Exhibit 23











                    CONSENT OF INDEPENDENT ACCOUNTANTS


     We consent to the incorporation by reference in the registration 
statements of Carpenter Technology Corporation and subsidiaries on 
Form S-8 and S-3 (File No. 2-83780, 2-81019, 2-60649, 33-42536, 33-51613 
and 33-54045) of our reports dated July 29, 1996, on our audits of the 
consolidated financial statements and financial statement schedule of 
Carpenter Technology Corporation and subsidiaries as of June 30, 1996 and
1995, and for the years ended June 30, 1996, 1995 and 1994, which reports 
are included in this Annual Report on Form 10-K.



s/Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.

2400 Eleven Penn Center
Philadelphia, Pennsylvania
September 25, 1996