Exhibit 99.1

                    Allegheny Technologies Updates
                           Earnings Outlook


    PITTSBURGH--(BUSINESS WIRE)--Oct. 11, 2007--Allegheny Technologies
Incorporated (NYSE:ATI) said today that it expects full-year 2007
earnings per share to be in the range of $7.00 to $7.25 per diluted
share, a 25% to 29% growth in earnings per share compared to 2006.
This outlook anticipates lower second half 2007 earnings than
previously expected. Softness in demand for standard stainless sheet
is continuing because of higher inventories at certain mills and
depots and volatile raw material costs. In addition, a significant
reduction in raw material surcharges and indexes is expected from the
rapid decline in the cost of nickel, nickel-bearing scrap, and
titanium scrap. The Company's LIFO inventory accounting method
mitigates some, but not all, of the impact of rapidly falling raw
material costs.

    "ATI expects 2007 to be a record year for sales, earnings, and
cash flow from operating activities," said L. Patrick Hassey,
Chairman, President and Chief Executive Officer. "Our long-term
profitable growth outlook remains intact. We believe ATI remains very
well-positioned to achieve strong earnings growth in 2008 and beyond
from the global markets that have been driving our profitable growth
over the last several years. We see continuing growth in demand for
our high-value products from the global aerospace and defense,
chemical process industry, oil and gas, and electrical energy markets.
Shipments under long-term agreements in these markets should continue
to grow over the next several years. We do not anticipate a
significant impact from the recently announced delay in the Boeing 787
Dreamliner schedule.

    "The softness in demand for standard stainless sheet appears to be
bottoming out and inventory levels at distributors are low by historic
measures. Demand for these products should begin to improve in early
2008 once the high inventories at stainless mills and depots are
reduced.

    "Our self-funded strategic growth capital projects remain on
track. Cash flow from operations remains strong. Cash on hand at the
end of the third quarter 2007 is expected to be over $660 million, an
increase of over $130 million compared to the previous quarter. We
believe our strong cash position provides additional opportunities to
enhance shareholder value."

    ATI expects third quarter 2007 earnings to be in the range of
$1.85 to $1.88 per diluted share. Compared to the third quarter, the
Company expects the fourth quarter to be further impacted by
continuing low operating volumes in its Flat-Rolled Products segment
and lower LIFO inventory reserve reversals. This outlook could be
changed if the current costs of raw materials change significantly.

    ATI is scheduled to release third quarter 2007 earnings results
before the market opens on Wednesday, October 24, 2007. ATI will
provide live Internet listening access to its conference call with
investors and analysts on the same day at 1 p.m. ET. The conference
call will be broadcast at www.alleghenytechnologies.com. To access the
broadcast, go to the home page and select "Conference Call". In
addition, the conference call will be broadcast through CCBN.com.

    This news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Certain statements in this news release relate to future events and
expectations and, as such, constitute forward-looking statements.
Forward-looking statements include those containing such words as
"anticipates," "believes," "estimates," "expects," "would," "should,"
"will," "will likely result," "forecast," "outlook," "projects," and
similar expressions. Forward-looking statements are based on
management's current expectations and include known and unknown risks,
uncertainties and other factors, many of which we are unable to
predict or control, that may cause our actual results, performance or
achievements to materially differ from those expressed or implied in
the forward-looking statements. Important factors that could cause
actual results to differ materially from those in the forward-looking
statements include: (a) material adverse changes in economic or
industry conditions generally, including global supply and demand
conditions and prices for our specialty metals; (b) material adverse
changes in the markets we serve, including the aerospace and defense,
construction and mining, automotive, electrical energy, chemical
process industry, oil and gas, and other markets; (c) our inability to
achieve the level of cost savings, productivity improvements,
synergies, growth or other benefits anticipated by management,
including those anticipated from strategic investments and the
integration of acquired businesses, whether due to significant
increases in energy, raw materials or employee benefits costs, the
possibility of project cost overruns or unanticipated costs and
expenses, or other factors; (d) volatility of prices and availability
of supply of the raw materials that are critical to the manufacture of
our products; (e) declines in the value of our defined benefit pension
plan assets or unfavorable changes in laws or regulations that govern
pension plan funding; (f) significant legal proceedings or
investigations adverse to us; and (g) other risk factors summarized in
our Annual Report on Form 10-K for the year ended December 31, 2006,
and in other reports filed with the Securities and Exchange
Commission. We assume no duty to update our forward-looking
statements.

    Building the World's Best Specialty Metals Company(TM)

    Allegheny Technologies Incorporated is one of the largest and most
diversified specialty metals producers in the world with revenues of
$5.5 billion during the most recent four quarters ending June 30,
2007. ATI has approximately 9,500 full-time employees world-wide who
use innovative technologies to offer growing global markets a wide
range of specialty metals solutions. Our major markets are aerospace
and defense, chemical process industry/oil and gas, electrical energy,
medical, automotive, food equipment and appliance, machine and cutting
tools, and construction and mining. Our products include titanium and
titanium alloys, nickel-based alloys and superalloys, stainless and
specialty steels, zirconium, hafnium, and niobium, tungsten materials,
grain-oriented silicon electrical steel and tool steels, and forgings
and castings. The Allegheny Technologies website is
www.alleghenytechnologies.com.


    CONTACT: Allegheny Technologies Incorporated
             Dan L. Greenfield, 412-394-3004