Carpenter Technology hikes stainless steel prices
According to the statement released by Carpenter Technology, the company's Specialty
Alloys Operation will increase base prices of
stainless steel bars, rods and
wire products by 3-10% to be in effect for shipments as of June 1, 2004.
Moreover, prices of premium-melted
alloys will be increased by 5-10%.
The prices are stated to be increase to offset energy, supply and
freight rate costs.
The company also revealed that it has started including manganese in its raw material surcharge.