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.
Cyclones disrupt BHP iron ore sales in January-March
Cyclones disrupt BHP iron ore sales in January-March
Sydney, 17 April (Argus) — Australian mineral producer BHP's iron ore sales fell by 3.9pc on the year in January-March, despite total production remaining largely flat, because of months of severe weather challenges in Australia. BHP iron ore output for the 2025 financial year will sit in the lower end of its 255mn-265.5mn t guidance , it said in February. BHP had expected to operate in the upper end of its guidance range before multiple cyclones hit Western Australia (WA) in January-February. The decline in BHP's production guidance comes entirely from its WA operations. The company increased its Brazilian Samarco iron ore production guidance closer to the upper end of its 5mn-5.5mn t range. BHP produced 1.6mn t of ore at Samarco in January-March, up by 39pc on the year. The company — which runs Samarco as a joint venture with Brazilian metal firm Vale — re-opened a concentration plant at the mine in December 2024. Total production at Samarco will reach 16mn t/yr by the end of the 2025 financial year, the company said on 17 April. But production declines at the company's WA mines were limited in January-March, decreasing by just 0.3pc on the year. This was partly because of the ramp up of production at BHP's South Flank mine in July-September 2024 . BHP's Samarco mine also buoyed its total iron ore sales in January-March. Exports from the site rose by 15pc on the year, partially offsetting a 4.3pc decline in shipments from the company's larger WA operations. Other producers also faced weather disruptions over January-March. Australian producer Mineral Resources revised down its 2025 iron ore production guidance by up to 2.4mn t after Cyclone Sean. Rio Tinto also lost 13mn t of shipments and will likely only reach the lower end of its production guidance range of 323mn-338mn t in 2025. By Avinash Govind BHP iron ore quarterly results Jan-Mar '25 Oct-Dec '24 Jan-March '24 q-o-q % ± y-o-y % ± Proudction (mn t) Western Australia 60.1 64.8 60.3 -7.1 -0.3 Samarco 1.6 1.5 1.2 11.1 39.3 Total 61.8 66.2 61.5 -6.7 0.5 Sales (mn t) Western Australia 59.2 64.3 61.9 -7.9 -4.3 Samarco 1.4 1.5 1.3 -4.2 14.9 Total 60.7 65.8 63.1 -7.9 -3.9 Source: BHP Argus' iron ore fines 62pc Fe price ($/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
HEVs drive Brazil's 1Q EV sales up as BEVs fall
HEVs drive Brazil's 1Q EV sales up as BEVs fall
Sao Paulo, 16 April (Argus) — Total Brazilian electric vehicle (EVs) sales were up in the first quarter, driven by increasing demand for hybrid vehicles (HEVs) as sales of battery electric vehicles (BEVs) tumbled. Overall EV sales in Brazil grew by almost 40pc in the first three months of the year to 50,074 units, led by HEVs — including plug-ins (PHEVs), non-plug-ins, and mild hybrids (MHEVs) — which saw a 70.5pc surge compared to the same period in 2024, according to Fenabrave, a private body that represents car dealerships in Brazil. EVs made up 12.5pc of the total Brazilian car market, a three percentage point increase year-on-year. PHEVs were the most popular choice for consumers seeking an EV, with 19,530 units sold on the first quarter, up 83.6pc from last year, according to data from the Brazilian electric vehicles' association (ABVE). BEVs accounted for 12,993 units sold, while MHEVs — vehicles with regular engines aided by small batteries that increase fuel efficiency but do not power the wheels — accounted for 10,724 units sold. A total of 7,402 non-plug-in HEVs were sold in the quarter. Although HEV sales rose, BEVs tumbled 8.3pc due to general consumer skepticism about the Brazilian charging infrastructure and increasing popularity of PHEVs because of its above-average fuel efficiency and the possibility of driving on regular fuels, such as gasoline and ethanol. BYD increases market dominance BYD, a Chinese carmaker, further increased its EV market share in Brazil in the first quarter on aggressive discounts for its HEVs. The Chinese brand, which only sells plug-ins and BEVs, offered discounts of over R20,000 ($3,400) per car plus other benefits in excess of R10,000 ($1,700) for their PHEVs. BYD sold around 11,710 PHEV units, more than double from the same period in 2024, and accounted for 31.4pc of the total HEV market in the first quarter, according to Fenabrave. Fiat, which debuted in the EV segment in November and only markets MHEVs, sold 7,400 units, taking second place with a 19.8pc market share in January-March. Great Wall Motors (GWM), another Chinese automaker, closed out the top three with 5,880 units in the period, holding 15.8pc market share. PHEVs are becoming increasingly popular in Brazil even in regions with a solid charging infrastructure, according to ABVE. Major cities such as Sao Paulo and Brasilia — the country's capital — were among the top plug-in buyers due to the possibility of daily driving in electric mode and travelling long ranges on hybrid. BYD's plug-ins can drive for 745 miles on a single tank of gas, on a fully charged battery and loaded tank. All types of EVs in Brazil are eligible for a yearly tax exemption of up to 4pc of the car's value in most states. Although BEV sales were down, BYD still managed to increase its dominant place in the market. The Chinese automaker sold 9,680 EVs in the first three months of the year, more than 75pc of the nearly 12,880 units sold in the period. According to the company, 7 out of 10 BEVs sold in Brazil are from BYD. Volvo followed with almost 1,200 sold EVs and GWM had the third-highest sales figures at just 814. Overall, BYD owns 42.7pc of the total Brazilian EV market, followed by Fiat at 14.8pc and GWM, with a 13.4pc market share. The two Chinese brands both plan to start manufacturing cars in Brazil by year's end. BYD also acquired mining rights for two separate lithium sites in the country in an effort to streamline its whole operation in the country, as it figures as its largest market outside of China. By Pedro Consoli Brazil EV sales units Brand 1Q 2025 1Q 2024 ±% Market share (%) Total EVs (BEVs, HEVs) BYD 21,384 14,920 43.3 42.7 Fiat 7,400 n/a n/a 14.8 GWM 6,693 5,735 16.7 13.4 Toyota 4,277 5,049 -16.2 8.5 Volvo 2,097 1,606 30.5 4.2 Mercedes Benz 1,765 1,166 51.3 3.5 Honda 1,207 567 112.8 2.4 Caoa Chery 1,203 2,105 -42.8 2.4 BMW 911 825 10.4 1.8 Porsche 687 41 1,575.6 1.4 Total (hybrid vehicles, EVs) 50,074 35,872 39.6 100 Electric vehicles (BEVs) BYD 9,678 10,052 -4 75.1 Volvo 1,196 596 101 9.2 GWM 814 1,892 -57 6.3 BMW 219 238 -8 1.7 Renault 176 187 -6 1.3 Porsche 155 41 278.0 1.2 Zeekr 141 n/a n/a 1.0 Mini 124 34 265 1.0 JAC 107 457 77 0.8 Mercedes Benz 38 39 -3 0.3 Total (EVs) 12,877 14,053 -8 100 Hybrid vehicles (HEVs, PHEVs, MHEVs) BYD 11,706 4,868 140.4 31.4 Fiat 7,400 n/a n/a 19.9 GWM 5,879 3,843 52.9 15.8 Toyota 4,277 5,049 -15.2 11.5 Mercedes Benz 1,727 1,127 53.2 4.6 Honda 1,207 567 112.8 3.2 Caoa Chery 1,203 2,105 -42.8 3.2 Volvo 901 1,010 -10.7 2.4 BMW 692 587 17.8 1.9 Jaguar Land Rover 627 816 -23.1 1.7 Total (hybrid vehicles) 37,197 21,819 70.5 100 Does not include all brands sold Source: Fenabrave 1Q Brazil electrified vehicles sales units Brazil EV year-on-year comparison per type units Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Japan’s Honda to produce more cars in US, less locally
Japan’s Honda to produce more cars in US, less locally
Tokyo, 16 April (Argus) — Japanese car producer Honda will produce a car model at its US facility instead of its domestic facility from as early as June, the company told Argus today, possibly to avoid the US' tariffs on foreign car deliveries. Honda will stop manufacturing the Civic Hybrid 5-door model at the country's eastern Yorii plant during June-July and switch the production to its US plant in the state of Indianna, the representative of the firm told Argus . Honda produced 3,000 units of the model during February and March, he added. This comes as part of the company's mid-to long term "optimisation strategy", according to the firm, reiterating that theproduction switch is not a countermeasure against the US' across-the-board 25pc tariff on automobile imports that took effect on 3 April. But this may not be entirely convincing since Honda just started producing the model in February, leaving room for speculation that the transfer is part of a wider strategy to reduce delivery costs to the US market. Honda did not disclose whether the Indiana plant will procure auto parts from its suppliers in Canada or Mexico . Japanese auto industry is still bracing for further developments in the US tariff policy on automobile and auto parts, although US president Donald Trump on 14 April suggested possibly pausing the tariff. Tokyo and Washington will hold a ministerial talk this week to negotiate trade issues, including the levy on auto delivery, along with the 24pc "reciprocal" tariffs the Trump administration separately imposed on Japanese imports. Japanese government is hoping to negotiate for a better tariff deal during the 90-day pause on the reciprocal tariff imposition by the US government, and the automobile industry is seen as a key sector to settle the deal. The US president has long expressed his dissatisfaction against the auto trade imbalance between two countries. Japan exported around 1.3mn units of passenger vehicles to the US in 2024, while Japan purchased around 23,000 units of US passenger vehicles in 2023. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia's Fortescue announces electric drills deal
Australia's Fortescue announces electric drills deal
Sydney, 16 April (Argus) — Australian iron ore and energy company Fortescue has announced a A$350mn ($222mn) deal with Swedish firm Epiroc to buy over 50 electric drill rigs aimed at reducing emissions at its iron ore operations in Western Australia (WA). Fortescue expects the drills to reduce annual diesel consumption by around 35mn litres once it fully replaces diesel-powered equipment by 2030. The new fleet will cut more than 90,000t of CO2 emissions annually, Fortescue Metals chief executive officer Dino Otranto said on 16 April. The fleet includes autonomous electric platform and contour drills, and the first equipment arrived at Fortescue's Solomon mine in early April. The deal is part of the company's plan to replace its diesel-powered equipment by 2030. It signed a $2.8bn deal with Swiss-German manufacturer Liebherr in 2024 for a battery-powered truck fleet for its mining operations. Fortescue plans to replace around 800 pieces of heavy mining equipment with zero emissions equivalents and deploy 2-3GW of renewable energy and battery storage across the Pilbara region by the end of this decade, Otranto said. Fortescue is currently building a 190MW solar farm at its Cloudbreak mine, which will reduce annual diesel consumption by a further 125mn l. Safeguard mechanism results The company reported covered scope 1 emissions of 1.96mn t of CO2e across seven facilities in the first compliance year of Australia's reformed safeguard mechanism , which was just over 100,000t of CO2e above a combined baseline of 1.85mn t of CO2e. Facilities earn Safeguard Mechanism Credits (SMCs) under the scheme if their emissions are below baseline or must surrender Australian Carbon Credit Units (ACCUs) or SMCs if emissions are above the threshold. Fortescue earned 49,749 SMCs for its Solomon Power Station and surrendered the units across four other facilities that exceeded their baselines. It also surrendered 57,753 ACCUs, while two of its facilities — the Christmas Creek Mine and Eliwana Mine — will have to manage a combined excess of 49,382t of CO2e in future under applications for multi-year monitoring periods (MYMP), which allow eligible facilities to report under the safeguard scheme for periods of up to five years ( see table ). Fortescue expected to exceed emissions baselines by around 120,000t of CO2e in the 2023-24 year, it said in 2024. ACCU generic, generic (No AD) and human-induced regeneration (HIR) spot prices have remained below A$35 ($22) over the past two months, having declined steadily from mid-November because of lower buying interest from safeguard companies and strong SMC issuances. By Juan Weik and Susannah Cornford Fortescue's 2023-24 safeguard mechanism results t CO2e Facility Covered emissions Baseline ACCUs surrendered SMCs surrendered SMCs issued MYMP net position Solomon Mine 452,137 390,033 42,926 19,178 Solomon Power Station 316,859 366,608 49,749 Christmas Creek Mine 372,251 351,986 20,265 Cloudbreak Mine 295,132 267,459 8,411 19,262 Rail 254,871 241,706 4,002 9,163 Eliwana Mine 164,894 135,777 29,117 Iron Bridge Mine 104,560 100,000 2,414 2,146 Total 1,960,704 1,853,569 57,753 49,749 49,749 49,382 Source: Clean Energy Regulator Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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