Tool steel market unfazed by CarTech's LSSD sale plan

Sep 04, 2012 | 03:46 PM | Thorsten Schier

Tags  Carpenter, tool steel, Latrobe Specialty Metals, Latrobe Specialty Steel Distribution, Thorsten Schier

NEW YORK — Tool steel distributors expressed little surprise at Carpenter Technology Corp.’s recent announcement that it is looking to sell its Latrobe Specialty Steel Distribution (LSSD) business.

"This has been coming since the initial merger was announced," a Midwest tool steel distributor said, citing Carpenter’s focus on premium products.....

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