Carpenter Tech raises prices for stainless products

Carpenter Tech raises prices for stainless products

The Specialty Alloys Operations unit of Carpenter Technology Corp. has announced a 10 percent base price increase on all precipitation hardening stainless steels in strip form. The price increase is effective September 1 for all new orders. Raw material surcharges will remain in effect. Carpenter attributes the price increases to raw materials, freight, supplies, and energy costs. Wyomissing, Pennsylvania-based Carpenter Technology manufactures and distributes specialty alloys and engineered products.