Talley Metals Increases Prices on Stainless Steels HARTSVILLE, S.C.--(BUSINESS WIRE)--Jan. 28, 2004--Talley Metals
Technology, Inc., a subsidiary of Carpenter Technology Corp.
(NYSE:CRS), said today that it will increase transaction prices 3
percent on all grades of its stainless steel round bar, hexagons and
squares, effective with new orders placed Feb. 2 and to all shipments
from March 1. In addition, Talley is changing its surcharge mechanism
on stainless steel products to incorporate an $.18/lb. premium over
the LME price for nickel.
These changes reflect significantly higher costs for many
essential raw materials, energy and other supply costs, as well as
rising nickel premiums. It also is intended to recover some of the
price deterioration that has occurred.
Talley Metals sells 300- and 400-series stainless steels, as well
as standard precipitation-hardening grades, to U.S. metals
distributors. More information about Carpenter's specialty alloys and
engineered products is available at www.cartech.com, with selected
products for sale at www.carpenterdirect.com.
CONTACT: Talley Metals Technology, Inc.
Katharine Marshall, 610-208-3034
KEYWORD: SOUTH CAROLINA PENNSYLVANIA
INDUSTRY KEYWORD: MINING/METALS MANUFACTURING PRODUCT
SOURCE: Talley Metals Technology, Inc.