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.
Stay ahead of the scrap metal markets
To be informed of relevant content, sign up to Argus Scrap Metal Market Highlights. Each newsletter issue provides key prices, selected news, downloadable insight papers, podcasts, and on-demand videos across the global scrap markets. Our coverage spans both ferrous and non-ferrous scrap, enabling you to explore the most active spot markets for scrap around the world.
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Browse the latest market moving news on the scrap industry.
Western Australia backs 450,000 t/yr EAF steel mill
Western Australia backs 450,000 t/yr EAF steel mill
Sydney, 12 June (Argus) — Western Australia's (WA) state Labor government is set to invest A$9.8mn ($6.9mn) in Generation Steel, supporting the company's planned Collie electric arc furnace (EAF) mill, which will produce 450,000 t/yr of rebar from recycled scrap. The state funds will be matched by Generation and go towards completing pre-development activities after a bankable feasibility study confirmed the project's viability, WA premier Roger Cook said on 12 June. The pledge follows a previous A$4.5mn commitment from the government for the facility. WA issued an expression of interest for offtake-ready low-emission steel products in November 2025. Generation, previously known as Green Steel of WA, is targeting a final investment decision by late 2026, with construction starting shortly afterwards and first steel production within 24 months. The Collie EAF is set to be the state's first steel mill and the first new steel mill to be constructed in Australia in more than 30 years. The state's Pilbara region is the world's largest source of iron ore — the most critical input of steel manufacturing. Australian methane pyrolysis developer Hazer signed a letter of intent with Generation in March to supply up to 85,000t of graphite over a 10-year term, for use in the EAF. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US wholesale inflation surges to 6.5pc in May
US wholesale inflation surges to 6.5pc in May
Houston, 11 June (Argus) — US wholesale inflation surged to an annual 6.5pc in May, led by an energy price spike unleased by the Mideast Gulf war. Prices paid to US producers (PPI) rose to its highest level since November 2022 from an annual 5.7pc in April and 4.3pc in March, according to the Bureau of Labor Statistics (BLS) . Economists surveyed by Trading Economics forecast a median PPI gain of 6.4pc. Wholesale prices started the year at 3.1pc. So-called core PPI, which strips out more volatile food and energy, rose by a more moderate 4.9pc in May, matching its gain in April. On a monthly basis, May marked a second month of 1.1pc PPI inflation, following 0.7pc in March and 0.5pc in February. Core PPI rose by 0.4pc on the month. "This PPI report shows an intensifying shock to goods prices and an uptick in underlying services prices too," Pantheon Macroeconomics said in a note. "We continue to think that inflation will fall sharply around the turn of the year, as growth in wages and rents continues to slow, and as tariff-related price rises continue to drop." The PPI report comes one day after the BLS reported that the consumer price index (CPI) rose by an annual 4.2pc in May, the highest gain in three years. Futures markets show a 98pc probability the Federal Reserve will hold its target rate unchanged at its 17 June policy meeting, with nearly 70pc odds of at least a quarter-point increase by the end of the year. PPI for goods rose by an annual 10.4pc in May following a gain of 7.4pc in April. PPI for services rose by 4.9pc. Energy PPI rose by 36.6pc in May following a 22.7pc gain in April. Energy for export rose by 72.3pc in May following a 50pc increase in April. PPI for finished consumer energy goods rose by 30pc in May after rising 17.8pc in April. Food PPI rose by 2.6pc in May following a 2.2pc gain in April By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US auto sales hover near 2026 high in May
US auto sales hover near 2026 high in May
Houston, 8 June (Argus) — US automotive sales ticked higher in May, reflecting a persistent resilience in consumer spending as the US/Israel-Iran war continued to keep fuel costs elevated and foster inflationary concerns. Sales of light vehicles — pickup trucks and cars — edged higher to a seasonally adjusted annual rate of 16.1mn units in May from an upwardly revised 16mn in April, the Bureau of Economic Analysis reported. Last month's total was above May 2025's annualized rate of 15.6mn, which reflected the end of pre-tariff buying after sweeping US import duties took effect and was the second-highest total for 2026 after March's 16.2mn. Automotive sales continued to recover in May from a slow start to the year following winter storms in January and February, with gains in equity markets during the month and consumers' stronger tax refunds providing further support. Still, new-vehicle affordability remains a concern, with high fuel costs and other inflationary pressures tied to the war in the Middle East weighing on consumer sentiment. Average US retail gasoline prices last were assessed at $4.305/USG for the week ended 1 June, the latest data from the US Energy Information Administration shows, which represented an increase of $1.178/USG on the year. Sales of pickup trucks rose by 0.8pc to a 13.4mn annual unit rate in May, while car sales fell by 1.4pc to a nearly 2.7mn unit rate in the same period. US vehicle production in April reached its highest level since August 2025, rising to a seasonally adjusted rate of 10.45mn units from an upwardly revised 10.04mn in March, the latest Federal Reserve data shows. Auto assemblies are reported with a one-month lag to sales. By Alex Nicoll Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Recent deep-sea and short-sea cfr Turkey scrap deals
Recent deep-sea and short-sea cfr Turkey scrap deals
London, 5 June (Argus) — A summary of the most recent deep-sea and short-sea cfr Turkey ferrous scrap deals seen by Argus. Ferrous scrap deep-sea trades (average composition price, cfr Turkey) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 1-Jun 30,000 406 (80:20) June Iskenderun USA HMS 1/2 80:20, shred, bonus Y 29-May 40,000 397 (80:20) June Marmara Cont.Europe HMS 1/2 80:20, shred, bonus Y 28-May 40,000 414 (90:10) June Izmir USA HMS 1/2 80:20, shred, bonus Y 28-May 40,000 409 (80:20) June Samsun Scandinavia/Baltics HMS 1/2 80:20, shred, bonus Y 18-May 37,000 406 (80:20) June Turkey Cont.Europe HMS 1/2 80:20, shred, bonus N 14-May 40,000 408.50 (80:20) June Turkey UK HMS 1/2 80:20, shred, bonus N 14-May 37,000 405 (80:20) June Marmara Baltics HMS 1/2 80:20, shred, bonus Y Ferrous scrap short-sea trades (average composition price, cif Marmara) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 2-Jun 3,000 378 (80:20) June Marmara Romania HMS 1/2 80:20 Y Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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