Hillfoot brings you an update on the June 2021 surcharges for carbon and alloy steels.

Peter Morris, Supply Chain Director, said: “June is providing to be a static month in terms of global mill surcharges seeing little change from the previous month. The only exception has been a slight creep on nickel pricing for the second month running (as can be seen below).

3 month nickel price

This has translated into a market increase driven by global demand of £20-£30/tonne increase to the higher nickel bearing grades such as 655M13 and 826M40, and approximate £15/tonne increase to 817M40.

Whilst scrap surcharge remain static from European mills, interestingly there has been a further increase in the price for bar-end scrap from UK scrap merchants. With the UK being a net exporter of scrap, this could potentially indicate further scrap surcharge increases from the European mills in coming months.

Mill lead times remain at their extended position and show no immediate signs of changing, supporting the suggestions that demand is remaining high across the European markets.

Delivery for rolled bar from key European mills is currently Q1 2022, whilst forged bar is currently November/December 2021 delivery."

If you have any questions regarding how this may affect your raw material demand, please contact the Hillfoot team for advice on your material requirements, and price and availability information. We will be happy to discuss further.

You can also click here to find out how the changes have affected the surcharge for specific steel grades.