8-KOther Events

ATI INC 8-K Report (May 3, 2002)

Filed May 3, 2002For Securities:ATI

Summary

Allegheny Technologies Incorporated (ATI) filed an 8-K on May 3, 2002, primarily to disclose volume and average price data for its Flat-Rolled Products segment for the quarters and full years of 2001 and 2000. This filing provides investors with key operational metrics that influence revenue and profitability within this significant business segment. The data reveals a notable decline in both volume and average selling prices for commodity products in 2001 compared to 2000, while high-value product volumes also decreased, though average prices remained relatively stable. The information presented is crucial for understanding the top-line performance trends of ATI's Flat-Rolled Products. Investors should note the significant year-over-year drop in commodity volumes and prices in 2001, which likely impacted overall financial results. The relatively resilient pricing for high-value products, despite a dip in volume, might indicate a stronger market position or different market dynamics for these specialized materials.

Key Highlights

  • 1ATI reported volume and average price data for its Flat-Rolled Products segment for 2001 and 2000.
  • 2Total finished tons for the Flat-Rolled Products segment decreased from 608,601 tons in 2000 to 498,066 tons in 2001.
  • 3Commodity product volumes dropped significantly, from 460,940 tons in 2000 to 367,894 tons in 2001.
  • 4High Value product volumes also declined, from 147,661 tons in 2000 to 130,172 tons in 2001.
  • 5Average selling prices for commodity products saw a decrease in 2001, falling to $1,527 per ton from $1,819 per ton in 2000.
  • 6Average prices for High Value products remained relatively stable, with a slight decrease from $4,025 per ton in 2000 to $3,956 per ton in 2001.
  • 7The filing indicates a challenging market environment for commodity flat-rolled products in 2001, reflected in both lower volumes and prices.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with specific operational and pricing data for ATI's Flat-Rolled Products segment, covering the periods of 2001 and 2000. This information is released as part of the company's regular reporting to keep stakeholders informed about key business segment performance.

Total volume of finished tons sold in the Flat-Rolled Products segment decreased from 608,601 tons in 2000 to 498,066 tons in 2001. Both commodity product volume (down from 460,940 to 367,894 tons) and high-value product volume (down from 147,661 to 130,172 tons) experienced declines.

Average selling prices for commodity products significantly decreased in 2001, falling to $1,527 per ton from $1,819 per ton in 2000. In contrast, the average selling prices for high-value products remained more stable, decreasing only slightly from $4,025 per ton in 2000 to $3,956 per ton in 2001.

The data suggests that ATI faced a more difficult market in 2001, particularly for its commodity flat-rolled products. The combination of lower sales volumes and reduced average selling prices for these products indicates potential pricing pressures or decreased demand in that segment of the market.