Hillfoot bring you an update on the August 2017 surcharges for carbon and alloy steels.
Surcharges for most carbon and alloy steel grades have increased for August 2017 following a further sharp rise in the Scrap surcharge.
It climbed from £150 per tonne in July to £162 this month - its highest level since 2014. The Scrap surcharge was just £78 a year ago.
Movements in alloy surcharges for August were relatively small, ahead of expected rises later in the third quarter.
Simon Taylor, Purchasing Manager for Hillfoot, explains: “The Scrap surcharge increased again for August as mills looked to secure supplies for when they return from their summer shutdowns to support their large order books.
“Alloys remained relatively stable with Nickel increasing slightly, reversing the small reductions seen in recent months.”