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PITTSBURGH--(BUSINESS WIRE)--October 14, 2013--

Allegheny Technologies Incorporated (NYSE:ATI) today announced a restructuring of its Engineered Products segment and commented on third quarter 2013 business conditions.

ATI has restructured its Engineered Products segment as a result of the previously announced pending sale of its tungsten materials business, and the integration of the previously standalone specialty steel forgings business into ATI Ladish’s forgings operations. In addition, to improve operating efficiencies and reduce costs ATI has integrated its precision titanium and specialty alloy flat-rolled finishing business into ATI Allegheny Ludlum’s specialty plate business. As a result, effective with the reporting of the third quarter 2013 results, ATI will report the results of its tungsten materials business as discontinued operations; the specialty steel forgings business will be included in ATI’s High Performance Metals segment and the precision titanium and specialty alloy flat-rolled finishing business will be included in ATI’s Flat-Rolled Products segment.

http://online.wsj.com/article/PR-CO-20131014-904143.html