Hillfoot bring you an update on the February 2018 surcharges for carbon and alloy steels.
Surcharges for carbon and alloy steel grades have risen for February 2018, following a further 5% increase in Scrap.
The Scrap surcharge climbed £11 to £220 per tonne - up from £148 a year ago - meaning rises for all engineering bar grades.
This has been accompanied by increases in a number of alloys, pushing up the surcharge for alloy grades still further.
Simon Taylor, Hillfoot’s Executive Director, explains: “Sustained high global demand for materials has continued to force up steel surcharges.
“Scrap has moved up by a further £11 per tonne and alloys - in particular Nickel - have also increased.”