CRS
CRS
05/23/17 10:22 AM ET 
$35.920.00
CRS
CRS
05/23/17 10:22 AM ET
 
$35.920.00
Carpenter

News Release

<< Back
 View printer-friendly version
Carpenter Technology Raises Prices on Stainless Steels, Selected Specialty Alloy Products    WYOMISSING, Pa.--(BUSINESS WIRE)--March 2, 2004--The Specialty Alloys Operations unit of Carpenter Technology Corp. (NYSE:CRS) has announced that later this month it will increase base prices 3-5 percent on stainless steel and most specialty alloy billet, coil and bar products. Stainless rod products will increase 5-7 percent.
    The price increases take effect with all new orders received after March 15.
    Carpenter said that the changes are intended to partially offset the price erosion that has occurred over the last few years and to offset non-material related inflationary costs. Carpenter also said it would continue to monitor market conditions and other costs, making additional pricing adjustments as necessary.
    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 www.carpenterdirect.com.

    --30--RB/ph*

    CONTACT: Carpenter Technology Corp., Wyomissing
             Katharine Marshall, 610-208-3034
             kmarshall@cartech.com

    KEYWORD: PENNSYLVANIA
    INDUSTRY KEYWORD: MINING/METALS MANUFACTURING
    SOURCE: Carpenter Technology Corp.

Carpenter Technology CorporationCarpenter Technology Corporation

Carpenter Technology Corporation is a leading producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels.

Learn More »