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News Release

Talley Metals Raises Prices on Premium-Melted Specialty Alloys

HARTSVILLE, S.C.--(BUSINESS WIRE)--Feb. 15, 2006--Talley Metals, a subsidiary of Carpenter Technology Corporation (NYSE:CRS) has announced that it will increase base prices approximately 10 percent on all premium-melted alloys in bar form. The increase is effective March 1, 2006 on all new orders and shipments. Raw material and energy surcharges will remain in effect.

Talley Metals sells stainless steel long products, as well as standard precipitation-hardening grades, to U.S. metals distributors. Carpenter Technology, based in Wyomissing, Pa., is a leading manufacturer and distributor of specialty alloys and various engineered products. More information about Carpenter Technology and Talley is available at www.cartech.com.

CONTACT: Talley Metals
Lisa MacGregor, 610-208-3479
Lmacgregor@cartech.com

SOURCE: Talley Metals


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