Argus Global Steel
Argus Global Steel provides reliable, independent steel price assessments, including key benchmarks such as hot-rolled coil (HRC) fob Tianjin, China, and HRC ex-works northwest Europe. These industry-standard indexes are used by mills, processors, manufacturers and trading companies globally to settle supply contracts and support informed commercial decisions.
Leading commodity exchanges such as the London Metal Exchange and Chicago Mercantile Exchange rely on Argus’ steel price benchmarks as the basis for the settlement of futures contracts for HRC in China and Europe, cementing Argus’ reputation as a trusted and independent provider of benchmark global steel prices.
With the Steel Benchmark Transparency Report, part of the Argus Global Steel service, Argus offers clients detailed visibility into the data behind benchmark prices. Each report answers critical market questions:
- How many tonnes were collected for the index?
- What types of transactions and order sizes contributed to the pricing?
- What is the composition of submitted data?
This level of detail, combined with a formalised steel price methodology, offers unmatched pricing transparency for buyers, sellers and risk managers across the steel supply chain. Argus’ updated US HRC index has already gathered more than 370,000 short tons of spot transactions dating back to 2024 and continues to attract consistent data submissions from the market’s key players who find the approach a refreshing change to legacy pricing mechanisms.
In addition to the bellwether steel sheet prices and data, Argus produces global price assessments for other flat-rolled and long products. Detailed coverage provides clients with a comprehensive view of market dynamics around the world. This is supported by robust data on trading volumes in Excel files, as well as news and analysis on geopolitics, trade measures, fundamentals and other important market developments that can affect steel prices.
Clients of Argus Global Steel will be well prepared to negotiate supply contracts, conclude spot deals, take advantage of arbitrage opportunities and plan raw material costs based on the detailed regional coverage that Argus provides on key finished and semi-finished steel products.
Key features
Unbiased price assessments
Argus offers independent, market-reflective pricing on finished steel products, free from speculative or vested interests. These assessments are trusted globally and used in procurement contracts and trade agreements.
Interactive dashboards
Editor-curated work spaces bring together steel content by region, as well as a comprehensive global view of the flat and long products markets.
Global benchmark indexes
Robust and reliable prices trusted by exchanges to underpin futures contracts, used by physical participants to index supply contracts and as references in bilateral negotiations.
Daily market intelligence and breaking news
A global steel news service with teams in Asia, Europe and the Americas covering breaking developments from the world’s steel markets, wherever you are.
In-depth market analysis
Beyond raw numbers, Argus provides context-rich insights into the economic, regulatory and geopolitical factors driving price movements.
Unrivalled methodology
Argus Global Steel is underpinned by the most robust, transparent and credible methodology, developed with the industry to ensure our price assessments are a true reflection of how the markets trade.
Customers that benefit
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Steel producers
Steel producers use Argus Global Steel price data to index sales contracts to the market, ensuring their customer agreements are durable over time and resilient to price volatility. -
Processors and distributors
Processors that process steel for manufacturers rely on Argus Global Steel to protect their inventory margins.
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Manufacturers/End-users
Manufacturers use Argus’ unbiased price indexes to link to their supply contracts, plan purchasing strategies and protect margins. -
Traders
Traders identifying arbitrage opportunities can link to Argus indexes, reassured by the knowledge that our assessments are impartial, robust and reliable.
Product specifications
Argus Global Steel gives you access to indexation-quality, independent prices, news and analysis across the global markets of flat, long and semi-finished steel, accessible through a daily PDF report and client portal, monthly round-up PDF and other delivery methods.