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Carbon & alloy steel surcharges update for February 2018

5th February 2018

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.

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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