Carpenter Technology Corp.’s Specialty Alloys Operations unit announced that it will increase base prices 10 percent on all precipitation hardening stainless steels in strip form.

Carpenter said that the price increases are necessary to recover increased costs associated with materials, freight, supplies and energy.

The increase takes effect on September 1st for all new orders. Raw material surcharges will remain in effect.

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