<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>5
<FILENAME>r23.txt
<TEXT>
                                                      Exhibit 23


              CONSENT OF INDEPENDENT ACCOUNTANTS


     We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 (number 033-65077) of
Carpenter Technology Corporation of our report dated June 13,
2003 relating to the financial statements of The Savings Plan
for Affiliates, which appears in this Form 11-K.


/s/ PricewaterhouseCoopers LLP
------------------------------
PricewaterhouseCoopers LLP
Philadelphia, PA
June 26, 2003


</TEXT>
</DOCUMENT>