Carpenter Technology Raises Prices on Stainless Steels, Premium-Melted Specialty Alloys WYOMISSING, Pa.--(BUSINESS WIRE)--May 27, 2004--The Specialty
Alloys Operations unit of Carpenter Technology Corp. (NYSE:CRS) has
announced that it will increase base prices 3-10 percent on stainless
steel bar, rod and wire products, effective with June 1 shipments.
Carpenter also will increase base prices 5-10 percent on its
Carpenter also said that it has begun including manganese in its
raw material surcharge mechanism for specialty alloy products.
Carpenter said that the price increases are intended to partially
offset the price erosion that has occurred over the last few years and
to offset higher energy, supply and freight costs.
Carpenter, based in Wyomissing, Pa., is a leading manufacturer and
distributor of specialty alloys and various engineered products.
Carpenter had sales of $871.1 million in fiscal 2003 (ended June 30,
2003). More information about Carpenter is available at
www.cartech.com, with selected products available online at
CONTACT: Carpenter Technology Corp., Wyomissing
Katharine Marshall, 610-208-3034
INDUSTRY KEYWORD: MINING/METALS MANUFACTURING
SOURCE: Carpenter Technology Corp.