Hillfoot Multi Metals
Surcharges for most carbon and alloy steel grades have increased for July 2017 following a sharp rise in the Scrap surcharge.
It climbed from £123 per tonne in June to £150 this month, having been just £78 a year ago.
Simon Taylor, Purchasing Manager for Hillfoot, explains: “Scrap has risen in July and surpassed the previous 2-year high seen in February this year, reversing the reductions seen in the previous 2 months.
“Alloys have reduced slightly, but forecasts remain for these to level and start to rise again in Q3 as mills increase consumption following the summer shutdowns.