Talley Metals Ups Nickel Surchargeadmin
Talley Metals, a subsidiary of Carpenter Technology Corp., said Friday it is changing its surcharge mechanism to increase the nickel premium component to 38 cents per pound, due to strong market demand for nickel-based stainless bar products.
The change in the surcharge will go into effect with shipments beginning Oct. 1.
Talley Metals sells stainless steel long products, as well as standard precipitation-hardening grades, to U.S. metals distributors. Carpenter Technology, based in Wyomissing, Pa, makes and distributes specialty alloys, including stainless steels, titanium alloys, superalloys and various engineered products.