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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Recent deep-sea and short-sea cfr Turkey scrap deals
Recent deep-sea and short-sea cfr Turkey scrap deals
London, 25 February (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 17-Feb 40,000 365 (80:20) March/April Izmir Cont.Europe HMS 1/2 80:20, bonus, shred N 17-Feb 40,000 375 (80:20) March Izmir USA HMS 1/2 80:20, bonus, shred Y 17-Feb 40,000 375 (80:20) March Marmara USA HMS 1/2 80:20, bonus, shred Y 13-Feb 40,000 375 (80:20) March Turkey USA HMS 1/2 80:20, bonus N 12-Feb 30,000 375 (80:20) March/April Iskenderun USA HMS 1/2 80:20, bonus, shred Y 10-Feb 40,000 372 (80:20) March/April Izmir Scandinavia/Baltics HMS 1/2 80:20, bonus, shred N 10-Feb 40,000 372 (80:20) March/April Iskenderun Cont.Europe HMS 1/2 80:20, bonus, shred N Ferrous scrap short-sea trades (average composition price, cif Marmara) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 6-Feb 3,000 362 (80:20) January Samsun 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.
Argentina's economy swings to growth in 2025
Argentina's economy swings to growth in 2025
Montevideo, 24 February (Argus) — Argentina's economic activity expanded by 4.4pc in 2025, based on preliminary government data. The annual growth was below the government forecast of 5pc and the IMF's more modest 4.5pc growth, but much stronger than the 1.7pc contraction the previous year. The economy also contracted in 2023. December was the strongest month for growth in the fourth quarter of the year, expanding by an annual 3.5pc in December from the prior month, when the economy contracted by a revised annual 0.1pc, according to the statistics institute, Indec. It was the second best monthly performance since June and reversed a two-month slide. The strongest monthly expansion in 2025 was 7.7pc registered in April. The strongest performance for December was in agriculture, up 32.2pc compared from a year earlier. Output in fisheries rose by 18.3pc, financial intermediation rose by an annual 14.1pc and mining climbed by 9.1pc in December from a year earlier. Weighing on growth, manufacturing fell by an annual 3.9pc, hospitality by 1.5pc and retail by 1.3pc. President Javier Milei's government forecasts 5pc growth for 2026, while the IMF projects 4pc growth. Argentina is the IMF's largest creditor nation, with $41.8bn in credits from the IMF out of the $119.5bn owed the institution. The government is betting on a boost from labor reform legislation, which cleared most congressional hurdles in February, but still requires one more vote by the Senate, and additional bills that will make it easier to approve extractive projects. While still grappling with high inflation, the government has a bit more breathing room as the Argentinian peso has appreciated in trading against the US dollar so far this year, following the same pattern of other big economies in the region. The Argentinian peso appreciated 5.2pc between the start of the year and 23 February, second only to Brazil's real in the region. This compares to a 28.9pc depreciation for the peso in 2025. Inflation was running at an annual 32.4pc in January, quickening from 31.5pc in December. The government forecasts inflation to end the year at 10.1pc for 2026 in its annual budget, while the IMF estimates it at 16.4pc and international banks even higher, with JPMorgan forecasting 26pc and BBVA 22pc inflation this year. -By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UK to remove Turkish HDG quota exemption
UK to remove Turkish HDG quota exemption
London, 24 February (Argus) — UK hot-dip galvanised (HDG) imports from Turkey will lose developing economy status and come into the residual other countries quota, according to preliminary findings from the Trade Remedies Authority (TRA). The TRA opened the review in response to an application from Tata Steel, the UK's only galvanised steel producer, which argued that Turkish imports of metallic-coated sheet exceeded the 3pc exemption threshold in the 12 months to November. TRA's initial findings are that Turkey will lose its exemption and be part of the capped, other countries quota. The TRA will publish its final recommendation by the end of March, so any changes will likely be implemented on 1 April. UK HDG imports under the 7210 code from Turkey rose to 58,030t in 2025 from just 1,025t in 2024, according to GTT data. Total UK HDG imports exceeded 1mn t last year, giving Turkey a market share of roughly 5.8pc. Traders and buyers have suggested the increase in Turkish volumes was partly caused by a last-minute change to the other countries quota from 1 July, which saw South Korean and Vietnamese material stranded at ports. As a result, buyers effectively duplicated purchases of this material from Turkey. Argus reported in January that traders said Turkish HDG could fall within the UK safeguard from April because Turkish volumes had climbed rapidly in 2025. Industry sources at the time said Turkey supplied more than 4pc of UK HDG imports, including sales from the EU, and close to 10pc excluding EU imports, well above exemption levels. Turkish exporters said TRA's move was widely expected after the surge in Turkish HDG shipments in 2025. Turkish producers said sales into the EU have already slowed because of the CBAM, the upcoming post safeguard system and existing anti-dumping duties. As a result, the UK became an essential outlet in 2025 and margins are expected to tighten considerably if the UK quota exemption is removed. The TRA also indicated that it may broaden the investigation on removing the exemption to other developing country suppliers, including India, Vietnam, China, Brazil, Egypt, Morocco, Malaysia and South Africa. Traders and buyers are also concerned that there could be a multi-country dumping investigation at the behest of Tata. Talk of a case has been proliferating the market since summer 2025. By Elif Eyuboglu and Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Steel, scrap flows disrupted in southwest Mexico
Steel, scrap flows disrupted in southwest Mexico
Houston, 23 February (Argus) — Some steel and scrap shipments in the Mexican states of Jalisco and Michoacan were disrupted by road closures today after the Mexican military killed a cartel leader on Sunday. A military operation killed Nemesio Oseguera Cervantes, the leader of the Jalisco new generation cartel (CJNG), sparking retaliatory violence by cartel members. Reports of the cartel torching vehicles and buildings in the southwest of the country led to further road closures by police and military to limit damage. A flat steel distributor selling to end-users in the area told Argus that they have halted shipments to the west and to the Bajio region — which includes the states of San Luis Potosi, Queretaro and Guanajuato, just north of the most-affected area. Steelmakers Deacero, Grupo Acerero, Grupo Simec and Suacero operate mills in Bajio. None have reported closures or production outages because of the violence. A Bajio mill told Argus on Monday that some of their buyers closed warehouses further south. Several scrap dealers and buyers reported to Argus that their truck-borne cargoes have been caught behind roadblocks. Violence-related road closures stretched west from Guadalajara toward Puerto Vallarta and south to Manzanillo, Colima on Monday afternoon — the main import point for much of Mexico's Asian steel, according to traffic monitoring site Aliado. Global steelmaker ArcelorMittal operates a 6.5mn metric tonne (t)/yr blast furnace and electric arc furnace complex in Lazaro Cardenas, Michoacan, about 200 miles southeast down the coast from the port of Manzanillo. No damage or effect on operations has been reported at Lazaro Cardenas as of press time. Long steelmaker Grupo Simec also operates an EAF mill in Guadalajara. Operations were unaffected further north in the northeast and central steel-producing and scrap-consuming regions. By Marialuisa Rincon Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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