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Katie Benchina Olsen

Katie Benchina Olsen
agmetalminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agmetalminer.com Daily Mail and Mail on Sunday newspapers.

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Stainless MMI: Tariff exclusion could lead to more capacity

Stainless MMI: Tariff exclusion could lead to more capacity
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Uncategorized Archives

Uncategorized Archives
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Maria Rosa Gobitz

Maria Rosa Gobitz
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ATI strike continues into seventh week as sides diverge on profit sharing

The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities. The union cited “unfair labor practices” in its announcement of the strike. Over six weeks later, the labor stoppage has yet to reach a conclusion. Meanwhile, late last month, ATI reported its first-quarter financial results. The firm reported a net loss of $7.9 million for the quarter, compared with a net loss of $1.1 billion in Q4 2020. In Q1 2020, the firm reported net income of $23.6 million.

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