inc. announced an agreement on Thursday to provide processing services for U.S. mills operated by Russian steelmaker NLMK, a deal that the Pittsburgh specialty metals producer said "significantly increases" production levels at its Brackenridge plant.

Shipments of steel slabs from NLMK USA's plants in Mercer County and in Portage, Ind., will begin immediately and will ramp up early next year, ATI said in a statement.

The shipments will allow the company to increase production at the Brackenridge hot-rolling and processing facility by about 10 to 15 percent, according to ATI spokeswoman Natalie Gillespie.

Financial details were not disclosed.

The agreement provides ATI with guaranteed revenues and greater utilization of the Brackenridge plant, said Bob Wetherbee, head of the company's flat-rolled products division who is scheduled to take over as the CEO of ATI on Jan. …

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