Allegheny Technologies sees Q1, possibly 1H13, conditions remaining challenging

theflyonthewall.com

The company says "Although near-term global economic and U.S. fiscal policy uncertainties remain, we are cautiously optimistic that business conditions will gradually improve as we move through 2013. We believe conditions in the first quarter, and perhaps the first half, of 2013 are likely to remain challenging. Demand for ATI’s new products is expected to grow substantially as new technology airframe and jet engine deliveries increase. In addition, demand for jet engine spare parts is projected to begin to modestly improve, compared to the second half of 2012, as we move through 2013."

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