POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                               s/William S. Dietrich II
                              __________________________
                              William S. Dietrich II
                              Director
                              Carpenter Technology Corporation



                       POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                 s/Dr. C. McCollister Evarts
                              ______________________________
                              Dr. C. McCollister Evarts
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                s/J. Michael Fitzpatrick
                              __________________________
                              J. Michael Fitzpatrick
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                               s/William J. Hudson, Jr.
                              __________________________
                              William J. Hudson, Jr.
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                               s/Edward W. Kay
                              _____________________
                              Edward W. Kay
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                s/Robert J. Lawless
                              ________________________
                              Robert J. Lawless
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                s/Marlin Miller, Jr.
                              __________________________
                              Marlin Miller, Jr.
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                 s/Peter C. Rossin
                              ______________________________
                              Peter C. Rossin
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                s/Kathryn C. Turner
                              __________________________
                              Kathryn C. Turner
                              Director
                              Carpenter Technology Corporation



                        POWER OF ATTORNEY

     The undersigned hereby constitutes and appoints Robert W.
Cardy, G. Walton Cottrell and John R. Welty, and each of them,
with full power to act without the others, as the true and
lawful attorney-in-fact and agent of the undersigned, with full
and several power of substitution, to sign a registration
statement or registration statements to be filed with the
Securities and Exchange Commission under the Securities Act of
1933, as amended, for the purpose of registering the offering of
shares of Common Stock of CARPENTER TECHNOLOGY CORPORATION (the
"Corporation") on behalf of the Peter C. and Ada E. Rossin 1997
Charitable Remainder Unitrust; to sign any and all amendments
(including post-effective amendments) to such registration
statement or statements; and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the
Securities and Exchange Commission; granting to such attorneys
- -in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to
be done in connection therewith, as fully as the undersigned
might or could do in person, hereby ratifying and confirming all
that such attorneys-in-fact and agents or any of them, or their
or his substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.

     IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney on the 4th day of December, 1997.

                                 s/Kenneth L. Wolfe
                              ________________________________
                              Kenneth L. Wolfe
                              Director
                              Carpenter Technology Corporation