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Stock impact report

A&T Stainless Joint Venture Tariff Exclusion Request Denied

ATI Inc. (ATI) 
Last ati inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.atimetals.com
Company Research Source: Business Wire
ATI Flat Rolled Products maintains commitment to sustained profitability PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies Incorporated (NYSE: ATI) today learned that the A&T Stainless joint venture’s previously filed Section 232 tariff exclusion request has been denied by the U.S. Department of Commerce. The joint venture (JV) imports semi-finished stainless slab products from Indonesia to produce 60-inch wide stainless sheet products for sale in North America. These slabs will continue to be subject to the 25% tariff levied on all stainless steel products imported into the United States. “While we are disappointed that the U.S. Department of Commerce denied the JV’s Section 232 tariff exclusion request, it does not change our strategy of returning ATI’s Flat Roll Products segment to sustained profitability,” said Robert S. Wetherbee, ATI President and CEO. “Although we believe the uniqu Show less Read more
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