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.
US inflation rises to 3pc in Sep, less than expected
US inflation rises to 3pc in Sep, less than expected
Houston, 24 October (Argus) — US consumer inflation rose less than expected in September, setting the stage for a nearly certain Federal Reserve interest rate cut next week to boost the economy amid weak job growth and tariff uncertainty. The consumer price index (CPI) rose by a 3pc annual pace, after rising by 2.9pc in August, the Bureau of Labor Statistics (BLS) said Friday. The gain in September was below the 3.1pc median estimate of economists surveyed by Trading Economics. Core inflation, which strips out volatile food and energy, rose at a 3pc annual pace in September, also below the analysts' estimates for a 3.1pc gain. The CME's FedWatch tool, after the inflation report, showed a 96.7pc probability the Federal Reserve will cut its target rate by a quarter point at its next meeting next week. The Fed signaled in September two likely quarter points cuts in the last two meetings of the year and Fed chair Jerome Powell has recently highlighted the risks of lower employment growth more than concerns over inflation, while also citing uncertainty over the impacts of President Donald Trump's tariff wars. The BLS, whose chief Trump fired in August following reports of dire employment revisions, released the report during the government shutdown, which has barred most government reporting, to meet Social Security mandates. "Inflation in September smashes economists' expectations AGAIN — with prices holding steady. President Donald J. Trump's Golden Age is here to stay," the White House said on social media. The energy index rose by an annual 2.8pc in September, quickening from 0.2pc in August The gasoline index fell by 0.5pc after falling by 6.6pc the month prior. The food index rose by 3.1pc through September, slowing from 3.2pc through August. The shelter index rose by 3.6pc over the year, unchanged. Services less energy services, viewed as a core services measure, rose by 3.5pc, easing from 3.6pc in August. On a monthly basis, the CPI rose by 0.3pc in September after a 0.4pc gain in August and a 0.2pc gain in July. Core prices rose by 0.2pc in September after a 0.3pc gain the prior month. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Trump cancels trade talks with Canada
Trump cancels trade talks with Canada
Singapore, 24 October (Argus) — US president Donald Trump said he had ended all trade talks with Canada in protest over a political advertisement that criticised tariffs. "ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," Trump said in a post on his social media platform late on 23 October. Trump alleged that the advertisement, featuring former president Ronald Reagan speaking negatively about tariffs, was an attempt to interfere with a pending decision by the US Supreme Court on the legality of tariffs. Canada was among the first targets of Trump's tariffs once he returned to office. US imports from Canada are subject to a 35pc tariff, with separate duties on imported cars, auto parts, steel and aluminium. In practice, imports from Canada are taxed at the lowest rates among the top US trading partners, because the bulk of trade is exempted from tariffs under the terms of the US-Mexico-Canada free trade agreement. Energy commodities are also exempted from Trump's tariffs. The Canadian government said earlier this month that it was hoping to reach quick trade deals over steel, aluminium and energy after a meeting between Trump and Canadian prime minister Mark Carney. The US Supreme Court has scheduled a hearing for 5 November to review rulings by lower courts on whether Trump overstepped his authority when placing emergency tariffs on most imports into the US. By Kevin Foster Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia's Mount Gibson to close iron ore mine
Australia's Mount Gibson to close iron ore mine
Sydney, 24 October (Argus) — Australian miner Mount Gibson will end operations at its high-grade Koolan Island iron ore mine offshore Western Australia (WA) state, following a rockfall on 16 October. Part of the pit wall collapsed eight days ago with no injuries to staff but the company found that resuming mining was not viable following an assessment, Mount Gibson said on 24 October. Operations will not restart, ending mining ahead of the project's planned closure in around October 2026. Processing will continue using available stockpiles for near-term scheduled shipments, Mount Gibson said, with potential for sales from lower grade stock, which it had been using for blending. The firm sold 550,000 wet metric tonnes (wmt) at an average grade of 64.3pc Fe in July-September and has now cancelled its sales guidance for the year to 30 June 2026 of 3-3.2mn wmt. Mount Gibson had identified remaining ore reserves of 4.1mn t at Koolan Island and sold 2.61mn wmt in 2024-25, down from 4.1mn wmt a year earlier. It had expected shipments to increase in the final nine months of its 2025-26 fiscal year after bulk waste stripping activity occurred in July-September. Mount Gibson purchased the Koolan Island mine in the Buccaneer Archipelago off WA's northern Kimberley region coast in 2007. Formerly operated by Australian miner BHP, the project contains Australia's highest grade hematite reserves averaging over 65pc Fe and has produced more than 40mn t of ore. The Argus 65pc Fe iron ore index was up by 40¢/dry metric tonne (dmt) to $119.74/dmt on 23 October while the Argus 62pc Fe iron ore index rose by 15¢/dmt to $105.05/dmt. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Stellantis bets on legal auto dismantling: Correction
Stellantis bets on legal auto dismantling: Correction
Corrects attribution in introduction. Story was originally published on 22 October. Sao Paulo, 23 October (Argus) — Global automaker Stellantis in August opened a proprietary specialized auto dismantling facility that processes 8,000 cars/yr in Brazil. The plant dismantles vehicles that have been totaled or are near end-of-life. The facility ensures the proper disposal of 100pc of the materials from dismantled vehicles, which are then sorted and sent to Stellantis' various partner suppliers. In addition to playing a central role in Stellantis' global circular economy initiatives, the site is also a "legal chop shop", the first site of its kind owned by an automaker in South America. The company sells all reusable parts through official e-commerce channels to help counter Brazil's ever-growing parallel auto parts market. The Brazilian auto parts market lost an estimated R12bn ($2.2bn) in 2024 because of counterfeit or stolen auto parts sales, according to the country's anti-counterfeiting association ABCF. Argus spoke via email with Alexandre Aquino, Stellantis vice president of circular economy South America, about the initiative and to see how it is going two months after its opening. Translated and edited highlights follow. How does Stellantis' new dismantling center in Brazil align with the company's circular economy strategy in South America? Circular Economy is a strategic pillar of Stellantis' global vision, led by a dedicated business unit. It plays a key role in positioning the company as an industry leader in innovation and in decarbonizing the entire value chain. Anchored in the 4R strategy — recycle, remanufacture, reuse, and repair — we aim to extend the lifecycle of parts and vehicles, reducing waste, and accelerating progress toward carbon emission reduction targets. Circular economy hubs are central to scaling this model efficiently across regions. The first of these hubs was launched in Mirafiori, Italy, and now we added the vehicle dismantling center inaugurated in Sao Paulo to complement this strategy. With this initiative, Stellantis becomes the first automaker in Brazil and South America to invest in a dedicated facility for the legal dismantling of damaged and end-of-life vehicles, reinforcing its leadership in sustainable mobility. What are the main legal and logistical challenges in recycling and dismantling operations? In Brazil, there is still a significant path ahead in terms of creating a more favorable business environment for vehicle dismantling, including necessary regulatory developments to encourage such initiatives. We believe in Brazil's potential to have a R2bn/yr ($371mn/yr) car recycling and processing market, which is why R13mn ($2.4mn) was invested in building our Vehicle Dismantling Center in Osasco, on the outskirts Sao Paulo. With this operation, we plan to create approximately 150 jobs in the coming years, with the capacity to dismantle up to 8,000 vehicles per year, including models from all brands available in the Brazilian market — not just those under Stellantis. How much steel and aluminum are typically recovered per car? Do you have an annual estimate of how much of each material is recycled? About 5,000 metric tonnes (t)/yr of solids, including — but not limited to — 3,600t/yr of ferrous scrap, 720t/yr of plastics, 360t/yr of cast iron, 200t/yr of aluminum, and 64t/yr of copper. Stellantis recovers, on average, about 450kg of steel and 50kg of aluminum per dismantled vehicle. These amounts vary depending on the year, model, powertrain, and use of lightweight alloys (e.g., utility vehicles/SUVs use more steel; newer cars may use more aluminum). We also estimate to discard over 200,000 liters (l)/yr of liquids, recovering 48,000l/yr of gasoline, 60,000l/yr of ethanol and 12,000l/yr of diesel. Does Stellantis profit from selling parts/scrap? If so, is dismantling considered a profitable and relevant business line for the company? This project is part of Stellantis' global strategy, with a genuine commitment to sustainability and the circular economy. The dismantling center is technically and economically viable and plays a key role in transforming the vehicles' life cycle. Investing in circular economy initiatives enables us to reduce the use of raw materials by reusing them through the dismantling processes. In addition, used parts in perfect condition, recovered from dismantled vehicles, are sold to end consumers through both physical and digital channels. All sales adhere to [Brazilian motor authority] Detran's traceability and safety regulations, ensuring compliance with the law and high-quality, certified parts with proven origin. This allows Stellantis to provide sustainable, transparent, and accessible products and services, for vehicles of all brands, without compromising on quality. The range of remanufactured parts is already well-established in Europe and the US, with over 10,000 parts and 40 component groups. Are there any plans to recycle batteries from electrified vehicles? If so, is there a timeline? We are closely monitoring market trends and demands, but this is a topic that is already on our radar. By Pedro Consoli Stellantis Brazil annual car recycling yield Material Amount Solids metric tonnes/yr Ferrous scrap 3,600 Plastics 720 Cast iron 360 Aluminum 200 Copper 64 Led-acid batteries 28.8 Tyres 16 Electronic components 10 Catalytic converters (units) 7,200 Total solids 4,999 Liquids liters/yr Engine oil 32,000 Transmission oil 28,000 Power steering fluid 2,400 Brake fluid 3,600 Coolant 16,000 Gasoline 48,000 Ethanol 60,000 Diesel 12,000 Total liquids 202,000 Source: Stellantis South America's parts and services department Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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