Hillfoot bring you an update on the March 2017 surcharges for carbon and alloy steels.
The surcharges for carbon steel and many alloy steel grades have fallen for March 2017, following a drop in the scrap surcharge.
It has decreased from £148 to £118 per tonne, but it may well prove to be a short-term fall.
Simon Taylor, Purchasing Manager for Hillfoot, explained: “While March 2017 has seen scrap drop from last month’s two-year high, the forecast is that it may start to rise again next month. However, this is only a forecast at this stage.”
A number of alloy surcharges also fell, most notably Nickel.
Simon added: “Nickel has reduced slightly too, but the LME Nickel price has been increasing in recent days and the surcharge will most probably regain its loss in April.”