Titanium price hikes

Allvac, an Allegheny Technologies Incorporated company, has announced price increases
ranging from 5% to 12% on titanium and titanium alloy mill products, effective immediately. The increase will vary by product, with ingot and rotor/premium quality mill products receiving the largest increases. Allvac will continue its use of raw material indices to reflect changes in the market for raw materials. These price increases are being implemented to provide for continued capital investments for technology and growth. – Meanwhile Dynamet Inc., a subsidiary of Carpenter Technology Corp., has increased book prices on most of its titanium alloys by 8% to 14%, effective immediately on new orders. Increased demand for titanium alloys has resulted in higher raw material costs, capacity constraints and extended lead times, Smith said. Dynamet is implementing the price increases to offset those higher raw material costs, as well as increased energy and other operating costs.

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