Exhibit 12.1

Allegheny Technologies Incorporated

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

 

     Three
Months
Ended
3/31/2012
 

Income before income tax provision and cumulative effect of change in accounting principle

   $ 84.1  

(Income) loss recognized on less than fifty percent owned persons

     (2.2

Noncontrolling interest in the income of subsidiary with fixed charges

     (2.1
  

 

 

 
   $ 79.8  

Fixed Charges:

  

Interest expense

   $ 19.2  

Portion of rents deemed to be interest

     2.3  

Capitalized interest

     4.5  

Amortization of debt expense

     0.8  
  

 

 

 

Fixed charges excluding capitalized interest

     26.8  

Earnings adjustments:

  

Capitalized interest

     (4.5
  

 

 

 

Earnings, as adjusted

   $ 102.1  
  

 

 

 

Ratio of earnings to fixed charges

     3.8