Carpenter to Increase Prices on All Specialty Stainless, High Temperature, Electronic, and Premium Alloy Steels
March 20 2014 - 9:35AM
Business Wire
Carpenter Technology Corporation (NYSE: CRS) announced today
that it will increase base prices an average of five percent on new
orders of specialty stainless, high temperature, electronic, and
premium alloy steels in all product forms. The increases become
effective April 1, 2014.
All applicable surcharges will remain in effect.
About Carpenter Technology
Corporation
Carpenter Technology Corporation, based in Wyomissing, Pa.,
produces and distributes specialty alloys, including stainless
steels, titanium alloys and superalloys, and various engineered
products. 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, 2013 and the quarterly
reports on Form 10-Q for the quarter ended September 30, 2013 and
December 31, 2013, 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.
Carpenter Technology CorporationMedia Inquiries:William J.
Rudolph, Jr.(610) 208 -3892wrudolph@cartech.comorInvestor
Inquiries:Michael A. Hajost(610) 208-3476mhajost@cartech.com
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