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News Article | April 25, 2017
Site: www.businesswire.com

PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) reported first quarter 2017 sales of $865.9 million and net income attributable to ATI of $17.5 million, or $0.16 per share. Business segment operating profit improved to $69.9 million, or 8.1% of sales. “First quarter 2017 sales grew by 14% compared to the same 2016 period. Net income was $17 million, or $0.16 per share, compared to a significant loss in the first quarter 2016. This was a good start toward achieving o


News Article | April 30, 2017
Site: www.PR.com

Superalloys Market: With Soaring Demand It is Now a $7,150 Million Industry Increase in need for high-strength materials that can withstand high temperatures in aircraft engines, gas turbines, rocket engines, and chemical plants is the major driver of the global superalloys market Portland, OR, April 30, 2017 --( Access Full Summary at: https://www.alliedmarketresearch.com/superalloys-market Superalloys are the group of alloys, which are alloyed particularly with nickel, cobalt, and iron along with other metals to enhance their corrosion resistance. These alloys are widely used in aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, rocket engines, and others owing to their remarkable properties such as high mechanical strength, creep resistance at high temperature, significant surface stability, and corrosion, oxidation, & high-temperature, resistance. The growth of the global superalloys market is driven by the increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players. However, high cost of these alloys is anticipated to hamper the market growth during the forecast period. Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Presently, these alloys constitute over 50% of the weight of advanced aircraft engines. The aerospace application segment dominated the global market, with almost half of the total market share in 2015. In aerospace, alloys are used to develop gas turbine engines for defense aircraft, turbine blades, and jet engines. Key Findings of the Superalloys Market Report -In 2015, North America dominated the global market, with around two-fifths share, in terms of revenue. -Cobalt-based superalloys segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 10.6% from 2016 to 2022. -Asia-Pacific is projected to grow at the highest CAGR of 10.0%, in terms of volume. -Automotive application segment is projected to grow at the highest CAGR of 10.8%, in terms of revenue. -In aerospace application, commercial aircraft segment dominated the market, comprising more than half of the total market share, in terms of revenue. In 2015, North America dominated the global market owing to increase in utilization of aircrafts and significant growth in aerospace industry. Furthermore, in terms of value, Asia-Pacific is projected to witness the highest CAGR of 10.1%, followed by Europe, which is expected to register a CAGR of 9.6%. The major companies profiled in the report include Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters, Nippon Yakin Kogyo, Universal Stainless, and Danyang City Kaixin Alloy Material Co. Ltd. Portland, OR, April 30, 2017 --( PR.com )-- Superalloys Market Report, published by Allied Market Research, states that the Global Market was valued at $3,727 million in 2015, and is estimated to reach $7,150 million by 2022, growing at a CAGR of 9.5% from 2016 to 2022. In 2015, nickel-based segment held more than half share of the total market.Access Full Summary at: https://www.alliedmarketresearch.com/superalloys-marketSuperalloys are the group of alloys, which are alloyed particularly with nickel, cobalt, and iron along with other metals to enhance their corrosion resistance. These alloys are widely used in aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, rocket engines, and others owing to their remarkable properties such as high mechanical strength, creep resistance at high temperature, significant surface stability, and corrosion, oxidation, & high-temperature, resistance.The growth of the global superalloys market is driven by the increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players. However, high cost of these alloys is anticipated to hamper the market growth during the forecast period.Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Presently, these alloys constitute over 50% of the weight of advanced aircraft engines.The aerospace application segment dominated the global market, with almost half of the total market share in 2015. In aerospace, alloys are used to develop gas turbine engines for defense aircraft, turbine blades, and jet engines.Key Findings of the Superalloys Market Report-In 2015, North America dominated the global market, with around two-fifths share, in terms of revenue.-Cobalt-based superalloys segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 10.6% from 2016 to 2022.-Asia-Pacific is projected to grow at the highest CAGR of 10.0%, in terms of volume.-Automotive application segment is projected to grow at the highest CAGR of 10.8%, in terms of revenue.-In aerospace application, commercial aircraft segment dominated the market, comprising more than half of the total market share, in terms of revenue.In 2015, North America dominated the global market owing to increase in utilization of aircrafts and significant growth in aerospace industry. Furthermore, in terms of value, Asia-Pacific is projected to witness the highest CAGR of 10.1%, followed by Europe, which is expected to register a CAGR of 9.6%.The major companies profiled in the report include Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters, Nippon Yakin Kogyo, Universal Stainless, and Danyang City Kaixin Alloy Material Co. Ltd. Click here to view the list of recent Press Releases from Allied Market Research


News Article | April 20, 2017
Site: news.yahoo.com

WASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. Citing concerns about national security, Trump made the announcement at a White House ceremony with U.S. steel executives from Nucor Corp , United States Steel Corp and TimkenSteel Corp alongside Commerce Secretary Wilbur Ross, a billionaire businessman who made part of his fortune investing in the steel business. "Steel is critical to both our economy and our military," said Trump, a Republican. "This is not an area where we can afford to become dependent on foreign countries." Trump won many votes in industrial states like Michigan and Pennsylvania with a pledge to boost manufacturing and crack down on Chinese trade practices. China is the largest national producer and makes far more steel than it consumes, selling the excess output overseas, often undercutting domestic producers. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an increasingly belligerent North Korea. When Chinese President Xi Jinping visited Trump in Florida earlier this month, Trump raised the possibility of using trade as a lever to coax China to do more. “Everything they export is dumping,” said Derek Scissors, Asia economist at the American Enterprise Institute, a Washington think tank. Ross cast the decision to initiate the probe as a response to Chinese exports of steel into the United States reaching the point where they now account for 26 percent of the U.S. market. Chinese exports have risen "despite repeated Chinese claims that they were going to reduce their steel capacity," said Ross, whom The Economist, a business magazine that champions free trade, in 2004 labeled "Mr. Protectionism" for his history of owning businesses protected from foreign competition. Ross said that if the Commerce inquiry finds the U.S. steel industry is suffering from too much steel imports, he will recommend retaliatory steps that could include tariffs. Diverging from the Obama administration's approach to the issue, which relied largely on filing complaints to the World Trade Organization (WTO), Trump ordered a probe under Section 232 of the Trade Expansion Act of 1962, which lets the president impose restrictions on imports for reasons of national security. In October 2001, a Commerce Department investigation found "no probative evidence" that imports of iron ore and semi-finished steel threaten to impair U.S. national security. Steel shares had rallied after Trump won the November election amid promises for increased infrastructure spending. On Thursday shares of Steel Dynamics Inc , AK Steel Holding Corp , Cliffs Natural Resources Inc , Allegheny Technologies Inc and other steel makers closed between 4 percent and 8.5 percent higher. The United States has nearly 100 plants that make millions of tons of steel annually. The U.S. government has attempted to shield them from cheap foreign steel chiefly through the WTO, but the Trump administration said this has had little impact. "The artificially low prices caused by excess capacity and unfairly traded imports suppress profits in the American steel industry," the administration said in a statement. Nucor Chairman John Ferriola said in a statement that the steelmaker welcomed the president's move. "We look forward to continuing to work with the president and Secretary Ross to ensure our trade laws are enforced so that U.S. manufacturers can compete on a level-playing field," he said. Experts were skeptical about the administration's argument that cheap Chinese steel threatened U.S. national security. The Defense Department's annual steel requirements comprise less than 0.3 percent of the industry’s output by weight. “There is no doubt that steel plays a role in our national security and the manufacturing of U.S. weapons systems,” said Jeff Bialos, a partner at law firm Eversheds Sutherland, who has worked on steel trade cases in the past. "But the Department of Defense only consumes a small portion of domestic steel output, and this has decreased over the past decade as composites technology has advanced,” Bialos said.


The report "High Performance Alloys Market by Alloy Type (Wrought, Cast), Product Type (Non-Ferrous Alloys, Refractory Alloys), Alloying Element (Aluminum, Titanium, Magnesium), Application (Aerospace, Industrial, Automotive), & Geography - Global Forecast to 2020" Published by MarketsandMarkets, The global market for High Performance Alloys is projected to grow at a CAGR of 4.34% from 2015 to 2020, to reach USD 9,698.35 Million by 2020. Browse more than 207 market data Tables with 54 Figures spread through 235 Pages and in-depth TOC on "High Performance Alloys Market" Early buyers will receive 10% customization on this report. The market report defines and segments the global High Performance Alloys Market with analysis and forecasting of the global revenues for high performance alloys. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges. The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and the Rest of the World (ROW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of application. The high performance alloys industry is influenced by the increase in population, consumer awareness, changing consumer preferences, urbanization, and development in economy, which drive the demand for sustainable products. These factors will drive the demand for high performance alloys from these regions. Advancement in technology and economies of scale has enabled the use of high performance alloys in a wide range of applications and lowered the production cost. Growing demand for high performance alloys in emerging economies such as China is expected to drive the High Performance Alloys Market. Emerging countries such as China, India, Brazil, and countries in Southeast Asia are witnessing change in consumer preferences. The market for high performance alloys is observed to be maturing in economies such as Europe and North America though they still account for the largest market share. The North American region formed the largest market for high performance alloys, in terms of volume, having accounted for 472.02 KT in 2014, with a share of 38%. The global market for high performance alloys is projected to grow at a CAGR of 4.34% from 2015 to 2020, to reach USD 9,698.35 Million by 2020. The High Performance Alloys Market is dominated by several large players such as Aperam SA (Luxembourg), Alcoa Inc. (U.S.), Allegheny Technologies Incorporated (U.S.), Carpenter Technology (U.S.), Haynes International Inc. (U.S.), Hitachi Metals Ltd. (Japan), Outokumpu (Finland), Precision Castparts Corporation (U.S.), Timken Company (U.S.), and VSMPO-AVISMA Corporation (Russia). The development of economies plays an essential role in increasing the demand for high performance alloys in the global market. The key parameter that determines the growth of high performance alloys in developing economies is the increase in consumption. The growing GDP in emerging markets such as China, India, and Brazil is estimated to drive the demand for high performance alloys. Dry Construction Market by Type (Supporting Framework & Boarding), Material (Metal, Wood, Plasterboard, Plastic, & Others), System (Wall, Ceiling, Flooring, & Others), Application (Residential & Non- Residential) & Region - Trends and Forecast to 2020 MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan MarketsandMarkets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


BOSTON--(BUSINESS WIRE)--Metals are an important component of aviation and defense systems, constituting nearly 75 percent of turbine engine components and 66 percent of an airframe’s weight. The U.S. Air Force Research Laboratory (AFRL) and Rolls-Royce are using Nutonian’s machine intelligence software, Eureqa, to discover new relationships in manufacturing data that will slash metals costs and boost performance. AFRL is the Air Force’s only organization dedicated to developing technologies for the country’s air, space, and cyberspace forces. It manages the Metals Affordability Initiative (MAI), a consortium that pools government and industry resources to reduce metallic aircraft component costs and accelerate implementation. To date, the MAI has successfully transferred 50 technologies into 22 aerospace systems across the Air Force and Department of Defense, with 39 independent technologies transitioned directly to the C-17, C-40, C-130, E-2, F-15, F-16, F/A-18, F-22, F-35, KC-135, P-8, V-22, Global Hawk, and Apache aircrafts. The MAI has also influenced the micro satellite, Mars reconnaissance orbiter, and Orion spacecraft. As part of MAI’s “Advanced Titanium Alloy Microstructure and Mechanical Property Modeling” program, AFRL and Nutonian teamed up to apply Eureqa to accurately predict how titanium alloys respond to various inputs and conditions during the manufacturing process to yield optimal engine components. “Developing quantitative models that relate materials processing history to microstructure and properties is an essential part of maximizing the performance of future turbine engine components,” said Dr. Adam Pilchak of AFRL. “These models will help original equipment manufacturers optimize future engines by incorporating microstructure as a design variable, allowing them to ensure they have the right material properties in the right locations.” Using Eureqa’s analytical models, companies like Allegheny Technologies Incorporated and Precision Castparts Corporation can begin to churn out new components for Boeing, GE, Pratt & Whitney, and Rolls-Royce. The models help aerospace manufacturing companies improve the performance of titanium parts for air structures and high-performance turbine engines, and reduce costs by decreasing materials-to-design-to-fly time. The models have also been incorporated into Scientific Forming Technologies Corporation’s (SFTC) process simulation software, DEFORM™, and are now commercially available. “The application of machine intelligence to manufacturing data finds relationships that can be immediately leveraged to impact the bottom line by reducing costs, improving throughput, and guiding advanced product design,” said Dr. Jay Schuren, field CTO at Nutonian. “We’re thrilled to work with prestigious organizations like the AFRL on improving materials and manufacturing processes that both contribute to our nation’s security and push the bounds on what is currently possible.” To learn more about Eureqa and discover how it can improve your manufacturing processes, please visit: http://nutonian.com/products/eureqa. About Nutonian Nutonian is the Machine Intelligence™ company. Its Eureqa® application empowers analysts, modelers, and engineers to automatically discover analytical models via sophisticated evolutionary algorithms requiring no human intervention. Founded in 2011 by two of the “World’s Most Powerful Data Scientists” (Forbes), Eureqa accelerates data science initiatives by making advanced data modeling simpler, faster, and more scalable than any existing solution. Nutonian is headquartered in Somerville, Mass. For more information, please visit www.nutonian.com or follow Nutonian on Twitter at @nutonian.


News Article | July 1, 2015
Site: www.businesswire.com

PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE:ATI) announced today that ATI and the United Steelworkers (USW) are continuing to operate under the terms and conditions of the collective bargaining agreements that expired at 11:59 PM on June 30, 2015. ATI remains hopeful that progress can be made toward new agreements, but significant issues need to be resolved. ATI continues to work in good faith with the USW toward new and fair agreements. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control, that may cause our actual results, performance or achievements to materially differ from those expressed or implied in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in our filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements. Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.4 billion for the twelve months ended March 31, 2015. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials 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. The ATI website is www.ATImetals.com.


PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with investors and analysts scheduled for Tuesday, January 20, 2015 at 8:30 a.m. ET. The conference call will be conducted after the Company’s planned release of fourth quarter and full-year 2014 results. The conference call will be broadcast, and accompanying presentation slides will be available, at www.ATImetals.com. To access the broadcast, go to the home page and select “Conference Call”. Replay of the conference call will be available on the ATI website. Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.1 billion for the twelve months ended September 30, 2014. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials 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. The ATI website is www.ATImetals.com.


PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with investors and analysts scheduled for Tuesday, April 21, 2015 at 8:30 a.m. ET. The conference call will be conducted after the Company’s planned release of first quarter 2015 results. The conference call will be broadcast, and accompanying presentation slides will be available, at www.ATImetals.com. To access the broadcast, go to the home page and select “Conference Call”. Replay of the conference call will be available on the ATI website. Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.2 billion in 2014. ATI has approximately 9,700 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials 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. The ATI website is www.ATImetals.com.


DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tw3jxs/growth) has announced the addition of the "Growth Opportunities for Global Titanium Mill Products Industry 2014-2019" report to their offering. The global titanium mill products industry is expected to grow at a CAGR of 2.9% over 2015-2020. Growth in the power, healthcare, chemical, and aerospace sectors is likely to create demand opportunities for the titanium mill products market globally. Increasing demand for high strength and lightweight materials in different industries increases the demand for titanium mill products. The aerospace industry is expected to be the largest market for titanium mill products. Growth in the aerospace industry along with the higher use of carbon fiber composites, which are compatible with titanium, is likely to increase the demand for titanium. Being lightweight materials along with outstanding corrosion resistance properties, titanium mill products are the preferred material for aircraft manufacturers. This report provides an analysis of the global titanium mill products industry, including the industry trends, competitive landscapes, company profiles, emerging trends, and key drivers of the industry growth. The study also includes forecast of the global titanium mill products industry through 2019 by value ($M) and by volume (million lbs) segmented by applications and regions. The global titanium mill products market segmented by product types for one year The chemical and commercial aircraft segment is expected to witness sound growth. North America is expected to remain as the dominate player in the industry. Precision Castparts Corp., VSMPO-AVISMA Corporation, Allegheny Technologies Incorporated, Baoji Titanium Industry Co., Ltd., and RTI International Metals, Inc. are some of the major suppliers of titanium mill products. The industry players are focusing on partnership and strategic alliances to meet the constantly changing demands of customers.


PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) will provide live Internet listening access to its conference call with investors and analysts scheduled for Tuesday, July 21, 2015 at 8:30 a.m. ET. The conference call will be conducted after the Company’s planned release of second quarter 2015 results. The conference call will be broadcast, and accompanying presentation slides will be available, at www.ATImetals.com. To access the broadcast, go to the home page and select “Conference Call”. Replay of the conference call will be available on the ATI website. Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in the world with revenues of approximately $4.4 billion for the 12 months ended March 31, 2015. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty materials 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. The ATI website is www.ATImetals.com.

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