ATI (ATI) FWP Free writing prospectus

Filed Pursuant to Rule 433
Registration Statement No. 333-159479

Pricing Term Sheet

Allegheny Technologies Incorporated

$350,000,000

9.375% Senior Notes due 2019

This term sheet to the preliminary prospectus supplement dated May 26, 2009 should be read together with the preliminary prospectus supplement before making a decision in connection with an investment in the securities. The information in this term sheet supersedes the information contained in the preliminary prospectus supplement to the extent that it is inconsistent therewith. Terms used but not defined herein have the meaning ascribed to them in the preliminary prospectus supplement.

Issuer:	Allegheny Technologies Incorporated
Security:	9.375% Senior Notes due 2019
Principal Amount:	$350,000,000
Trade Date:	May 27, 2009
Settlement Date:	June 1, 2009 (T+3)
Maturity:	June 1, 2019
Coupon:	9.375%
Public Offering Price:	99.204%
Yield to Maturity:	9.500%
Benchmark Treasury:	3.125% due May 15, 2019
Benchmark Treasury Price:	95-04
Benchmark Treasury Yield:	3.715%
Spread to Benchmark Treasury:	+578.5 bps
Interest payment dates:	June 1 and December 1, commencing December 1, 2009
Net Proceeds to Issuer (before expenses):	$344,939,000
Optional Redemption:	Greater of par and make whole at Treasury plus 50 basis points, plus accrued and unpaid interest to the date of redemption

Change of Control:	After a “Change of Control Repurchase Event”, the Company will offer to repurchase notes at a price equal to 101% of principal amount, plus accrued and unpaid interest.
Denominations:	$2,000 and integral multiples of $1,000 in excess thereof
CUSIP/ISIN:	01741R AC6 / US01741RAC60
Joint Book-Running Managers:	Citigroup Global Markets Inc.
	J.P. Morgan Securities Inc.
Joint Lead Manager:	Banc of America Securities LLC
Co-Managers:	PNC Capital Markets LLC
	BNY Mellon Capital Markets, LLC
	Credit Suisse Securities (USA) LLC
	Mitsubishi UFJ Securities (USA), Inc.
	Morgan Stanley & Co. Incorporated
	Wachovia Capital Markets, LLC

We have filed a registration statement (including a preliminary prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement included in that registration statement and other documents we have filed with the SEC for more complete information about us and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, we or the underwriters will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or J.P. Morgan Securities Inc. collect at 212-834-4533.