ATI and NLMK Expand Carbon Steel Hot-Rolling Conversion Agreement

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Allegheny Technologies Incorporated announced that it signed another 1 year agreement to extend and expand carbon steel hot-rolling conversion services for NLMK USA at its world-class Hot-Rolling and Processing Facility located in Brackenridge, PA. The continuation of this relationship is an important element of ATI’s drive to achieve improved and sustainable profitability in its Flat Rolled Products segment.

ATI expects 2020 volumes covered under this agreement to meaningfully increase over 2019 levels. This agreement includes significant guaranteed volumes and fixed fee-per-ton revenues. It provides NLMK USA with continued access to the HRPF’s capabilities for conversion of their broad range of carbon steel grades through December 2020.

Source : Strategic Research Institute, SteelGuru