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ATI to close stainless steel operation by end-2021

1 Feb 2021 17:30 reported by Alex Lo

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Allegheny Technologies Incorporated (ATI) previously planned to close its stainless steel business in the middle of this year, but recently the plan will be postponed to the end of this year.

However, ATI is downsizing its business gradually. At present, ATI has already closed 2 processing facilities, and the other 3 facilities will be closed in the next half year.

Besides, ATI will invest US$65 million to 80 million to upgrade the special processing ability for its plant in Vandergrift, Pennsylvania.

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