Allegheny to increase stainless strip prices

Allegheny Technologies Incorporated (NYSE:ATI) announced that ATI Allegheny Ludlum is increasing selling prices for most cold-rolled and hot-rolled stainless steel sheet and strip products, continuous-mill plate products, and duplex alloys.

The following price increases are effective with shipments beginning May 1, 2006:
Selling prices for most hot-rolled and cold-rolled stainless steel sheet and strip products are being increased by approximately 6%.
Selling prices for stainless steel continuous-mill-plate products are being increased by approximately 9%.
Selling prices for AL 2003(TM) lean duplex alloy and AL 2205(TM) duplex alloy sheet, strip, and plate products are being increased by approximately 6%.