WYOMISSING, Pa.--(BUSINESS WIRE)--Feb. 24, 2012--
Talley Metals Technology Inc. today announced that it will increase base
prices by approximately 5% on all premium bar products. The increase
will be effective on all shipments beginning on Monday, April 2, 2012.
Current monthly surcharges will remain in effect.
Talley Metals, a wholly owned subsidiary of Carpenter Technology
Corporation (NYSE:CRS), produces and distributes stainless steel bar and
wire. Information about Talley Metals can be found on www.cartech.com.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other factors
that could cause actual results to differ from those projected,
anticipated or implied. The most significant of these uncertainties are
described in Carpenter's filings with the Securities and Exchange
Commission including its annual report on Form 10-K for the year ended
June 30, 2011 and the quarterly reports on Form 10-Q for the quarters
ended September 30, 2011, December 31, 2011 and the exhibits attached to
those filings. They include, but are not limited to, statements
regarding announced base price increases. Carpenter undertakes no
obligation to update or revise any forward-looking statements.
Source: Talley Metals Technology Inc.
Talley Metals Technology Inc.
Rudolph, Jr., 610-208-3892
Michael A. Hajost, 610-208-3476