Allegheny Technologies Inc is a Delaware corporation founded in 1901. The Company along with its subsidiaries is a specialty metals producer. Its products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and grey and ductile iron castings. Its specialty metals are produced in a range of alloys and product forms and are selected for use in applications that demand metals having exceptional hardness, toughness, strength, resistance to heat, corrosion or abrasion, or a combination of these characteristics. The two business segments of the Company are High Performance Metals and Flat-Rolled Products. Its High Performance Metals segment produces, converts and distributes variety of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys including hafnium and niobium, advanced powder alloys and other specialty metals, in long product forms such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings and castings, and machined parts. These products are designed as per the requirements of end markets including aerospace and defense, oil and gas/ chemical process industry, electrical energy, and medical. The end markets served by its High Performance Metals segment include aerospace and defense, oil and gas, chemical process industry, electrical energy, and medical. The business units in this segment include ATI Specialty Materials, ATI Specialty Alloys and Components, ATI Forged Products, ATI Cast Products and ATI Flowform Products. Its Flat-Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a variety of product forms including plate, sheet, engineered strip, and Precision Rolled Strip products, as well as grain-oriented electrical steel. The end markets for its flat-rolled products are oil and gas/ chemical process industry, electrical energy, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense. The operations in this segment are ATI Allegheny Ludlum, and the Chinese joint venture company known as Shanghai STAL Precision Stainless Steel Company Limited or STAL. The raw materials it uses in the production of its specialty metals are scrap including iron-, nickel-, chromium-, titanium-, and molybdenum-bearing scrap, nickel, titanium sponge, zirconium sand and sponge, ferrochromium, ferrosilicon, molybdenum and molybdenum alloys, manganese and manganese alloys, cobalt, niobium, vanadium and other alloying materials. The Company faces competition from both domestic and foreign companies. The Company is subject to various domestic and international environmental laws and regulations that govern the discharge of pollutants, and disposal of wastes.