Allegheny Technologies Raising Prices on Nickel-Based Alloys and Specialty Alloys

Allegheny Technologies Incorporated (NYSE: ATI) today announced base-selling price increases for nickel-based alloys and specialty alloys effective with orders acknowledged on or after October 19, 2010:

ATI Allvac is increasing base-selling prices by 5% to 7% for nickel-based alloys and specialty alloys in long product forms.
ATI Allegheny Ludlum is increasing base-selling prices by 4% to 7% for certain nickel-based alloys and specialty alloys in sheet, plate, and Precision Rolled Strip® product forms.

These actions are necessary to support continued growth and investments in our business. All raw material surcharges remain in effect.

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 Allegheny Technologies' filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements.

Building the World’s Best Specialty Metals Company®

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of $3.1 billion during 2009. ATI has approximately 8,900 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, and forgings and castings. The Allegheny Technologies website is www.ATImetals.com.

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