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Allegheny & Tsingshan Stainless Joint Venture Files Tariff Exclusion Request

ALLEGHENY TECHNOLOGIES (ATI)  More Company Research Source: Business Wire
Last allegheny technologies earnings: 7/24 07:15 am Check Earnings Report
US:NYSE Investor Relations: ir.atimetals.com
PDF PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies Incorporated (NYSE: ATI) today announced that the company filed for an exclusion from Section 232 tariffs on behalf of its recently formed Allegheny & Tsingshan Stainless joint venture (JV). The JV imports semi-finished stainless slab products from Indonesia. These slabs are currently subject to the 25% tariffs recently levied on all stainless steel products imported into the United States. “This innovative JV is a great example of a capital efficient, globally competitive supply chain – one that leverages ATI’s world class Hot Rolling and Processing Facility (HRPF) located in Brackenridge, PA, the JV’s Direct Roll Anneal and Pickle (DRAP) Facility in Midland, PA and Tsingshan’s extensive Indonesian resources and capabilities,” said Rich Harshman, ATI’s Chairman, President and CEO. Midland’s DRAP facility utilizes an efficient, continuous automated [Read more]

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