Department of Commerce finding positive for RMI Titanium Company

Business Wire, July 26, 1996

NILES, Ohio--(BUSINESS WIRE)--July 26, 1996--RMI Titanium Company (NYSE; RTI) announced today that the Department of Commerce has released its preliminary findings in a review undertaken at the request of RMI and others regarding an existing anti-dumping order on titanium sponge from Russia. The Department has determined that dumping did not occur on sales made by Interlink, a major trading company for Russian-produced titanium sponge, during the review period. A final report will be issued later this year.

RMI purchases nearly all of its Russian titanium sponge through Interlink. These purchases currently carry an 84% dumping duty. The no-dumping finding, if made final, will eliminate this duty.

L. Frederick Gieg, Jr., President and Chief Executive Officer, commented that "the finding is clearly positive for purchasers of titanium sponge, and no one buys more than RMI. This would remove a major impediment to bringing needed Russian sponge into the U.S. market at a fair price."

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, medical implants and consumer goods.

CONTACT: RMI Titanium Company, Niles

Crystal L. Revak, Director, Investor Relations,

330/544-7622