Hillfoot bring you an update on the July 2018 surcharges for carbon and alloy steels.
Surcharges for carbon and alloy steel grades have risen for July 2018, following a further 5.2% increase in Scrap.
The Scrap surcharge climbed £12 to £241 per tonne - up from £150 a year ago - meaning rises for all engineering bar grades.
Alloy surcharges remained largely unchanged from June, with the notable exception of Nickel.
Simon Taylor, Hillfoot’s Executive Director, explains: “Nickel continues to rise on the back of sustained global demand, which is partly being driven by the increased production of stainless and oil & gas materials.”
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 material requirements and price and availability information.