Hillfoot brings you an update on surcharges for carbon and alloy steels in September 2016.
There is little movement in steel surcharges from August to September 2016, following the relatively low levels of demand for steel over the summer months.
Hillfoot’s Simon Taylor explains: “Low demand through the summer means alloy surcharges have remained unchanged from August levels, with scrap rising only slightly for September.”
However, the situation is likely to change in the closing months of 2016.
“As steel mills return from their summer shutdowns demand is expected to rise into Q4, which may reflect in higher surcharge levels as we head towards the end of the year,” Simon adds.
For detailed information about surcharge movement for specific steel grades, please see Hillfoot’s stocked grades.