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Carbon and alloy steel surcharges update for April 2017

3rd April 2017

Steel surcharges April 2017

Hillfoot bring you an update on the April 2017 surcharges for carbon and alloy steels.

Surcharges for carbon and alloy steel grades have increased for April 2017 due to a sharp rise in the scrap surcharge.

March saw scrap drop to £118 per tonne, but that proved to be a short-term dip rather than a trend and it is now at £148 per tonne (in April 2016, it was just £83).

Simon Taylor, Purchasing Manager for Hillfoot, explained: “As predicted scrap has climbed back to its February level after the March reduction, driven by sustained high demand in global steel production.”

Changes to a number of surcharges for alloys have applied further upward pressure to the total surcharge for many alloy steel grades.

Simon added: “Alloys have also increased against March levels with Moly showing the largest rise of approximately 25%, and Nickel approximately 10%.”

Click here to find out how the changes have affected the surcharge for specific steel grades, or contact the Hillfoot team for advice on your steel requirements.

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