WYOMISSING, Pa.--(BUSINESS WIRE)--Mar. 20, 2014--
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.
Source: Carpenter Technology Corporation
Carpenter Technology Corporation
Media Inquiries:
William J.
Rudolph, Jr.
(610) 208 -3892
wrudolph@cartech.com
or
Investor
Inquiries:
Michael A. Hajost
(610) 208-3476
mhajost@cartech.com