Carpenter to Increase Prices on Non-Contract High Temperature, Electronic, and Premium Alloy Steels
January 30 2018 - 5:23PM
Carpenter Technology Corporation (NYSE:CRS) announced today that it
will increase base prices an average of five percent (5%) on new
non-contract orders of high temperature, electronic, and premium
alloy steels across all product forms.
The increases become effective for new orders placed after
January 31, 2018.
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.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other
factors that could cause actual results to differ from those
projected, anticipated or implied. The most significant of these
uncertainties are described in Carpenter's filings with
the Securities and Exchange Commission, including its annual
report on Form 10-K for the year ended June 30, 2017, the
quarterly report on Form 10-Q for the quarter ended September
30, 2017 and the exhibits attached to those filings. They
include, but are not limited to, statements regarding announced
base price increases. Carpenter undertakes no obligation to update
or revise any forward-looking statements.
Media Inquiries:William J. Rudolph, Jr. +1
610-208-3892wrudolph@cartech.com
Investor Inquiries:The Plunkett GroupBrad Edwards+1
212-739-6740brad@theplunkettgroup.com
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