AMPCO PITTSBURGH CORP

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment for industrial use globally. The company operates in two business segments: the Forged and Cast Engineered Products (FCEP) segment and the Air and Liquid Processing (ALP) segment. This structure reflects how the company's leadership evaluates financial performance and makes strategic decisions. On October 14, 2025, Union Electric Steel UK Limited (UES-UK), an indirect wholly owned subsidiary, entered administration, with insolvency practitioners appointed to manage its affairs. This action was limited to UES-UK and did not impact Ampco-Pittsburgh Corporation or its other subsidiaries. The administrators proposed an orderly wind-down of UES-UK's financial affairs and asset sales. Additionally, in 2025, the company closed its non-core steel distribution facility in Ohio, previously owned by Alloys Unlimited and Processing, LLC (AUP). In December 2025, AUP merged into Union Electric Steel Corporation, a direct wholly owned subsidiary. Within the FCEP segment, global steel manufacturing capacity continues to exceed global consumption, resulting in soft but stable demand for steel.