Carpenter Technology increases its prices

Carpenter Technology increases its prices

According to the recent news in the market, Specialty Alloys Operations unit of Carpenter Technology Corp is planning to increase its base prices by 3-5%. The price increase will be effected on stainless steel, specialty alloy billet, coil and bar products. Moreover, prices of stainless rod products will be increased by 5-7%. The price increases will be in effect for the orders as of March 15, 2004. It is also reported that, depending on the costs and the condition of the market, a further hike in the prices may be effected.