Hillfoot bring you an update on the October 2019 surcharges for carbon and alloy steels.

Surcharges for carbon steels have declined this month, returning to the trend seen before September’s increase.

The Scrap surcharge has decreased to £174 per tonne, down from £198 in September and £175 in August. Alternatively, as we predicted last month, the alloy grade surcharge has continued to rise, driven by an increase in the Nickel price.

Pete Morris, Purchasing Director of Hillfoot said, “Scrap surcharge has reduced in October which has been balanced out by a rise in alloy surcharges following the sustained rise in the Nickel price, alongside other alloy increases.”

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.