Steel News

ATI Completes Sale of its Tungsten Materials Business

11/4/2013 - Allegheny Technologies Inc. announced that it has completed the previously announced sale of its tungsten materials business to Kennametal Inc. for US$605 million.
ATI announced the agreement on 16 September 2013. More information about the sale can be found here.

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately US$4.1 billion for the twelve months ending September 30, 2013. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, engineered forgings and castings, zirconium, hafnium, and niobium alloys, grain-oriented electrical steel, and stainless and specialty steels.