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Allegheny Technologies Inc.

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Annual earnings estimates for Allegheny have been increasing lately. Allegheny is expected to benefit from strong performance in the HPMC division and efforts to improve cost structure with its gross cost-reduction initiatives. Higher demand in the aerospace market should drive revenues in the HPMC unit. The HRPF facility is also likely to boost capabilities of the FRP division. The company is also well placed to gain from its joint venture with Tsingshan.

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