Hillfoot bring you an update on the September 2019 surcharges for carbon and alloy steels.
Surcharges for both carbon and alloy steels have increased this month, bringing an end to the continued decreases we have seen in 2019. This increase is the first time we have seen a rise in both the alloy and carbon surcharge since April.
Scrap has risen to £198 per tonne, up from £175 in August and £180 in July.
Simon Taylor, Executive Director of Hillfoot said, "Both scrap and alloy surcharge have risen in September on the back of increased demand and reducing stocks. Scrap has risen £23/T and alloys were mainly driven by a sustained increase in the Nickel price in recent weeks, meaning further increases are likely next month also."
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.