Metals
Overview
Argus delivers trusted price data and market intelligence to help you understand the drivers behind primary and secondary metal markets. Our service differentiates with in-depth market commentary, analysis and news on ferrous and non-ferrous metals at the heart of commercial trade and industrial manufacturing.
The global metals supply chain uses Argus metals commodity data as a reference in physical supply and derivative contracts, for mark-to-market purposes, as a value indicator for tax assessments, for risk management, and in strategic analysis and planning.
Argus delivers four core products within its metals portfolio: Argus Ferrous Markets, Argus Non-Ferrous Markets, Argus Scrap Markets and Argus Battery Materials. Each offering includes access to Argus Metals – your definitive metals platform.
Metals market coverage
Argus is a leading independent provider of market intelligence to the global energy and commodity markets. Our price assessments and market intelligence are available for all major metals markets across the globe. Explore the coverage most relevant to your business:
Latest metals news
Browse the latest market moving news on the global metals industry.
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.
Australia's Simcoa may buy carbon credits until 2028
Australia's Simcoa may buy carbon credits until 2028
Sydney, 21 March (Argus) — Australia's silicon producer Simcoa will likely need to buy and surrender Australian Carbon Credit Units (ACCUs) until 2028 for safeguard mechanism compliance obligations before it completes a key decarbonisation project, it told Argus today. The project was awarded federal funds on 20 March. Australia's federal Labor government granted Simcoa A$39.8mn ($25mn) under its Powering the Regions Fund (PRF) to expand charcoal production at its Wellesley facility in Western Australia (WA) and remove the use of coal in silicon production. The project is expected to reduce the company's scope 1 emissions by around 90pc, or approximately 100,000 t/yr of CO2 equivalent (CO2e). Simcoa is Australia's only silicon manufacturer, which is a key component of solar panels. The funding will help maintain silicon manufacturing capability in the country in addition to cutting emissions, energy minister Chris Bowen said. The company currently uses 35,000 t/yr of metallurgical low ash coal in its operations, and anticipates usage will drop to zero after it doubles its charcoal production capacity by 25,000 t/yr to 50,000 t/yr. The completion date for the expansion is not expected before 2028. The firm may continue to buy [ACCUs] as it must use coal as a reducing agent for part of its production for calendar years 2025-27, or until the expansion project can be commissioned, the company told Argus on 21 March. Simcoa surrendered 22,178 ACCUs in the July 2022-June 2023 compliance year as it reported scope 1 emissions of 122,178t of CO2e with a baseline of 100,000t CO2e at its Kemerton silicon smelter. Figures were lower for the July 2023-June 2024 compliance period, the company said, without disclosing details. Australia's Clean Energy Regulator (CER) will publish 2023-24 safeguard data by 15 April . Simcoa anticipates scope 1 emissions at the Kemerton smelter to be "considerably below" the baseline once the charcoal expansion is completed and could make it eligible to earn and sell safeguard mechanism credits (SMCs), which traded for the first time in late February . "We will take whatever opportunity is available to us," the company said on potentially holding or selling SMCs in future. By Juan Weik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Upper Mississippi River reopens for transit
Upper Mississippi River reopens for transit
Houston, 20 March (Argus) — The first towboat arrived at St Paul, Minnesota, today, marking the start of the 2025 navigation season on the upper Mississippi River, according to the US Army Corps of Engineers (Corps). The Neil N. Diehl passed through Lock 2 at Hastings, Minnesota, with nine barges, crossing into St Paul on 19 March. Tows reaching St Paul signify the unofficial start of the navigation season, as St Paul is the last port to open on the Mississippi River after winter ice thaws each year. This is considered an average start time for the navigation season, which typically opens the third week of March. The first tow to reach St Paul in 2024 arrived on 17 March. The Corps released the final Lake Pepin ice measurements of 17in on 12 March and was unable to take new measurements this week since the ice had melted significantly. Lake Pepin measurements help determine when the ice will be thin enough for barges to transit up river. By Meghan Yoyotte 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.
Explore our metals products
Limit your price risk exposure with daily metals market intelligence, empower your business with data-rich industry tools and inform your long-term strategy with outlooks backed by over 50 years of commodity reporting.
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
