Allegheny Ludlum is increasing prices for hot- and cold-rolled stainless steel sheet, strip and continuous mill plate products by approximately 3%. The price increase is effective with shipments on March 17, 2003 and applies to all service centre and direct mill customers. Allegheny Ludlum’s current raw material surcharge formula remains in effect. In addition, Allegheny Ludlum is implementing a 5% fuel surcharge, which will be applied to all freight bills for all products. The fuel surcharge will be calculated based upon Allegheny Ludlum’s total freight expense. This surcharge is being administered to recover carrier surcharges, assessed to Allegheny Ludlum on all shipments.