ATI and NLMK Sign Carbon Steel Hot-Rolling Conversion Agreement

Pittsburgh, PA, October 18, 2018 – Allegheny Technologies Incorporated (NYSE: ATI) announced today it has signed an agreement to provide carbon steel hot-rolling conversion services for NLMK USA at ATI’s world-class Hot-Rolling and Processing Facility, or HRPF, located in Brackenridge, PA. Slab shipments to ATI will begin immediately and increase to anticipated production levels in the first quarter of 2019. This agreement covers conversion services through December 2019.

“We are pleased to announce this agreement with an innovative partner like NLMK USA. They truly understand the value proposition provided by our HRPF and the benefits that it can bring to their end customers,” said Bob Wetherbee, ATI’s CEO-Designate and current Executive Vice President, Flat Rolled Products Group. “This agreement provides ATI with guaranteed fee-per-ton volumes and significantly increases the asset utilization at our world-class HRPF. This incremental volume benefits all HRPF-produced products. We look forward to working with NLMK on additional growth opportunities.”

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.