Hillfoot bring you an update on the June 2017 surcharges for carbon and alloy steels.
Surcharges for carbon and alloy steel grades have fallen slightly for June 2017 due to a slowdown in demand for materials.
The Scrap surcharge is down from £133 per tonne in May to £123, matching the level of June 2016.
Surcharge movement for alloys is mixed, with Vanadium and Silicon rising, but a number of other materials declining.
Market conditions indicate the changes are likely to be relatively short term and that surcharges will rise again as activity picks up.
Simon Taylor, Purchasing Manager for Hillfoot, explains: “Scrap has dropped by £10 per tonne and Nickel has reduced on the back of slowing demand and increased global stocks.
“This is expected to level out in the coming weeks and start to rise again as we go through Q3 & Q4.”