Talley Metals, a subsidiary of Carpenter Technology Corporation (NYSE: CRS) has announced that it will increase base prices approximately 5% on all stainless bar products to help offset rising manufacturing costs. The increase is effective on all shipments beginning May 1, 2009.

Talley Metals sells stainless steel long products, as well as standard precipitation-hardening grades, to U.S. metals distributors. Carpenter Technology, based in Wyomissing, Pa, produces and distributes specialty alloys, including stainless steels, titanium alloys, super alloys, and various engineered products. Information about Carpenter Technology and Talley is available at www.cartech.com.

Carpenter Technology Corporation
Investor and Media Inquiries:
David A. Christiansen, 610-208-3065
dchristiansen@cartech.com