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Exhibit
5.1
August
15, 2007
Board
of
Directors
Haynes
International, Inc.
1020
West
Park Avenue
Kokomo,
Indiana 46904-9013
Ladies
and Gentlemen:
We
have
acted as counsel to Haynes International, Inc., a Delaware corporation (the
"Company"), in connection with the filing of a Registration Statement on Form
S-8 (the "Registration Statement"), with the Securities and Exchange Commission
(the "Commission") for the purposes of registering under the Securities Act
of
1933, as amended (the "Securities Act"), 500,000 shares of the Company's
authorized but unissued common stock, par value $0.001 per share (the "Shares")
issuable upon exercise of options which may be granted under the Haynes
International, Inc. 2007 Stock Option Plan, as amended (the
"Plan").
In
connection therewith, we have investigated those questions of law as we have
deemed necessary or appropriate for purposes of this opinion. We have also
examined originals, or copies certified or otherwise identified to our
satisfaction, of those documents, corporate or other records, certificates
and
other papers that we deemed necessary to examine for purposes of this
opinion.
We
have
also relied, without investigation as to the accuracy thereof, on other
certificates of and oral and written communication from public officials and
officers of the Company. We have made such examination of the General
Corporation Law of the State of Delaware as we deemed relevant for purposes
of
this opinion, but we have not made a review of, and express no opinion
concerning, the laws of any jurisdiction other than the General Corporation
Law
of the State of Delaware.
For
purposes of this opinion, we have assumed (i) the genuineness of all signatures
of all parties other than the Company; (ii) the authenticity of all documents
submitted to us as originals and the conformity to authentic originals of all
documents submitted to us as certified or photostatic copies; (iii) that the
Consent will not be amended, altered or superseded prior to the issuance of
the
Shares; and (iv) that no changes will occur in the applicable law or the
pertinent facts prior to the issuance of the Shares.
Based
upon the foregoing and subject to the qualifications set forth in this letter,
we are of the opinion that the Shares are validly authorized and, when (a)
the
pertinent provisions of the Securities Act and all relevant state securities
laws have been complied with and (b) the Shares have been delivered against
payment therefor as contemplated by the Plan, the Shares will be legally issued,
fully paid and non-assessable.
We
hereby
consent to the filing of this opinion as an exhibit to the Registration
Statement. In giving this consent, we do not thereby admit that we come within
the category of persons whose consent is required under Section 7 of the
Securities Act or the rules and regulations of the Commission promulgated
thereunder.
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Very
truly yours,
/s/
Ice Miller LLP
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