Steel raw materials
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Argus’ comprehensive coverage of the global ferrous markets provide independent price assessments, news and market analysis for iron ore, coking coal, ferrous scrap, pig iron and steel.
Our global team of experts in China, Singapore, the UK and US deliver over 300 domestic and seaborne price assessments along with detailed market commentary on a daily basis to ensure our clients have complete mine to mill price coverage.
The ferrous portfolio includes established Argus price indices for 62pc and 65pc iron ore fines, Turkish ferrous scrap imports, and our fob Australia and cfr China premium hard coking coal indices.
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Recent deep-sea and short-sea cfr Turkey scrap deals
Recent deep-sea and short-sea cfr Turkey scrap deals
London, 9 April (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 27-Mar 30,000 378 (80:20) May Izmir Cont. Europe HMS 1/2 85:15, shred, bonus Y 27-Mar 40,000 382.50 (80:20) April Marmara USA HMS 1/2 85:15, P&S Y 21-Mar 40,000 383 (80:20) April Izmir USA HMS 1/2 85:15, shred, bonus Y 18-Mar 30,000 376 (80:20) April Iskenderun Cont. Europe HMS 1/2 80:20, shred, bonus Y 18-Mar 40,000 381 (80:20) April Iskenderun USA HMS 1/2 80:20, shred, bonus Y 18-Mar 40,000 380 (80:20) April Marmara Baltics/Scan HMS 1/2 80:20, shred, bonus Y 17-Mar 30,000 375 (80:20) April Iskenderun Cont. Europe HMS 1/2 80:20, shred, bonus Y 14-Mar 30,000 380 (80:20) April Marmara USA 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-Apr 3,000 350 April Izmir Romania HMS 1/2 80:20 Y 31-Mar 3,000 355 April Izmir Romania HMS 1/2 80:20 Y 24-Mar 3,000 353 April Izmir Romania HMS 1/2 80:20 Y 24-Mar 3,000 351 April Bartin Romania HMS 1/2 80:20 Y 21-Mar 5,000 370 April Izmir Greece HMS 1/2 80:20 Y 21-Mar 6,000 369 April Marmara Italy HMS 1/2 80:20, bonus Y Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Polish JSW aims to lift 2025 coking coal output: update
Polish JSW aims to lift 2025 coking coal output: update
Updates production results in last paragraph. London, 9 April (Argus) — Poland's JSW aims to increase coking coal production this year, despite recent accidents . JSW hopes to reverse declining output to boost revenue and cut losses caused by falling met coal and coke prices. It made a 7.3bn zlotys ($1.9bn) loss last year, although this included a 6.4bn zlotys write-down in the value of its assets. The firm expects to increase coking coal output every quarter to reach a full-year figure of 11mn t, up from 9.9mn t in 2024. It is still targeting 14mn t in 2026. In 2024, 21pc of JSW met coke sales were to domestic buyers, 45pc of sales were for export to Europe, and 35pc of sales were for destinations outside Europe — mostly India, with smaller volumes for Algeria, Pakistan and Bangladesh. Despite underutilisation of its coke plants and a decline in seaborne shipments resulting from competition from emerging Indonesian supply, JSW said exports remain crucial for met coke production. The company estimates Polish coke production capacity is at about 8.8mn t/yr, with utilisation running at about 85pc in 2024, while demand in Poland is just 2.7mn t/yr. "Poland needs to export about 6mn t/yr of coke for its production to survive," JSW said. The firm said it is underutilising coke capacity to match ordered volumes, and that it is not producing to boost stocks because it wants to safeguard liquidity. Data obtained by Argus indicate that Polish ports exported 416,000t of met coke in the first quarter, with exports from Swinoujscie at 186,000t, Gdynia loading 165,000t and Gdansk loading 65,000t. JSW said today its coking coal output dropped to 2.3mn t in the first quarter of 2025, down by 3pc on the year and by 14pc on the quarter. The firm's coke output reached 700,000t in January-March, stable on the quarter, but 15pc lower on the year. By Tomasz Stepien Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
S Korea unveils auto industry support after US tariffs
S Korea unveils auto industry support after US tariffs
Singapore, 9 April (Argus) — South Korea has unveiled planned emergency measures to support its automobile industry given the sweeping US tariffs, turning towards its domestic market and outwards to the "global south" to generate demand. South Korea exported nearly $127.8bn of goods to the US in 2024,accounting for about 18.7pc of its total exports. About almost $34.7bn were from passenger automotives. It will provide around 3 trillion South Korean won ($2bn) of new emergency liquidity support, expand its policy finance by W2 trillion to a total of W15 trillion and hand out more car export support. South Korea will also extend the electric vehicle (EV) corporate discount subsidy policy until the end of the year, and it will now support between 30-80pc of EVs' price, up from previously 20-40pc. A focus on the domestic market will help respond to lower export volumes given the US' tariffs, said the country's trade and industry ministry (Motie). The country will cut the special consumption tax on new car purchases from 5pc to 3.5pc until June, while not ruling out any other necessary additional support. It will also push its public sector, public institutions and local governments to buy "business vehicles" within the first half of 2025, which will likely buoy eco-friendly vehicle sales. Eco-friendly vehicles in South Korea refer to hybrids, battery EVs, plug-in hybrids and hydrogen-fuelled vehicles. Eco-friendly vehicle domestic sales surged by 50pc on the year to about 60,350 units in February, while exports rose by 32pc to almost 69,000 units. It is also turning to new "global south" markets by offering an extra budget on export vouchers and trade insurance support until the end of 2025, citing its agreements and negotiations with countries such as the UAE, Mexico, the Philippines and Ecuador. The combined market share of three South Korean battery firms — LG Energy Solution (LGES), SK On and Samsung SDI — on global EV battery installations in has further declined in January-February, according to the latest data from South Korean market intelligence firm SNE Research. They now take up 17.7pc of the global market share, down by almost 5.5 percentage points compared to a year earlier. "It has become also important for K-trio to come up with strategic measures to increase their local production in North America and diversify raw material suppliers," said SNE, citing the US tariffs. LGES last year said it is looking to produce energy storage system cells in the US through its subsidiary LGES Vertech from 2025. SK On earlier this week told Argus that the tariffs will have "limited" potential impact on its business, with its manufacturing facility in the US state of Georgia, SK Battery America, supplying batteries for its US sales volumes . By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Peabody reviews Anglo's Australian coal assets buyout
Peabody reviews Anglo's Australian coal assets buyout
Sydney, 9 April (Argus) — US coal producer Peabody Energy is reviewing its decision to buy UK-South African mining firm Anglo American's coking coal assets in Australia, following a blast at Anglo's Moranbah North mine, the company said today. Peabody Energy agreed to buy four of Anglo American's mines — Moranbah North, Grosvenor, Aquila, and Capcoal — in a $3.8bn deal signed in November 2024 . The Moranbah North blast could trigger an adverse event clause in the acquisition contract, allowing Peabody to withdraw from the deal at a minimal cost, market participants told Argus on 9 April. This has not been confirmed by Peabody. The company said it remains in conversation with Anglo American to better understand the impacts of the event. Two of Anglo American's Australian coking coal mines, Grosvenor and Moranbah North, are currently non-operational because of safety issues. Resources Safety and Health Queensland (RSHQ) — one of Australia's mining regulators — shut Moranbah North after a suspected carbon monoxide explosion on 31 March. Anglo American declared force majeure on coking coal from Moranbah North on 3 April in a notice backdated to the day of the blast. Anglo American's 5mn t/yr Grosvenor mine has also been non-operational since July 2024, when a fire severely damaged the underground site. The company did not disclose a reopening timeline for the site in its 2025 production guidance released in February. The firm previously shut the Grosvenor site over March-May 2022 after a fatal accident. Anglo American is not the only coking coal miner currently dealing with safety challenges. Australian producer GM³ halted production at its 3mn-3.5mn t/yr Appin mine in New South Wales on 6 April, following a blast that injured four workers. The company and state regulators are investigating the incident, with Appin closed until further notice. Argus ' metallurgical coal premium hard low-vol fob Australia has been falling over the past month, dropping from $183/t on 10 March to $174/t on 8 April. But the price rose from $166/t on 3 April to $174/t on 4 April after Anglo American declared force majeure on Moranbah North shipments. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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The Argus ferrous portfolio includes over 1,600 assessments and delivers unbiased price data, reports and market commentary from across coking coal, iron ore, ferrous scrap, steel and relevant freight rates.
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