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04/21/17 4:01 PM ET
 
$36.57 +0.03
Carpenter

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Carpenter Technology Announces Change to Surcharge Mechanism

WYOMISSING, Pa.--(BUSINESS WIRE)--Sept. 15, 2006--The Specialty Alloys Operations unit of Carpenter Technology Corporation (NYSE:CRS) announced that it is changing its surcharge mechanism to increase the nickel premium component from $.30/lb. to $.38/lb.

The company said that strong market demand for nickel based superalloys and stainless products have contributed to nickel premiums rising to exceptional levels. The change in the surcharge will go into effect with shipments beginning October 1, 2006.

Carpenter Technology, based in Wyomissing, Pa, is a leading manufacturer and distributor of specialty alloys, including stainless steels, titanium alloys, superalloys, and various engineered products. More information about Carpenter Technology is available at www.cartech.com.


    CONTACT: Carpenter Technology Corporation
             Lisa MacGregor, 610-208-3479
             Lmacgregor@cartech.com

    SOURCE: Carpenter Technology Corporation
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.

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