SOURCE: Equity Markets Inc

June 30, 2011 09:00 ET

Research Report on China Direct Industries, Inc. and Allegheny Technologies Inc. - Steeling the Spot Light

MACAU--(Marketwire - Jun 30, 2011) - Today, announced its research report highlighting China Direct Industries, Inc. (NASDAQ: CDII) and Allegheny Technologies Inc (NYSE: ATI). Full content and research is available at

A confident fundamental position for the steel and basic materials industry for the next 12 months is expected. In combination of rising GDP, a smaller decline in nonresidential construction, another rise in auto sales and some inventory accumulation by distributors this will trend to an increase in the volume of steel shipped and the average price per ton. Accordingly, the industry will return to the black on another rise in sales in 2011 is the promising outlook. In addition, with durable goods demand likely to climb again, it its thought the producers will be able to increase contract prices further in 2011. Together with higher spot prices, this should result in another increase in revenue per ton in 2011 following a cyclical rebound in 2010.

Equity Markets has reviewed China Direct Industries, Inc., as a company that manages a portfolio of Chinese entities and it has three business segments: Magnesium, Basic Materials and Consulting. The Magnesium segment produces, sells and distributes magnesium ingots, magnesium powders, granules, scraps, and magnesium alloys. The Basic Materials segment sells and distributes a variety of products, including industrial grade synthetic chemicals, steel products, non ferrous metals, recycled materials, and industrial commodities. The full research report on China Direct Industries, Inc. (NASDAQ: CDII) is available here:

Equity Markets is covering Allegheny Technologies Incorporated as a diversified specialty metals producer. The Company's products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings. ATI's specialty metals are produced in a range of alloys and product forms. The full research report on Allegheny Technologies Inc (NYSE: ATI) is available here:

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