Exhibit 23.02


                CONSENT OF INDEPENDENT ACCOUNTANTS


We consent to the incorporation by reference in this registration
statement on Form S-3 of our reports dated July 28, 1997, on our
audits of the consolidated financial statements and the
consolidated financial statement schedule of Carpenter Technology
Corporation and subsidiaries as of June 30, 1997 and 1996 and for
each of the three years in the period ended June 30, 1997, which
reports are included in the Company's Annual Report on Form 10-K
for the fiscal year ended June 30, 1997.  We also consent to the
reference to our Firm under the caption "Experts".




                              /s/  Coopers & Lybrand LLP
                                   Coopers & Lybrand LLP

Philadelphia, Pennsylvania
December 17, 1997