Sep. 18, 2006 — Carpenter Technology Corp.’s Specialty Alloys Operations unit is changing its surcharge mechanism to increase the nickel premium component from $.30 to $.38/lb.

The company said that strong market demand for nickel based superalloys and stainless products have contributed to nickel premiums rising to exceptional levels.

The change in surcharge goes into effect with shipments beginning October 1, 2006.

Based in Wyomissing, Pa., Carpenter Technology is a leading manufacturer and distributor of specialty alloys, including stainless steels, titanium alloys, superalloys, and various engineered products.