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Business Description
Allegheny Technologies Incorporated is a diversified specialty materials producer. The Company uses technologies to offer growing global markets a wide range of specialty materials, including super stainless steel, nickel-based and cobalt-based alloys and super alloys, titanium and titanium alloys, specialty steels, tungsten materials, exotic alloys (which include zirconium), hafnium and niobium and highly engineered strip and Precision Rolled Strip products. In addition, Allegheny Technologies produces commodity specialty materials such as stainless steel sheet and plate, silicon electrical and tool steels and forgings and castings. The Company operates in three business segments: Flat-Rolled Products, High Performance Metals and Industrial Products.

Financial Information
Allegheny Technologies, Inc. provides specialty materials, including stainless steel, nickel and cobalt based alloys and superalloys as well as precision forgings and large grey dectile iron castings. For the six months ended 6/30/02, revenues fell 10% to $984.3 million. Net loss totaled $18.6 million vs. an income of $12.6 million. Results reflect weak demand and lower prices for stainless steel, along with higher S/G/A costs.