Exhibit 23.03


                      CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-3 of Carpenter
Technology Corporation of our report dated March 3, 1997, relating to the
financial statements of Dynamet Incorporated, which appears in the Current
Report on Form 8-K/A of Carpenter Technology Corporation dated May 13, 1997. We
also consent to the reference to us under the heading "Experts" in such
Prospectus.



/s/   Price Waterhouse LLP
      Price Waterhouse LLP

Pittsburgh, Pennsylvania

    
April 2, 1998     

 
     
                                                                   EXHIBIT 23.03
                                                                   


                      CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-3 of Carpenter
Technology Corporation of our report dated February 17, 1997, except as to the
notes titled "Significant Accounting Policies -- Basis of Presentation,"
"Discontinued Operations" and "Segment Operations" which are as of February 3,
1998, relating to the financial statements of Talley Industries, Inc., which
appears in the Current Report on Form 8-K/A of Carpenter Technology Corporation
dated February 12, 1998. We also consent to the reference to us under the
heading "Experts" in such prospectus.


/s/ Price Waterhouse LLP
    Price Waterhouse LLP
                                         
 
Phoenix, Arizona
April 2, 1998