Steel raw materials
Overview
Argus’ comprehensive coverage of the global ferrous markets provide independent price assessments, news and market analysis for iron ore, coking coal, ferrous scrap, pig iron and steel.
Our global team of experts in China, Singapore, the UK and US deliver over 300 domestic and seaborne price assessments along with detailed market commentary on a daily basis to ensure our clients have complete mine to mill price coverage.
The ferrous portfolio includes established Argus price indices for 62pc and 65pc iron ore fines, Turkish ferrous scrap imports, and our fob Australia and cfr China premium hard coking coal indices.
Stay ahead of the ferrous metal markets
To be informed of relevant content, sign up to Argus Ferrous Market Highlights. Each newsletter issue provides key prices, selected news, downloadable insight papers, podcasts, and on-demand videos across the global ferrous markets. Our coverage spans steelmaking raw material markets, including coking coal and iron ore, steel markets, including flat, long and semi-finished, as well as line pipe and OCTG markets.
Sign up nowLatest steel raw materials news
Browse the latest market moving news on the steel raw materials industry
Brazilian steel slab exports double in February
Brazilian steel slab exports double in February
Sao Paulo, 6 March (Argus) — Brazilian steel slab exports more than doubled in February, led by gains in shipments to the US and EU, reflecting Brazil's advantage under the EU bloc's low-emissions policy. Total slab exports rose to 835,327 metric tonnes (t) last month, up from 384,170t a year earlier, customs data showed. Shipments increased to nearly all current destination markets in the Americas and Europe. Exports to EU member states surged to 210,000t, up from 50t a year earlier. Demand for Brazilian slab in Europe rose, underpinned by the country's relatively low default emissions values under the EU's Carbon Border Adjustment Mechanism (CBAM). Production issues at European mills also supported the increase, as they turned to South American subsidiaries to cover supply gaps. Italy was the only EU country to import Brazilian slab in February 2025, but this year trade resumed with four other member states. France ranked as the primary EU destination with 73,171t, while Brazilian mills shipped 60,647t to Spain, according to customs data. The US remained the largest buyer of Brazilian slab, as shipments to the country rose by 54pc to 536,940t compared with 348,595t the year prior. Demand for imported slab held firm despite 50pc tariffs on steel imports, as elevated downstream steel prices continued to offset higher import costs. Tight domestic supply, with several US mills facing production constraints, has supported prices and sustained import demand, sources said. Part of the surge in US imports in February may reflect shipments that were delayed in January, when exports to the US had virtually dried up. Shipments to other Latin American countries also increased as the region extended safeguard measures against Asian producers. Brazil exported 19,981t to Colombia, up from zero a year before. A Brazilian steelmaker increased exports to its own rolling mill in Mexico to 46,571t from nil a year earlier. By Isabel Filgueiras and Aaron May Brazilian slab exports t Country Feb 2026 Feb 2025 Difference ±% US 536,940 348,595 188,345 54.0 France 73,171 0 73,171 100.0 Spain 60,647 0 60,647 100.0 Mexico 46,571 0 46,571 100.0 Poland 40,514 0 40,514 100.0 Germany 28,832 0 28,832 100.0 Peru 20,325 8,954 11,371 127.0 Total 835,327 384,170 451,157 117.4 Brazil's ministry of development, industry and foreign trade data compiled by Global Trade Tracker Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Mexican steel trade down on tariffs in Jan
Mexican steel trade down on tariffs in Jan
Houston, 6 March (Argus) — Mexican steel imports and exports fell sharply on the year in January in response to both the US' and Mexico's own steel import tariffs, the latest data from steel chamber Canacero showed. January Mexican steel imports fell by 21pc to 793,000 metric tonnes (t) in January year on year after Mexico imposed import tariffs on more than 1,400 goods from non-trade treaty countries on 1 January. Tariffs on more than almost 300 steel and scrap grades rose to 35pc from a previous range of 0-35pc, depending on the specific grade. Mexico also imposed as low as 20pc and up to 50pc import tariffs on a handful of specific steel and scrap grades. Steel exports fell by 47pc to 166,000t in January compared with January 2025, pressured mainly by the US' announcement of 25pc steel import tariffs on 20 January, which were imposed on 12 March then doubled to 50pc on 30 May. The US remained Mexico's largest buyer of steel but its share of total Mexican steel exports fell to 43pc in January from 79pc in January 2025. Mexican steel production extended a two-year long slide, falling by 16pc to 1.343mn t in January compared to January 2025. Production has been continually hampered by tepid demand since early 2024. Steel consumption also extended losses, falling by 14pc to 1.97mn t in January from the prior-year month. Demand has been pressured since early 2024 on political, then economic, uncertainty and trade tensions with the US. By Marialuisa Rincon Mexican finished steel YTD 000s of metric tonnes, except ±% Jan-26 Jan-25 Difference ±% Production Hot-rolled coil (HRC) 325 328 -3 -0.9% Rebar 283 357 -74 -20.7% Cold-rolled coil (CRC) 229 288 -59 -20.5% Total* 1343 1598 -255 -16% Consumption HRC 397 439 -42 -9.6% Hot-dipped galvanized (HDG) 341 383 -42 -11% CRC 323 380 -57 -15% Total 1970 2290 -320 -14% Imports by country US 298 346 -48 -13.9% Japan 128 168 -40 -23.8% South Korea 99 133 -34 -25.6% Imports by product Alloyed 168 181 -13 -7.2% HDG 116 150 -34 -22.7% CRC 96 119 -23 -19.3% Total 793 1004 -211 -21% Exports by country US 71 248 -177 -71.4% Colombia 18 5 13 260% Canada 17 14 3 21.4% Exports by product Seamless tube 66 63 3 4.8% Rebar 16 21 -5 -23.8% Structural profiles 14 21 -7 -33.3% Total 166 312 -146 -46.8% Source: Canacero Totals include other products than those listed in this spreadsheet. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US sheds 92,000 jobs in Feb, jobless rate ticks up
US sheds 92,000 jobs in Feb, jobless rate ticks up
Houston, 6 March (Argus) — The US unexpectedly lost 92,000 jobs in February while revisions pulled December data into negative territory, evidence the labor market continues to weaken amid policy uncertainty and geopolitical strife. Analaysts were expecting about 60,000 job gains, according to a survey from Trading Economics, so Friday's Bureau of Labor Statistics (BLS) report of a drop comes is seen as a shock. January's data was revised downward by 4,000 jobs to 126,000 while December's was revised by 65,000, pushing that month to a 17,000 job loss. The US economy has been buffeted by President Donald Trump's heavy-handed use of tariffs to extract trade and diplomatic concessions, partial government shutdowns and sticky inflation that keeps lower-earning households from spending. Companies have generally been reluctant to hire amid the ongoing uncertainty and the latest war in the Middle East is only fueling energy inflation and policy uncertainty. The unemployment rate edged up to 4.4pc last month from 4.3pc, but remains at historically low levels. Average hourly earnings rose by 3.8pc in February from a year earlier, compared with 3.7pc in the prior month. Heath care jobs, a leader in recent months, fell by 28,000 in February, affected by strikes at some hospitals systems, following gains of 77,000 in January. Physician offices lost 37,000 jobs, also mainly on the strikes. Federal government jobs fell by 10,000 last month and are down by 330,000 since reaching a peak in October 2024. Manufacturing lost 12,000 jobs last month, with auto manufacturing down by 1,600. Jobs in manufacturing, which Trump has pledged to revive with his use of tariffs, are down by 98,000 since February 2025 and are at their lowest levels in four years. Construction lost 11,000 last month. Mining lost 2,000. Transportation and warehousing lost 11,000 jobs, even as air transport was up by 5,000. Financial activities gained 10,000 jobs after losing 30,000 the prior month. Leisure and hospitality lost 27,000 after losses of 12,000 the prior month. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
GM's Silao plant in Mexico may strike on 25 March
GM's Silao plant in Mexico may strike on 25 March
Houston, 5 March (Argus) — Workers at automaker General Motor (GM)'s Silao plant in Mexico may strike on 25 March following the suspension this week of contract talks between the firm and national independent automotive industry workers' union Sinttia. GM suspended talks for a week after three weeks of negotiations, Sinttia said on 3 March, adding that the workers will strike on 25 March. Silao produces 300,000 vehicles/yr, according to Sinttia. The union originally asked GM for a 20pc pay increase for workers. GM's counteroffer was "far below its real capacity," Sinttia said. It added that the gap between Silao workers and their US counterparts "remains enormous." GM is "negotiating in good faith, with absolute respect for the union process and its representatives," it told Argus . "Our goal is to maintain a cordial and constructive dialogue, always seeking common ground that allows this process to move forward." The firm is committed to reaching a "fair and sustainable agreement that benefits our employees and is favorable for all parties involved," it added. Sinttia said that 90pc of Silao's production goes to the US, leading GM to have its highest market share in the US since 2015. By Marialuisa Rincon Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
EU policy shifts to drive intra-EU steel trade
Global Long Steel Market Outlook
On Demand Webinars - 09/12/25Argus and LSEG Iron Ore Webinar: Current and future market trends
Explore our steel raw materials products
The Argus ferrous portfolio includes over 1,600 assessments and delivers unbiased price data, reports and market commentary from across coking coal, iron ore, ferrous scrap, steel and relevant freight rates.
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.