RTI hurt by slowdown in titanium market

RTI International Metals posted a net loss of $57.3 million in the fourth quarter, compared with earnings of $3.6 million in the same quarter of 2008.

For the full year, the company lost $67.2, compared with earnings of $55.7 million in 2008.

RTI, which is based near Pittsburgh but has a titanium mill and offices in Weathersfield Township, said it has been hurt by a slowdown in the titanium market. The commercial aerospace industry has a buildup of inventory because of delays to the launch of the Boeing 787 and the global recession, the company said.

For the complete story, see Friday’s Vindicator or www.vindy.com.