Exhibit 23






                CONSENT OF INDEPENDENT ACCOUNTANTS


     We consent to the incorporation by reference in the
registration statements of Carpenter Technology Corporation and
subsidiaries on Forms S-8 and S-3 (File Nos. 2-83780, 2-81019,
2-60469, 33-42536, 33-65077, 33-54045, 333-43017,
333-55667 and 333-55669) of our reports dated July 27, 1999,
except as to the information presented in Note 17 for which the
date is August 6, 1999, on our audits of the consolidated
financial statements and financial statement schedule of
Carpenter Technology Corporation and subsidiaries as of June 30,
1999 and 1998, and for the years ended June 30, 1999, 1998 and
1997, which reports are included in this Annual Report on Form
10-K.



s/PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
2400 Eleven Penn Center
Philadelphia, Pennsylvania
September 24, 1999