Market Overview

ATI and NLMK Sign Carbon Steel Hot-Rolling Conversion Agreement


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."

"NLMK USA is pleased to enter into this agreement with ATI. It expands
our ability to supply the high-quality materials that US manufacturers
demand. Due to its immense power and unique capabilities, ATI's HRPF
enables us to increase the breadth of our product portfolio to better
complement the products produced at our Sharon, PA and Portage, IN
facilities," stated Bob Miller, Chief Executive Officer, NLMK USA. "We
were attracted to the HRPF's capabilities and its close proximity to
many of our strategic customers. ATI and NLMK were able to structure a
win-win agreement that will ultimately benefit NLMK's end customers by
providing high-quality and distinctive carbon flat-rolled products at
competitive prices."

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.


NLMK USA is one of the leading steel companies in the United States.
With production sites at NLMK Indiana, NLMK Pennsylvania and Sharon
Coating (NLMK Pennsylvania's galvanizing operations), NLMK USA produces
flat rolled steel that is essential to modern manufacturing. NLMK USA
supplies high quality steel coils to the construction, automotive, pipe
and tube, and heavy equipment industries in the United States.

Creating Value Thru Relentless Innovation™

ATI is a global manufacturer of technically advanced specialty materials
and complex components. With revenue of $3.8 billion for the
twelve-month period ending June 30, 2018, our largest market is
aerospace & defense, particularly jet engines. We also have a strong
presence in the oil & gas, electrical energy, medical, automotive, and
other industrial markets. ATI is a market leader in manufacturing
differentiated specialty alloys and forgings that require our unique
manufacturing and precision machining capabilities and our innovative
new product development competence. We are a leader in producing powders
for use in next-generation jet engine forgings and 3D-printed aerospace

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