Hillfoot bring you an update on the October 2018 surcharges for carbon and alloy steels.
Surcharges for carbon and alloy steel grades have fallen slightly for October 2018, following an easing in material demand over the summer shutdown period.
The Scrap surcharge has dropped £15 to £235 per tonne, meaning reductions for all engineering bar grades.
However, the level of the Scrap surcharge remains relatively high - it was just £207 in the same period of 2017 - and it is expected to climb again in the coming months as the requirement for certified materials grows.
Simon Taylor, Hillfoot’s Executive Director, explains: “October 2018's surcharges have fallen slightly on the back of summer shutdowns and a temporary drop in demand.
“This movement is expected to reverse as mills ramped up production again in September and are now looking towards Q1 2019 requirements.”
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.