Hillfoot bring you an update on the September 2020 surcharges for carbon and alloy steels.
Peter Morris, Hillfoot Supply Chain Director, said: “Scrap levels have remained relatively stable at lower levels in particular since March.
In the past week the overseas market is reporting higher levels in scrap and raw material, which under historical measure, would filter through to the UK in the fourth quarter.
The current estimation is around £30 per tonne during November, which will be confirmed in the next update.
Low refined nickel stocks and a looming ban on exports of nickel ore from Indonesia are two factors creating a bullish nickel market according to recent market research.
Overall alloy surcharges have remained linear, much the same as scrap levels; however once again in the fourth quarter, a shift in direction could be imminent."
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.