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Exhibit
99.1
NEWS RELEASE
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FOR
IMMEDIATE RELEASE
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Contact:
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Marcel
Martin
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Vice
President - Finance and Chief Financial Officer
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Haynes
International, Inc.
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765-456-6129
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HAYNES INTERNATIONAL, INC. ANNOUCES USW FAILS TO RATIFY
AGREEMENT
KOKOMO,
IN, June 12, 2007 - Haynes International, Inc. (Nasdaq: HAYN)
announced today that the tentative collective bargaining
agreement between the Company and the United Steelworkers
Local 2958 (USW) was not ratified by the membership of the
USW. The Company and the USW intend to execute an agreement to
extend the current labor agreement, which expired at midnight
on June 11, 2007. The 514 employees at the Company's Kokomo,
Indiana plant and the Lebanon, Indiana service center will
continue to work under the extended agreement, which will
expire on June 30, 2007. The Company and the USW plan to
return to the negotiating table
the
week of June 18, 2007 to resolve any outstanding issues. Francis J.
Petro, President and Chief Executive Officer of the Company, said,
"The USW and our negotiating team worked very hard to reach an
agreement and have engaged in a very active negotiation process.
Although we are disappointed, we have every intention and belief
that these issues will be resolved satisfactorily."
About Haynes International
Haynes
International, Inc. is a leading developer, manufacturer and
marketer of technologically advanced, high-performance alloys,
primarily for use in the aerospace and chemical processing
industries.
Cautionary Note Regarding Forward-Looking
Statements
This
news release may contain forward-looking statements within the
meaning of the safe harbor provi
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