Steel Mills
January 23, 2017
ATI Seeks Fair and Free Trade Under Trump
Written by Sandy Williams
Allegheny Technologies Inc. reported fourth quarter sales of $796 million and net income of $10 million.
Flat rolled sales increased 13.2 percent year-over-year in Q4 2016 to $18.9 million, but the segment posted an operating loss of $0.8 million, improved from a loss of $120.1 million in Q4 2015. Quarter results were impacted by “weak market conditions, very low base-selling prices and raw material surcharges, and the effects of lower operating levels following the mid-August 2015 work stoppage,”said ATI.
