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$ATI 2Q15 Call: Some of the challenges that we faced in 2Q15 included, surge of low-priced imports of standard stainless products from China, created significant pressure on base selling prices. In addition, price of nickel fell resulting in drop raw material surcharges. Volume decreased 13% & sales were down by approx. 20%, both compared to 1Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.