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News Release

Talley Metals Raises Prices on Premium-Melted Specialty Alloy Bar Products

HARTSVILLE, S.C.--(BUSINESS WIRE)--Aug. 23, 2006--Talley Metals, a subsidiary of Carpenter Technology Corporation (NYSE:CRS), has announced that it will increase base prices approximately 4 percent on all premium-melted alloys in bar form. The increase is effective September 5, 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, produces and distributes specialty alloys, including stainless steels, titanium alloys, super alloys, and various engineered products. Information about Carpenter Technology and Talley is available at

CONTACT: Talley Metals
Lisa MacGregor, 610-208-3479

SOURCE: Talley Metals

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