27
Jan
19:41
ATI says rightsizing ops difficult but necessary
Cutting Allegheny Technologies Inc’s exposure to the commodity flat-rolled market was a painful but necessary decision, ceo Rich Harshman told analysts on the company’s year-end earnings call.
ATI plans to idle its Midland, Pennsylvania, stainless melt shop and mill by the end of January. It will also be idling its Bagdad, Pennsylvania, grain-oriented electrical steel mill by the end of April, Kallanish notes. Both operations will be consolidated in …
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Anonymous
Very good overview of the weekly steel market.
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