Hillfoot bring you an update on the January 2018 surcharges for carbon and alloy steels.
Surcharges for carbon and alloy steel grades have changed little overall for the start of 2018, as a small increase in Scrap has been offset by slight reductions in some alloys.
Scrap has now climbed to £209 per tonne - up from £138 a year ago following a prolonged spell of high demand for materials - meaning a small rise in the surcharges for carbon steel grades.
However, the surcharges for many alloy steel grades have fallen slightly for January 2018, although that may well be reversed in the coming months.
Simon Taylor, Hillfoot’s Executive Director, explains: “January 2018 sees little overall change, with scrap increasing £9/T but being offset by some slight reductions in alloys.
“Nickel has risen recently on the LME so we would expect this to start to filter through to the surcharges from next month.”