Nickel surcharge increases

The specialty alloys operations unit of Carpenter Technology Corp. has announced that it is changing its surcharge mechanism to increase the nickel premium component from USD .30/lb. to USD .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 the surcharge will go into effect with shipments beginning 1 October 2006.



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