Carpenter Technology To Raise Base Prices On Specialty Alloy Portfolio
Portfolio Pulse from Benzinga Newsdesk
Carpenter Technology announced that it will increase base prices by an average of 7% to 12% on new, non-contract orders across the majority of its premium products. The price increases will be effective with new orders placed after October 8, 2023.
October 09, 2023 | 8:17 pm
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Carpenter Technology's decision to increase prices could potentially boost its revenues in the short term, assuming demand remains stable.
Carpenter Technology's decision to increase prices on its premium products could potentially lead to increased revenues, assuming that the demand for these products remains stable. This could have a positive impact on the company's stock price in the short term.
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