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News Release

Talley Metals Raises Prices on Air-Melted Stainless Grades

HARTSVILLE, S.C., Aug 28, 2006 (BUSINESS WIRE) -- Talley Metals, a subsidiary of Carpenter Technology Corporation (NYSE:CRS) has announced that it will increase base prices approximately 3% on all air-melted stainless grades in bar form. The increase is effective on all new orders and shipments September 5, 2006. 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 www.cartech.com.

SOURCE: Talley Metals

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


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