Talley Metals Increases Stainless Bar Prices HARTSVILLE, S.C.--(BUSINESS WIRE)--July 22, 2004--Talley Metals, a
subsidiary of Carpenter Technology Corporation (NYSE:CRS), announced
today that it is increasing prices for all grades of stainless steel
round bars, hexagons and squares by 3 to 7 percent, effective with new
orders and shipments as of August 2.
Talley Metals said that it continues to experience increasing
costs for supplies, energy and other administrative costs and that
there is a need to recoup margins that have deteriorated over the last
several years due to the decline in market pricing.
Additionally, Talley will adjust its surcharge calculation by
increasing the premium over the LME price for nickel by $.05/lb. to
$.23/lb., effective August 2nd.
Talley Metals sells 300 and 400-series stainless steel bars, as
well as standard precipitation-hardening grades, to U.S. metals
distributors. Carpenter Technology, based in Wyomissing, Pa., is a
leading manufacturer and distributor of specialty alloys and various
engineered products. More information about Carpenter is available at
www.cartech.com, with selected products for sale at
CONTACT: Talley Metals
Jaime Vasquez, 610-208-2165
KEYWORD: SOUTH CAROLINA PENNSYLVANIA
INDUSTRY KEYWORD: MINING/METALS MANUFACTURING
SOURCE: Talley Metals