Carpenter Powder Products Raises Prices on All Micro-Melt® Powder High Speed and Tool Steel Products

Fri Dec 21, 2012 8:30am EST

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Price Increase Impacts Orders Shipped On or After 2/1/13
BRIDGEVILLE, Pa.--(Business Wire)--
Carpenter Powder Products announced today that it will increase base prices by
seven percent (7%) on all bar, plate, and finished Micro-Melt® (PM) tool steel
products. The increase is effective for orders shipped on or after February 1,
2013. Current monthly surcharges will remain in effect. 

Carpenter Powder Products, a division of Carpenter Technology Corporation
(NYSE:CRS), produces and distributes powder metal and wrought high speed and
tool steel products. Information about Carpenter Powder Products can be found on
the Internet at www.cartech.com. 

About Carpenter

Carpenter Technology, 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, 2012 and the quarterly reports on Form 10-Q for the quarter ended
September 30, 2012,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.

Carpenter Powder Products
Media Inquiries:
William J. Rudolph, Jr., 610-208-3892
wrudolph@cartech.com
or
Investor Inquiries:
Michael A. Hajost, 610-208-3476
mhajost@cartech.com

Copyright Business Wire 2012
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