


                                                  EXHIBIT 10




                                 EXTENSION AGREEMENT


               THIS EXTENSION AGREEMENT dated as of June 30, 1996, by and
          among ALLEGHENY LUDLUM CORPORATION, a Pennsylvania corporation
          (the "Borrower"), PNC BANK, NATIONAL ASSOCIATION, BANK OF AMERICA
          ILLINOIS, MELLON BANK, N.A., THE CHASE MANHATTAN BANK (NATIONAL
          ASSOCIATION) and NATIONAL CITY BANK, PENNSYLVANIA as successor to
          INTEGRA BANK (the "Lenders") and PNC BANK, NATIONAL ASSOCIATION,
          as agent for the Lenders (in such capacity (the "Agent").

               WHEREAS, the Borrower has requested and the Required Lenders
          have agreed, all pursuant to Section 2.7 of the Credit Agreement
          by and among the Borrower, the Lenders and the Agent (the
          "Agreement"), to extend the Termination Date.

               WHEREAS, the Borrower, the Lenders and the Agent desire to
          recognize that National City Bank, Pennsylvania is successor to
          Integra Bank.

               NOW, THEREFORE, the parties hereto agree as follows:

                    1.   EXTENSION OF TERMINATION DATE.  The Termination
                         Date is hereby extended from June 30, 1998 to June
                         30, 1999.

                    2.   NATIONAL CITY BANK.  On and after the date hereof
                         all references to Integra Bank in each of the Loan
                         Documents shall be deemed to be references to
                         National City Bank, Pennsylvania.

                    3.   INCLUSION OF DEFINED TERMS.  All terms defined in
                         the Agreement shall have the same meanings herein
                         as in the Agreement.

               WITNESS the due execution hereof with intent to be legally
          bound hereby.

          ALLEGHENY LUDLUM                   PNC BANK, NATIONAL          
          CORPORATION, a Pennsylvania        ASSOCIATION as a Lender     
          corporation                        and as Agent                


          By:   /s/Robert S. Park            By:    /s/Lawrence W. Jacobs   
               -----------------                  -----------------------   
          Name: Robert S. Park               Name:  Lawrence W. Jacobs
               -----------------                  -----------------------
          Title:Vice President-Treasurer     Title: Vice President
               --------------------------          ----------------------
















          BANK OF AMERICA, ILLINOIS          MELLON BANK, N.A.


          By:   /s/Sandra S. Ober            By:   /s/Martin Hanning
               ------------------                 --------------------
          Name: Sandra S. Ober               Name: Martin Hanning
               ------------------                 --------------------
          Title: Vice President              Title:Vice President
                -----------------                  -------------------

          THE CHASE MANHATTAN BANK           NATIONAL CITY BANK,         
          (National Association)             PENNSYLVANIA                


          By:   /s/James H. Ramage           By:   /s/William S. Harris
               -------------------                ---------------------
          Name: James H. Ramage              Name: William S. Harris
               -------------------                ---------------------
          Title:Vice President               Title:Vice President
               -------------------                ---------------------









































