Hillfoot bring you an update on the January 2017 surcharges for carbon and alloy steels.
The surcharges for carbon and alloy steel grades have risen significantly for January 2017, as increasing demand for scrap and alloys continued to push up costs.
Following December’s sharp rise, the scrap surcharge climbed again this month - this time from £101 to £138 per tonne - affecting all grades stocked by Hillfoot.
Simon Taylor, Purchasing Manager for Hillfoot, explained: “January sees a further significant rise in scrap surcharge fuelled by sustained increasing global demand and reduced stocks.
“Alloys have also increased across the board with Chrome the most significant, rising from £1.95/0.1% to £2.85/0.1%, again led by increased demand and lower global stocks.”