Carpenter Technology Announces Price Increase on Premium Melted Alloys and Change to Surcharge Mechansim.WYOMISSING, Pa. -- The Specialty Alloys Operations unit of Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. (NYSE NYSE See: New York Stock Exchange :CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) announced that effective immediately it is increasing prices 5-10% on all premium melted alloys used in markets including aerospace, automotive, electronics, medical, power generation and oil and gas. Additionally, due to the unprecedented rise in nickel premiums, it will change its surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. mechanism to increase the nickel premium component from $.23/lb. to $.30/lb. The change is effective immediately. Carpenter Technology, based in Wyomissing, Pa., is a leading manufacturer and distributor of specialty alloys and various engineered products. More information about Carpenter Technology is available at www.cartech.com. |
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