Ati Nlmk Agreement

“NLMK USA is pleased to be able to conclude this agreement with ATI. It expands our ability to provide the high quality materials that U.S. manufacturers require. With its impressive performance and unique capabilities, ATI HRPF expands the breadth of our product portfolio to better complement product products produced at our Sharon, PA and Portage, IN sites,” said Bob Miller, Chief Executive Officer of NLMK USA. “We were attracted by the skills of the RHPF and the proximity of many strategic clients. ATI and NLMK were able to structure a win-win agreement that will ultimately benefit NLMK`s end customers by offering high-quality, distinctive flat carbon rolling products at competitive prices. PITTSBURGH–(BUSINESS WIRE)-Allegheny Technologies Incorporated (NYSE: ATI) announced today that it has signed another year-long agreement to expand and expand the Co2 hot rolling redevelopment for NLMK USA in its high-quality hot rolling and processing (HRPF) equipment in Braridgeridgecken, PA. Continuing this relationship is an important part of ATI`s efforts to achieve improved and sustainable profitability in the flat-roll segment. Tumazos said he didn`t know where NLMK USA will come from. He said negotiations on the agreement began before tariffs fell. According to ATI, Slab deliveries to the AtI Rolling and Hot Processing Plant (HRPF) in Brackenridge, Pennsylvania, are expected to begin immediately and reach expected production levels in the first quarter of 2019. The agreement covers conversion services until December 2019. NLMK USA is one of the leading steel companies in the United States.

With production facilities in NLMK Indiana, NLMK Pennsylvania and Sharon Coating (NLMK Pennsylvania, galvanization plant), NLMK USA produces flat rolled steel, essential for modern manufacturing. The company supplies high-quality steel coils for the construction, automotive, pipe and high-quality steel industry in the United States. Learn more about Allegheny Technologies announced Thursday that it has signed an agreement with NLMK USA to process its steel at the AtI hot mill in Harrison. No annual tonnage target has been announced for the agreement. HOWEVER, NLMK has already completed several thousand tons of validation and product development tests and expects them to build on this success and fare, according to Jim Banker, executive vice president of NLMK USA. “This agreement provides ATI with a guaranteed royalty per tonne of volume and significantly increases the utilization rate of our first-class HRPF assets. This incremental volume benefits all HRPF products,” adds Bob Wetherbee, CEO-designate and current Executive VP of ATI. Houston – NLMK USA has signed a toll treatment agreement with Allegheny Technologies Inc. to convert carbon-rolled steel plates into hot-rolled rollers, as companies announced Thursday.

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