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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, with selected products for sale at


    CONTACT: Talley Metals Technology, Inc.
             Katharine Marshall, 610-208-3034

    SOURCE: Talley Metals Technology, Inc.

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