July 22, 1999

FOR IMMEDIATE RELEASE July 22, 1999

CONTACT:

Richard E. Leone
Manager Investor Relations
330.544.7622

RTI INTERNATIONAL ANNOUNCES SECOND QUARTER RESULTS

Niles, Ohio — RTI International Metals, Inc., (NYSE: RTI) released results today for the second quarter 1999.

Net income for the quarter was $0.2 million, or $0.01 per share, on sales of $59 million. The results for the comparable 1998 period, excluding non-recurring income tax benefits, were a net income of $14.4 million, or $0.70 per share, on sales of $96 million. Adjustments to deferred tax assets added $16.1 million or $0.78 per share to 1998’s results for a net income of $30.4 million and $1.48 per share, respectively.

Mill product shipments for the quarter at the Company’s RMI Titanium Company subsidiary totaled 2.1 million pounds at an average price of $16.18 per pound. Shipments and financial results for the quarter were negatively impacted by the effects of a twenty-eight week strike at RMI and continuing softness in the Company’s primary markets. The strike by the United Steelworkers Union at RMI’s Niles, Ohio plant ended in April. Reduced future build rates, as well as excess inventories in the commercial aircraft industry supply chain, have reduced demand for certain titanium mill products.

Commenting on the quarter, Robert M. Hernandez, Chairman, noted, "Striking workers began returning to the job on April 19^th. Our first priorities were training and requalification of workers and needed maintenance to the facility. So, while operating expenses increased, we did not return to significant production levels until early May. As a consequence, shipments in the second quarter were lower than the prior two quarters when we were on strike. Our people worked very hard in May and June to remain profitable this quarter. Operations are returning to normal now, but conditions in our aerospace markets will challenge us for the balance of 1999."

RTI International Metals, Inc., headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products, and extruded shapes, as well as engineered systems for energy-related markets. The Company’s products are used for aerospace, industrial and consumer applications.

NOTE: RTI International Metals, Inc. has scheduled a conference call for Tuesday, July 27, at 11:30 a.m., Eastern Daylight Savings Time, to discuss this press release. John H. Odle, Executive Vice President, and Timothy G. Rupert, Executive Vice President and Chief Financial Officer, will represent RTI. To participate in the call, please dial toll free (877) 209-9923 a few minutes prior to the start time and specify the RTI International Metals, Inc. Conference Call. Replay of the call will be available until midnight, Eastern Daylight Savings Time, on Friday, July 30, 1999, by dialing (800) 475-6701, Access Code 462267.

RTI INTERNATIONAL METALS, INC.

CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited)

(Dollars in thousands, except per share data)

QUARTER SIX MONTHS

ENDED JUNE 30, ENDED JUNE 30,

	1999	1998	1999	1998

Sales	$ 59,186	$ 96,542	$126,636	$185,581
Cost of sales	51,413	72,364	105,525	135,885
Gross profit	7,773	24,178	21,111	49,696
Selling, general and
administrative
expenses	6,280	3,810	12,299	7,816
Research, technical and
product development
expenses	1,046	974	2,074	1,821
Operating income	447	19,394	6,738	40,059

Other income - net	344	881	676	1,423
Interest expense	(487)	(3)	(1,170)	(57)
Income before
income taxes	304	20,272	6,244	41,425
Provision (credit) for
income taxes	100	(10,138)	2,298	(4,038)

Net income	$ 204	$ 30,410	$ 3,946	$ 45,463

Net income per
common share:

Basic	$ 0.01	$ 1.48	$ 0.19	$ 2.22

Diluted	$ 0.01	$ 1.47	$ 0.19	$ 2.20

Weighted Average Shares
(in millions):

Basic	20.8	20.5	20.8	20.5

Diluted	20.9	20.6	20.8	20.6

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