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EXHIBIT 99





FOR IMMEDIATE RELEASE                                 CONTACT:
- ---------------------                                 --------
June 30, 1995                                         Crystal L. Revak, 
Director                                              Investor Relations
                                                      (216) 544-7622


            RMI TITANIUM COMPANY ANNOUNCES SECOND QUARTER CHARGES
            -----------------------------------------------------

  Niles, Ohio - RMI Titanium Company (NYSE; RTI) announced today that it and
Permascand AB of Sweden have decided to discontinue the operation of Permipipe
Titanium AS, their joint venture welded titanium pipe operation in Norway.  The
facility was designed to produce high-quality welded pipe and related
components of titanium primarily for offshore Norwegian oil and gas projects.
RMI will serve this market from its other manufacturing facilities, and will
continue to focus its efforts on energy-related products and markets.  RMI
expects to recognize a noncash charge of approximately $1.9 million in the
second quarter of 1995, to provide for the disposition of its joint venture
investment.

  RMI is also considering an early adoption of  Financial  Accounting  Standard
No. 121.  The new standard, which must be adopted no later than the first
quarter of 1996, requires that certain long-lived and intangible assets be
written down to fair value whenever an impairment review indicates that the
carrying value cannot be recovered.  Although RMI has not completed its review
of the impact of adopting of FAS 121, it is expected that the most significant
effect will relate to certain intangible assets such as design and engineering
work for a titanium tetrachloride facility.  The  amount of such write-down is
estimated at approximately $5.0 million.

  Due to the sharp rise in the price of RMI's common stock in June 1995, the
Company also expects to record approximately $1.9 million in compensation
expense against second quarter 1995 results related to outstanding employee
stock appreciation rights (SARs).  Accounting standards require the Company to
recognize current compensation expense equivalent to the increase in the fair
market value of the shares of RMI stock which could be received upon exercise
of vested SARs.  There is no corresponding cash flow effect since any holder
who exercises an SAR receives the value due in new shares of the Company's
stock.

                                     (more)
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RMI Titanium Company
June 30, 1995
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  None of these anticipated charges involves a cash outlay by the Company.
Second quarter 1995 results from operations (excluding these charges), while
still expected to be a loss, should show improvement over the corresponding
1994 period and the first quarter of 1995.  This positive trend reflects the
continued strengthening of the Company's principal markets, as well as the
effect of its efforts to develop new products and markets.

  RMI Titanium Company, headquartered in Niles, Ohio, manufactures titanium
mill products, hot-formed and superplastically formed parts, and titanium
powder.  The Company's products are used for fabricated components in
commercial and military aircraft and engines, energy exploration and refining,
chemical processing equipment, pulp and paper production facilities, and
medical implants.

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