EXHIBIT 99.1
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                           Contact: Dan L. Greenfield
                                  412- 394-3004


                Allegheny Technologies Reduces Quarterly Dividend

Pittsburgh, PA, November 14, 2002- Allegheny Technologies Incorporated (NYSE:
ATI) today announced that its board of directors approved a reduction in the
quarterly dividend paid on shares of the Company's common stock from $0.20 per
share to $0.06 per share. The new dividend rate is effective for the quarterly
dividend payable on December 10, 2002 to stockholders of record at the close of
business November 25, 2002. The new dividend rate is expected to generate an
annual cash flow benefit of approximately $45 million, compared to the previous
annual dividend rate.

"This Company has a long history of paying a cash dividend since our board
believes a dividend is an important element in providing a return to our
stockholders," said Bob Bozzone, Allegheny Technologies' chairman. "However, our
board has concluded that a dividend reduction at this time is financially
prudent given the challenging economic conditions in both the U.S. and globally.
The annual cash savings of $45 million provides us with additional liquidity to
make the strategic investments necessary to maintain and improve Allegheny
Technologies' leading position in the global markets we serve."

Jim Murdy, Allegheny Technologies' president and chief executive officer said,
"We recognize the importance of conserving cash and strengthening our financial
flexibility in these uncertain economic times. We have worked effectively to cut
costs and reduce working capital, particularly over the last two years, and our
focus on these important initiatives will continue. The board made its decision
to pay the new dividend on the basis of our continuing success in generating
free cash flow. We are optimistic about our long-term opportunities but cautious
about the short-term outlook for many of our major end-use markets."

Allegheny Technologies Incorporated (NYSE: ATI) is one of the largest and most
diversified specialty materials producers in the world with revenues of
approximately $2.1 billion in 2001. The Company has approximately 10,000
employees worldwide and its talented people use innovative technologies to offer
growing global markets a wide range of specialty materials. High-value products
include nickel-based and cobalt-based alloys and superalloys, titanium and
titanium alloys, specialty steels, super stainless steel, exotic alloys, which
include zirconium, hafnium and niobium, tungsten materials, and highly
engineered strip and Precision Rolled Strip(R) products. In addition, we produce
commodity specialty materials such as stainless steel sheet and plate, silicon
and tool steels, and forgings and castings. The Allegheny Technologies website
can be found at www.alleghenytechnologies.com.


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