Carpenter Technology Corp.’s Specialty Alloys Operations (SAO) unit is implementing an energy surcharge on all orders shipped after October 15. The surcharge will apply to all SAO stainless and specialty alloy products and reflects dramatic increases in natural gas prices.

The surcharge, which only reflects natural gas at this time, will be calculated by subtracting the base rate of $6.00 per thousand cubic feet of natural gas from the monthly closing NYMEX settlement price, as reported in Platts Gas Daily. The calculation further considers the amount of natural gas used to produce various product forms by applying a multiplying factor.

Carpenter said the increase is necessary due to escalating energy costs.

Based in Wyomissing, Pa., Carpenter Technology is a leading manufacturer and distributor of specialty alloys and engineered products.