Hillfoot bring you an update on the July 2017 surcharges for carbon and alloy steels.

Surcharges for most carbon and alloy steel grades have increased for July 2017 following a sharp rise in the Scrap surcharge.

It climbed from £123 per tonne in June to £150 this month, having been just £78 a year ago.

Alloy surcharges have fallen for July, however this is expected to be a relatively short-term trend.

Simon Taylor, Purchasing Manager for Hillfoot, explains: “Scrap has risen in July and surpassed the previous 2-year high seen in February this year, reversing the reductions seen in the previous 2 months.

“Alloys have reduced slightly, but forecasts remain for these to level and start to rise again in Q3 as mills increase consumption following the summer shutdowns.”

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.