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 Al can recycling rate rises in 2023
US Al can recycling rate rises in 2023
Houston, 5 December (Argus) — US consumers recycled cans at a slightly higher rate in 2023 than in 2022, but still below pre-Covid-19 levels. Consumers recycled 43pc of their aluminum cans — about 46bn cans — in 2023, up from 42pc in 2022 but still down from 46pc in 2019. They threw away about 61bn cans, which would be worth about $1.2bn, according to a report from the Aluminum Association (AA) and the Can Manufacturers Institute (CMI). US aluminum producers recycled 57pc of beverage can scrap in 2023, down from nearly 59pc the year before but up from 56pc in 2019. The closed-loop circularity rate for aluminum cans, which measures what percentage of recycled beverage containers is used to make new beverage containers, rose to 97pc in 2023 from 93pc in 2021. US aluminum producers reported that average new beverage can is made up of 71pc recycled material, including 33pc used beverage can (UBC) scrap. CMI members seek to achieve a total recycling rate of 70pc by 2030, 80pc by 2040, and 90pc by 2050. The CMI and AA are pushing for expanded access to deposit return systems (DRS), where consumers receive a small refund whenever they deposit UBCs in certain containers. Consumers recycle 77pc of cans in states with a DRS compared with 36pc of cans in states without one. The two associations did not offer any timeline on any new state or nationwide DRS but did predict that national DRS coverage would increase the recycling rate by 48 percentage points. By Cole Sullivan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Recent deep-sea and short-sea cfr Turkey scrap deals
Recent deep-sea and short-sea cfr Turkey scrap deals
London, 5 December (Argus) — A summary of the most recent deep-sea and short-sea cfr Turkey ferrous scrap deals seen by Argus. Ferrous scrap short-sea trades (average composition price, cif Marmara) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 25-Nov 5,000 335 November Izmir Adriatics HMS 1/2 80:20 Y 25-Nov 3,000 335 November Izmir Romania HMS 1/2 80:20 Y 22-Nov 3,000 334 November Izmir Romania HMS 1/2 80:20 Y 21-Nov 3,000 334 November Izmir Romania HMS 1/2 80:20 Y 19-Nov 5,000 345 November Izmir Greece HMS 1/2 80:20, shred Y 19-Nov 2,000 342 November Izmir Malta HMS 1/2 80:20, shred Y 12-Nov 3,000 348 November Izmir Romania HMS 1/2 80:20 N 12-Nov 5,000 350 November Izmir Croatia HMS 1/2 80:20 N 12-Nov 5,000 350 November Turkey France HMS 1/2 80:20 Y 12-Nov 10,000 351 November Marmara France HMS 1/2 80:20 Y Ferrous scrap deep-sea trades (average composition price, cfr Turkey) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 2-Dec 40,000 337 (80:20) January Turkey Baltics/Scandinavia HMS 1/2 80:20, bonus Y 29-Nov 40,000 336.50 (80:20) January Marmara Baltics/Scandinavia HMS 1/2 80:20, bonus N 29-Nov 40,000 333 (80:20) January Izmir Cont. Europe HMS 1/2 80:20, shred, bonus Y 28-Nov 40,000 337.50 (80:20) January Izmir Baltics/Scandinavia HMS 1/2 80:20, shred, bonus Y 27-Nov 40,000 342 (80:20) December Marmara USA HMS 1/2 80:20, shred, bonus Y 26-Nov 40,000 337 (80:20) December Iskenderun Cont. Europe HMS 1/2 80:20, bonus Y 22-Nov 40,000 344 (80:20) December Marmara Scandinavia HMS 1/2 80:20, bonus Y 20-Nov 40,000 345 (80:20) December Marmara Scandinavia HMS 1/2 80:20, shred, bonus Y 20-Nov 20,000 340 (80:20) December Iskenderun UK HMS 1/2 80:20 Y Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
European scrap usage to rise by 15mn-19mn t by 2030
European scrap usage to rise by 15mn-19mn t by 2030
London, 5 December (Argus) — Investments in green steel production, which will increase DRI-EAF capacities at European mills, are expected to generate an additional 15mn-19mn t of scrap consumption, consulting firm Arthur D Little said this week at an industry event in Istanbul. These new capacities are expected to reduce the availability of high-grade scrap and increase prices, the consulting firm noted. New scrap, generated from manufacturing, in Europe is estimated to be in shortage of 9mn-14mn t by 2030, assuming all DRI capacity is used. But this could be partially offset through the use of old scrap, generated from sources such as demolition, which is not expected to be in shortage, Arthur D Little said. Furthermore, in the case of higher scrap prices, improved collection could make an additional 10mn-15mn t of demolition scrap available. Every steel player is looking at scrap as it is the easiest way to decarbonise so it is a race to secure scrap supply, the consulting firm said. In the past couple of years, steel producers such as ArcelorMittal , Salzgitter and Gerdau , among others, have all acquired scrap recycling companies. The company noted that Turkey's reliance on European and US scrap has increased over the past four years owing to reduced trade with Russia. "Moving forward, Turkey should diversify its trade routes and increase trade volume with Africa and the Middle East as scrap demand rises with stricter global environmental regulations, European steelmakers pushing the EU to restrict scrap exports being an example of this," Arthur D Little said. Last year, the European Parliament voted to approve a proposal for the revision of its waste shipment regulation that imposed controls on its exports of scrap metal to non-OECD countries. By Carlo Da Cas Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
US OCTG, line pipe imports drop for October
US OCTG, line pipe imports drop for October
Houston, 4 December (Argus) — US pipe and tube imports plunged in October. US OCTG volumes dropped by 71,900 metric tonnes (t) from the prior year to 67,600t in October, according to preliminary data from the US Department of Commerce. Shipments from Germany and Thailand plunged by 14,600t and 17,100t, respectively, from the prior year to essentially zero in October. South Korean volumes dropped by 18,800t to 9,600t, while Japanese shipments declined by 12,800t to 4,500t. Line pipe volumes dropped by 20,700t from the prior year to 68,100t for October. Lower volumes of unspecified diameter line pipe and line pipe of diameters of 16in or less led the declines in line pipe imports. Unspecified line pipe volumes dropped by 12,800t from the prior year to 21,400t, while 16in or less diameter line pipe volume fell by 13,600t to 23,000t. Vietnam's shipments of unspecified diameter line pipe dropped to near-zero from 7,200t the same period prior year. India's shipments of 16in or less diameter line pipe dropped by 4,400t from the prior year to near zero, while Romanian volumes dropped by 3,100t. Shipments of line pipe greater than 16in rose by 5,500t to 23,400t. By Rye Druzchetta US pipe and tube preliminary imports metric tonnes Product Oct-24 Oct-23 Difference ±% Sep-24 OCTG 67,596 139,489 -71,893 -51.5% 113,737 Line pipe 68,068 88,776 -20,708 -23.3% 85,865 Standard 61,568 69,400 -7,832 -11.3% 55,028 Heavy Structural Shapes 77,627 75,846 1,781 2.3% 40,560 US Department of Commerce; October 2024 data is preliminary data, which is subject to change. *Line pipe is all diameters. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Mexico steelmaking expansions fuel scrap demand
Podcast - 13/09/23Metal Movers: Closing the e-waste loop with EERA
Insight papers - 28/06/22Houston, we have a ferrous scrap problem
Houston is a lot of things: The fourth largest city in the US, a global energy hub, a diverse place with vibrant food and culture, NASA's base of operations and, lest we forget, hot, humid and stubbornly hurricane-prone.
Explore our scrap products
Understand price movements across ferrous and non-ferrous scrap, including the regional drivers and limiters with focuses views of the US, Europe and Asia. Explore our related services below.
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
