ATI and Tsingshan form stainless steel joint venture

ATI and an affiliate of Tsingshan Group have reached a definitive agreement to form a 50-50 joint venture to manufacture and sell 60-inch wide stainless sheet in North America. The JV will restart the DRAP finishing facility in Midland, PA, adding 100 jobs. First shipments are expected in early 2018.

“Allegheny Technologies Incorporated today announced that it has reached a definitive agreement to form an innovative 50-50 joint venture with an affiliate company of Tsingshan Group.”ir.atimaterials.com

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• ir.atimaterials.comATI | ATI and Tsingshan to Form Innovative Stainless Steel Joint VentureNov 2, 2017

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