Scrap
Overview
Argus provides comprehensive and detailed coverage of the global ferrous and non-ferrous scrap markets, with over 1,000 prices assessed by a global network of highly skilled market experts.
Argus’ strength lies in our ability to create appropriate methodologies for the trading dynamics of a specific spot market and to provide mechanisms for valuing scrap alloys.
Participants in the scrap industry rely on our extensive price data to act as an independent contract settlement mechanism, and use our powerful tools, like the Argus Alloy Calculator, to estimate the intrinsic value of highly engineered alloys.
Ferrous coverage
Argus offers a comprehensive regional view of the most active spot markets for ferrous scrap in regions around the world. Each price is available for direct comparison in multiple markets, with currency and unit of measurement conversions available to standardise charts and facilitate detection of favourable trade conditions.
Distinguished by either fob dealer or delivered to consumer inco terms, all prices are aligned with common industry specifications for that region. Explore the full list of scrap prices and specifications, including the length of history available on the Argus Metals platform for the grades assessed.
- Bundles
- Busheling
- Foundry/specialty
- Heavy melt
- Machine shop turnings
- Plate and structural
- Shredded scrap
- Tool steel
- Stainless and super alloys
- Alloy Calculator, where the current value of any alloy can be calculated by an intrinsic value formula in the absence of sufficient liquidity to produce a proper assessment
Non-ferrous coverage
Argus provides the full range of non-ferrous coverage from scrap price assessments on UBC, zorba, taint, tweak, and twitch products, as well as exchange data (30-minute delay LME and Comex prices are standard with Argus products) and global base metal premiums. Explore the full list of scrap prices in each non-ferrous category and visit the exchange data page to understand the unique value that Argus brings through its analysis of global exchange prices.
- Aluminium prices
- Aluminium alloy prices
- Brass/bronze prices
- Copper prices
- Lead prices
- Nickel prices
- Stainless and alloys
- Zinc prices
- Alloy Calculator, including over 200 predefined common alloys
- Exchange data
Highlights of North American coverage
Argus’ coverage of the North American scrap market focuses on spot market trading patterns within the most active regional domestic trading locations, as well as on export transactions. The full value chain is represented in the suite of Argus scrap assessments, from collected at yard to delivered to consumer prices:
- 8 containerised scrap price locations
- 14 consumer buying scrap price locations, including US and Canada
- 8 export yard scrap buying price locations
- 4 dealer selling scrap price locations
- 139 regional US and Canada non-ferrous scrap yard collection prices
- Prime and obsolete grades of scrap price assessments
- Mill and foundry grades of scrap price assessments: Titanium, stainless and scrap alloy pricing
- Southern US busheling and shredded weighted average assessments
Highlights of European coverage
Argus Scrap Markets provides context and intelligence to European domestic scrap markets to help steel mills, scrap suppliers, buyers and industrial manufacturers gain a greater understanding of the markets in which they operate. Argus produces over 50 European scrap prices assessments, including:
- German domestic ferrous scrap prices
- Spanish domestic ferrous scrap prices
- Spanish imported scrap prices
- UK domestic ferrous scrap prices
- Russia, including St Petersburg, dockside price
Highlights of Asian coverage
Argus carries Asian scrap prices from a variety of mature scrap-generating markets, and provides insightful analysis of deep-sea trades and short-sea trades. Argus covers the full scope of steel mill purchasing activity for electric arc furnace-based production, including stainless and engineered steels, in recognition of the global nature of many steel feedstocks purchased by mills across the world:
- Taiwan imported ferrous scrap prices
- India imported ferrous scrap prices
- Pakistan imported ferrous scrap prices
- Bangladesh imported ferrous scrap prices
- China, South Korea, Taiwan, Japan imported aluminium scrap prices
- China, South Korea, Taiwan, Japan imported copper scrap prices
Argus carries a variety of global scrap prices in each of its three core products — Argus Scrap Markets, Argus Ferrous Markets and Argus Non-Ferrous Markets. To discover the combination of products that will provide the most complete coverage to serve your company’s needs, contact us for a consultation. Information about Argus subscription options can be found here.
Latest scrap news
Browse the latest market moving news on the scrap industry.
Trump to impose new tariffs on auto imports
Trump to impose new tariffs on auto imports
Washington, 26 March (Argus) — President Donald Trump will announce new tariffs on the automobile industry later today, the White House said, at a time of significant uncertainty about his trade policies. Trump plans to offer further details on the automobile tariffs this afternoon, less than a week before he plans to announce tariffs against major foreign trade partners on 2 April, which Trump has dubbed "Liberation Day". Trump has already imposed a 25pc tariff on steel and aluminum, and earlier this week said he would announce tariffs on imported lumber, semiconductor chips and pharmaceuticals. Trump last month threatened to impose 25pc tariffs on most imports from Canada and Mexico, starting on 4 March — including imported automobiles and vehicle parts — but he eventually offered a one-month reprieve for US automakers before delaying those tariffs entirely until 2 April. The scope and timing of the upcoming automobile tariffs remains unclear, and the White House has yet to provide further details. But Ontario premier Doug Ford previously warned that steep tariffs on Canada could cause auto manufacturing in the US and Canada to grind to a halt within as few as 10 days. Earlier this week, Trump said that South Korean automaker Hyundai's recent decision to invest $5.8bn to build a steel mill in Louisiana offered a blueprint for how companies could avoid tariffs. "This is the beginning of a lot of things happening," Trump said. Even as a lack of details about the upcoming tariffs has fueled uncertainty for businesses and sharp declines on US stock markets, Trump has continued to announce additional tariffs. On Tuesday, Trump said any country taking delivery of Venezuelan oil or gas would be "forced" to pay an incremental 25pc tariff on any goods imported in the US. US oil executives appear to be growing tired of Trump's chaotic trade policy, particularly his imposition of a 25pc tariff on imported steel that is used in drill pipes, executives said in a survey the US Federal Reserve of Dallas released Wednesday. The uncertainty over tariffs and trade policy is causing "chaos", they said in the survey, and increasing their cost of capital. "Tariff policy is impossible for us to predict and doesn't have a clear goal," an unnamed oil executive said in the survey. "We want more stability." By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
UK TRA to broaden scope of steel safeguard review
UK TRA to broaden scope of steel safeguard review
London, 26 March (Argus) — The UK Trade Remedies Authority (TRA) has widened its review of the steel safeguard in light of concerns raised by steelmakers, it said today. The TRA has broadened the scope of its developing economy status review, which it began on 28 February, after UK Steel said a number of factors warranted a broader review to right-size quotas on certain products. In a submission to the TRA earlier this month, UK Steel said the reimposition of US steel tariffs, the fall in domestic demand and quota liberalisation, and tighter EU safeguards meant the review should be widened. UK Steel said products with "larger residual quotas", hot-dip galvanised (HDG), plate and rebar, are exposed to diverted trade. Last year, more than half of ‘other countries' HDG imports came from Vietnam, 66pc of ‘other countries' plate from South Korea and 78pc of ‘other countries' rebar from Algeria. In its recent steel safeguard review, the EU imposed caps on ‘other countries' HDG, plate and rebar of 20-25pc. It is likely that a similar mechanism could be implemented in the UK to avoid crowding out of traditional flow, but the outright quota volumes are much smaller than in the EU. UK Steel asked for 15pc caps on each product. UK Steel also said the quotas should be reduced in line with softer demand, or at least the rate of liberalisation reduced, in line with the 0.1pc rate in the EU. The reversal of redistributed volumes from Russia and Belarus should also be considered, it said, again in line with EU changes. Carryover of unused quotas from one quarter to the next should also be stopped. The association also said China, India, Turkey, Brazil and Vietnam should not be considered developing countries for the purpose of the safeguards, which would mean they all come into the scope of the ‘other countries' quotas. The TRA said interested parties can now register interest or provide updated submissions until 9 April. Argus reported last month that UK steelmakers had requested greater import protection . By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Hyundai Steel to build EAF mill in Louisiana
Hyundai Steel to build EAF mill in Louisiana
Houston, 24 March (Argus) — South Korean automaker Hyundai Motor Group said today it plans to build an electric arc furnace (EAF) flat steel mill near New Orleans, Louisiana, to support its US auto manufacturing plants. The 2.7mn metric tonnes (t)/yr (3mn short tons/yr) mill in Donaldsonville, Louisiana, will primarily supply Hyundai's automotive plants, which are located in Alabama and Georgia, along with plants run by Hyundai-subsidiary Kia and other US automakers, according to the Louisiana Economic Development organization. Construction is expected to begin in the third quarter of 2026. Hyundai detailed the $5.8bn investment on Monday at a news conference with US president Donald Trump. Trump said the mill would allow Hyundai to avoid US steel tariffs. The president has enacted 25pc steel tariffs on imports from all countries, including from South Korea where Hyundai has all of its 24mn metric tonnes (t) of steel output capacity. That production is split evenly between blast furnace and EAF steelmaking processes. Between Hyundai and Kia, the companies have a combined annual production rate of 1.05mn vehicles/yr in the US. Hyundai Steel, a unit of Hyundai Motor, plans to import an estimated 3.6mn t/yr of iron ore to the mill, and will build a deep-water dock on the west bank of the Mississippi River in Ascension Parish to accommodate steel and materials shipments, according to LED. It was not clear whether the iron ore will be reduced in a direct reduced iron (DRI) or hot-briquetted iron (HBI) process to use in the EAF steelmaking. If built, the mill would be the first flat steel mill in Louisiana. The location in Donaldsville is about 48 miles west of New Orleans. Steelmakers operate eight EAF and re-rolling flat-rolled steel mills in the southern US with a combined 23.8mn t/yr of production capacity. By Rye Druzchetta Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Mineral Resources reopens Australian iron ore haul road
Mineral Resources reopens Australian iron ore haul road
Sydney, 24 March (Argus) — Australian iron ore producer Mineral Resources (MinRes) reopened its private Onslow haul road late on 21 March, following conversations with Western Australia's (WA) safety regulator Worksafe WA. The company had closed the 150km highway, which links its Onslow iron ore project to the Port of Ashburton, on 19 March. Two ore-filled road train trailers heading towards the port tipped over on 17 March, prompting Worksafe WA to issue MinRes a notice about safety risks along the road. The Onslow haul road has faced significant challenges over recent months. Cyclone Sean hit WA in late January and damaged it, after four road trains moving ore along the highway toppled over between August-November 2024. But MinRes is taking steps to improve its private road. The company in January announced plans to look at a possible redesign of the highway in January, and on 24 March announced it will finish upgrading parts of it by September. MinRes is planning to ramp up production at Onslow to 35mn t/yr during the July-September quarter, having expanded the site's export capacity from 21mn t/yr to 28mn t/yr on 22 March. The company also chose to leave its full-year Onslow export guidance unchanged at 8.8mn-9.3mn wet metric tonnes (wmt) of ore on 24 March. MinRes produced 58.4pc Fe grade iron ore at Onslow over July-December 2024. Argus ' prices for iron ore fines 58pc Fe cfr Qingdao have been volatile over the last three months, rising from $88/t on 23 December to $94.70/t on 21 February, before falling back down to $85.70/t on 21 March, when it was last assessed. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
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