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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Iranian steel plants damaged by air strikes: Update
Iranian steel plants damaged by air strikes: Update
Updates with confirmed MSC damage. London, 27 March (Argus) — Iranian steelmakers Khouzestan Steel (KhSC) and Mobarakeh Steel (MSC) were hit by air strikes attributed to the US and Israel on Friday, with damage to storage and power infrastructure, officials said. The attacks are expected to reduce Iran's billet and slab production and export capacity. KhSC — Iran's second-largest steelmaker, with crude steel output of 4.2mn t last year — sustained hits to two storage silos, Khuzestan governorate security deputy Velayat Hayati said. Initial assessments indicate no impact at blast furnaces 1 and 2, which were off line at the time. The facility reported no casualties or injuries. Esfahan-based MSC — which produced 7.1mn t of steel in 2025 — suffered damage to a substation, an alloy steel line and power units, according to on-site reports. Production checks are continuing, with potential short-term outages at some units, although full capacity details are pending expert evaluation. MSC confirmed late in the day that direct-reduction facilities and parts of its 914MW and 250MW power units in Esfahan were hit, with electricity supply to the steel plant likely to be affected. The incidents follow a strike on Foolad Atieh (Asia Steel) on Thursday, which killed one person and injured two. No official production-loss figures were released, but market participants expect minor domestic billet and slab price changes. An industry ministry spokesperson confirmed partial damage to the facility and operations are suspended for safety checks. "We are assessing damage, shipments are delayed," a source said. Several steel producers in Iran face gas and power shortages as a result of recent attacks on the South Pars gas field. Iran's semi-finished exports amounted to around 550,000 t/month in 2024, according to Worldsteel data — about twice the level reported under Iranian customs data for HS code 7207. Iran is preparing retaliatory strikes on Gulf steel producers, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. Plants listed include Saudi Arabia's Hadeed, the UAE's Emsteel, Qatar Steel, Kuwait Steel, Bahrain Steel and Israel's Yehuda Steel. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iranian steel plants damaged by air strikes: Update
Iranian steel plants damaged by air strikes: Update
Updates with threat to retaliatory strikes to Gulf steel producers in last paragraph. London, 27 March (Argus) — Iranian steelmakers Khouzestan Steel (KhSC) and Mobarakeh Steel were hit by air strikes attributed to the US and Israel on Friday, which damaged storage facilities and power infrastructure, officials said. The attacks are expected to reduce Iran's billet and slab production and export capacity. KhSC, Iran's second-largest steelmaker with 2025 crude steel output of 4.2mn t, sustained hits to two storage silos, Khuzestan governorate security deputy Velayat Hayati said. Initial assessments indicate no impact on blast furnaces 1 and 2, which were off line at the time. The facility reported no casualties or injuries. Esfahan-based MSC, which produced 7.1mn t of steel in 2025, suffered damage to a substation, an alloy steel line and a power plant, according to on-site reports. Production checks are continuing, with potential short-term outages at affected units, but full capacity details are pending expert evaluation. The incidents follow a strike on Foolad Atieh (Asia Steel) on Thursday, which killed one person and injured two. No official production loss figures were released, but market participants expect minor domestic billet and slab price changes. An industry ministry spokesperson confirmed partial facility damage. Operations are suspended pending safety checks. "We are assessing damage, shipments are delayed," a source said. Several steel producers in Iran face gas and power shortages as a result of recent attacks on the South Pars gas field. Iran's semi-finished exports amounted to around 550,000 t/month in 2024, according to Worldsteel data, about twice the level reported under Iranian customs data under HS code 7207. Iran is preparing retaliatory strikes on Gulf steel producers, according to Iran's Tasnim news agency, which is linked to the Islamic Revolutionary Guard Corps. The plants listed include Saudi's Hadeed, UAE's Emsteel, Qatar Steel, Kuwait Steel, Bahrain Steel and Israel's Yehuda Steel. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trader books large Vietnamese HDG cargo for UK
Trader books large Vietnamese HDG cargo for UK
London, 27 March (Argus) — One trader has booked around 15,000t of Vietnamese hot-dip galvanised (HDG) coil for the UK, despite the unclear quota situation, market sources have told Argus . The tonnes were booked from two mills for September arrival and fourth-quarter clearance. The trader started booking the material shortly after a proposed quota from the Department of Business and Trade was leaked — as first reported by Argus — despite believing it would probably be revised lower as the domestic producer is dissatisfied with the size of the Vietnamese quota . Vietnam's proposed duty-exempt quota was 174,367t, up from less than 51,000t under the current mechanism. The trader appears to be booking on the assumption the new quota will be broadly in line with, if not higher than, the current volume. Material outside of tariff-rate quota volumes will be levied at 50pc from 1 July. Some suggested it was a bold move, given the uncertainty over the quotas, while others said there would be strong margins, even with some duties payable, given the likely escalation in coil prices. Hot-rolled coil prices have soared in recent weeks, after the domestic producer hiked before the proposed quotas leaked . Argus ' weekly UK HRC assessment has jumped by £140/t over the course of March, and stood at £675/t ddp on 26 March. Over the same period, hot-rolled coil sheet prices have moved from around £550/t to as high as £850/t. An anti-dumping probe is possible at some point — there has been talk about this for Vietnam and South Korea since mid-2025, but nothing has materialised. Any pending case — and no petition has been submitted — would be likely to involve Turkey too. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iranian steel plants damaged by air strikes
Iranian steel plants damaged by air strikes
London, 27 March (Argus) — Iranian steelmakers Khouzestan Steel (KhSC) and Mobarakeh Steel were hit by air strikes attributed to the US and Israel on Friday, which damaged storage facilities and power infrastructure, officials said. The attacks are expected to reduce Iran's billet and slab production and export capacity. KhSC, Iran's second-largest steelmaker with 2025 crude steel output of 4.2mn t, sustained hits to two storage silos, Khuzestan governorate security deputy Velayat Hayati said. Initial assessments indicate no impact on blast furnaces 1 and 2, which were off line at the time. The facility reported no casualties or injuries. Esfahan-based MSC, which produced 7.1mn t of steel in 2025, suffered damage to a substation, an alloy steel line and a power plant, according to on-site reports. Production checks are continuing, with potential short-term outages at affected units, but full capacity details are pending expert evaluation. The incidents follow a strike on Foolad Atieh (Asia Steel) on Thursday, which killed one person and injured two. No official production loss figures were released, but market participants expect minor domestic billet and slab price changes. An industry ministry spokesperson confirmed partial facility damage. Operations are suspended pending safety checks. "We are assessing damage, shipments are delayed," a source said. Several steel producers in Iran face gas and power shortages as a result of recent attacks on the South Pars gas field. Iran's semi-finished exports amounted to around 550,000 t/month in 2024, according to Worldsteel data, about twice the level reported under Iranian customs data under HS code 7207. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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