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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Browse the latest market moving news on the scrap industry.
European longs steel traders see weaker 2H
European longs steel traders see weaker 2H
London, 12 June (Argus) — Steel market participants are expecting a slower, lower-margin second half of 2026 following the supply-led rally in prices over the first half of the year. Long steel prices in particular rose very sharply in the several weeks following the outbreak of the war in the Middle East, with electric arc furnace mills highly exposed to rising energy costs. Supply constraints and regulatory uncertainty — fuelled first by the launch of the EU's Carbon Border Adjustment Mechanism (CBAM) and compounded by impending 1 July tightening to EU and UK steel quotas — drove buyer restocking over the past several months. But now, trading sources note, the attention of steel market participants is shifting from supply over to demand, which is lacking. As per Argus ' assessments, following the outbreak of the US-Israel war with Iran at the start of March, rebar prices rose €167.50/t ($194/t) in Italy by the end of May, and by €100/t in Germany and Spain over the same period. Many traders held significant inventory at the time the war broke out, having stocked up ahead of CBAM, so benefited greatly from the surge in prices. But a source at a major European trading firm said margins in the second half of the year are set to be much weaker, as prices are softening on weak demand. Argus ' monthly German rebar assessment fell by €15/t on 10 June to €695/t delivered, while the weekly domestic Italian assessment has fallen by €25/t so far this month, standing at €705/t ex-works as of 10 June. Market participants have noted that prices for finished products did not match the swift gains of mills' long steel prices over March-May. At the same time, several traders have commented that the steel and other commodity markets have become less reactive to the developments in the Middle East war. Escalated strikes by the US in Iran this week prompted little or no movement in either steel or oil prices. Many market participants are, however, concerned about the medium-term deflationary impact of what they believe would be an oversupply of oil if the strait of Hormuz were to open. For the time being, the European Central Bank's interest rate hike yesterday sets the tone for the next few months — with construction projects already facing elevated material and transport costs, higher borrowing costs will weigh on housing demand. By Brendan Kjellberg-Motton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Western Australia backs 450,000 t/yr EAF steel mill
Western Australia backs 450,000 t/yr EAF steel mill
Sydney, 12 June (Argus) — Western Australia's (WA) state Labor government is set to invest A$9.8mn ($6.9mn) in Generation Steel, supporting the company's planned Collie electric arc furnace (EAF) mill, which will produce 450,000 t/yr of rebar from recycled scrap. The state funds will be matched by Generation and go towards completing pre-development activities after a bankable feasibility study confirmed the project's viability, WA premier Roger Cook said on 12 June. The pledge follows a previous A$4.5mn commitment from the government for the facility. WA issued an expression of interest for offtake-ready low-emission steel products in November 2025. Generation, previously known as Green Steel of WA, is targeting a final investment decision by late 2026, with construction starting shortly afterwards and first steel production within 24 months. The Collie EAF is set to be the state's first steel mill and the first new steel mill to be constructed in Australia in more than 30 years. The state's Pilbara region is the world's largest source of iron ore — the most critical input of steel manufacturing. Australian methane pyrolysis developer Hazer signed a letter of intent with Generation in March to supply up to 85,000t of graphite over a 10-year term, for use in the EAF. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US wholesale inflation surges to 6.5pc in May
US wholesale inflation surges to 6.5pc in May
Houston, 11 June (Argus) — US wholesale inflation surged to an annual 6.5pc in May, led by an energy price spike unleased by the Mideast Gulf war. Prices paid to US producers (PPI) rose to its highest level since November 2022 from an annual 5.7pc in April and 4.3pc in March, according to the Bureau of Labor Statistics (BLS) . Economists surveyed by Trading Economics forecast a median PPI gain of 6.4pc. Wholesale prices started the year at 3.1pc. So-called core PPI, which strips out more volatile food and energy, rose by a more moderate 4.9pc in May, matching its gain in April. On a monthly basis, May marked a second month of 1.1pc PPI inflation, following 0.7pc in March and 0.5pc in February. Core PPI rose by 0.4pc on the month. "This PPI report shows an intensifying shock to goods prices and an uptick in underlying services prices too," Pantheon Macroeconomics said in a note. "We continue to think that inflation will fall sharply around the turn of the year, as growth in wages and rents continues to slow, and as tariff-related price rises continue to drop." The PPI report comes one day after the BLS reported that the consumer price index (CPI) rose by an annual 4.2pc in May, the highest gain in three years. Futures markets show a 98pc probability the Federal Reserve will hold its target rate unchanged at its 17 June policy meeting, with nearly 70pc odds of at least a quarter-point increase by the end of the year. PPI for goods rose by an annual 10.4pc in May following a gain of 7.4pc in April. PPI for services rose by 4.9pc. Energy PPI rose by 36.6pc in May following a 22.7pc gain in April. Energy for export rose by 72.3pc in May following a 50pc increase in April. PPI for finished consumer energy goods rose by 30pc in May after rising 17.8pc in April. Food PPI rose by 2.6pc in May following a 2.2pc gain in April By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US Steel invests $2.5bn for Mon Valley upgrade
US Steel invests $2.5bn for Mon Valley upgrade
Houston, 10 June (Argus) — US Steel plans to invest up to $2.5bn in upgrades for its Mon Valley Works manufacturing facilities south of Pittsburgh. The project will add a new state-of-the-art strip mill and replace the 87-year-old strip mill at the Edgar Thomson Plant in Braddock, Pennsylvania, as part of an expansion. Nippon Steel, which acquired US Steel in a $15bn deal last year, said the Mon Valley work will generate $58bn in state and local tax revenue in the coming years. Nippon Steel originally pledged to invest no less than $1bn for Mon Valley Works back in August 2024 The company plans to invest $11bn in all of US Steel's US operations by 2028. By Emma DeArman Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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