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%.”