Carpenter Introduces Electrode Surcharge Effective December 1, 2017
November 13 2017 - 9:20AM
Carpenter Technology Corporation (NYSE:CRS) announced today that it
will implement an initial graphite electrode surcharge of $.03 -
$.05 per pound for all ARC-melted alloy grades effective with
shipments occurring after November 30, 2017. The new surcharge will
be included as part of the monthly raw material surcharge and will
be adjusted in accordance with Carpenter’s published surcharge
prices.
The new surcharge is due to a substantial increase in prices by
graphite electrode manufacturers. Graphite electrodes are used as
part of the ARC-melted steelmaking process.
About Carpenter Technology
Carpenter Technology Corporation is a leading producer and
distributor of premium specialty alloys, including titanium alloys,
nickel and cobalt based superalloys, stainless steels, alloy steels
and tool steels. Carpenter’s high-performance materials and
advanced process solutions are an integral part of critical
applications used within the aerospace, transportation, medical and
energy markets, among other markets. Building on its history
of innovation, Carpenter’s powder technology capabilities support a
range of next-generation products and manufacturing techniques,
including additive manufacturing and 3D Printing. Information
about Carpenter can be found at www.cartech.com.
Media
Inquiries:
William J. Rudolph, Jr. +1 610-208-3892
wrudolph@cartech.com
Investor Inquiries:Brainerd CommunicatorsBrad Edwards+1
212-986-6667edwards@braincomm.com
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