Argus Global Steel

Argus Global Steel covers flat steel including hot-rolled coil, cold-rolled coil, hot-dipped galvanised and plate; long steel including rebar, wire rod, merchant bars and H-beams; semi-finished steel including slab and billet; across Asia-Pacific, Europe, the Americas, the Middle East and Black Sea.

Regional price assessments are organised as follows.

China

• A full suite of domestic and export flat, long and semi-finished steel prices, including the Argus benchmark HRC fob Tianjin, China index.

ASEAN

• HRC cfr Vietnam, with assessments by origin: China, India, Japan, Taiwan and South Korea.

India

• Indian domestic and export flat steel price assessments.

Middle East and North Africa

• Regional flat and long steel price assessments.

Europe

• A full suite of domestic and import flat and long steel prices in North and South Europe, including the Argus benchmark HRC ex-works northwest Europe index.

US

• A full suite of domestic and import flat and long steel price assessments.

Latin America

• Regional domestic and import flat steel coverage.

Argus Global Steel is a price reporting service delivering over 200 independent price assessments, expert market commentary, news and downloadable data across global flat, long and semi-finished steel markets.

Assessments are based on spot market trades, bids, offers and a survey of active market participants conducted by trained reporters. For key markets, prices are based 75pc on a volume-weighted average of trades and 25pc on a market survey. Transactions are verified for price, volume, specifications and counterparty before inclusion.

Publication frequency is aligned to the liquidity of each market. Assessments are published:

• Daily for the most actively traded markets, including HRC fob China and European HRC.
• Weekly for regional flat, long and semi-finished markets.
• Monthly for lower-frequency assessments including merchant bars and select rebar markets.

• The Argus client portal with customisable, interactive dashboards.
• A daily PDF report and market briefing email.
• Downloadable data files covering steel trade, production and pricing.
• API and secure data feeds for system integration. The client portal also provides localised currency and unit-of-measure conversions, sophisticated charting, pushed content alerts and editor-curated dashboards bringing together steel content by region and a comprehensive global view of flat and long products markets. Each month, Argus publishes the Argus Ferrous Roundup — a monthly summary of the iron ore, coking coal, steel, scrap and pig iron markets, covering macroeconomics, imports and exports, price movements, news highlights and market commentary for the global ferrous markets. 
  
   

Yes. Argus Global Steel price assessments are used as benchmarks in physical supply contracts, futures contracts and bilateral negotiations across flat, long and semi-finished steel markets globally. Leading commodity exchanges including 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. Argus also publishes the Steel Benchmark Transparency Report as part of the Argus Global Steel service, providing detailed visibility into the data behind benchmark prices, including:

• The number of tonnes collected for the index.
• The types of transactions and order sizes that contributed to pricing.
• The composition of submitted data. Every month, Argus provides the numbers behind the numbers for its key steel benchmark prices — US HRC ex-works US, HRC fob Tianjin China and HRC ex-works northwest Europe — with details on transaction counts, volumes and trends in the data points used to form each index. 
  
   

The service delivers daily and weekly market news and expert analysis covering:

• Price drivers and regional supply-demand trends.
• Trade policy developments, import quotas and safeguard measures.
• Geopolitical events and their impact on steel trade flows and pricing. News is published in real time through the Argus client portal, in market briefing emails and in the daily end-of-day PDF report. 
  
   

Argus Global Steel publishes daily calculated production costs for three steelmaking routes, ex-works northwest Europe:

• Blast furnace-basic oxygen furnace (BF-BOF).
• Scrap-based electric arc furnace (EAF) with renewables.
• DRI-based EAF using natural gas, blue hydrogen and green hydrogen. Costs are based on raw material and energy inputs provided by SteelStat.
  
   

The service provides downloadable datasets covering:

• EU and UK steel import and export volumes.
• EU and UK steel safeguard quota balances by country and product.
• Global crude steel production data.
• Turkey steel imports and exports. These datasets are available in Excel for further business-specific interrogation, to create charts and tables for use in reports, and to build correlations with price data to detect potential leading indicators for price drivers. 
  
   
• EU trade measures on steel.
• US HRC and slab imports data.
• Brazil slab exports data.

These datasets are available in Excel for further business-specific interrogation, to create charts and tables for use in reports, and to build correlations with price data to detect potential leading indicators for price drivers.

Where insufficient verified trades exist, Argus reporters apply intelligent judgment based on bids, offers, exchange prices and supply-demand fundamentals, following a rigorous and replicable process overseen by a supervising editor.