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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.
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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.
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Derailment closes Australian fertilizer and copper line
Derailment closes Australian fertilizer and copper line
Sydney, 8 December (Argus) — Australia's Mount Isa rail line remains shut after three locomotives and a wagon carrying zinc and copper derailed on 5 December. Repairs are underway and all freight is being held until further notice, Australian rail operator Queensland Rail told Argus on 8 December. The derailed freight was carrying zinc and copper from Glencore's operations in Mount Isa and there was no major spillage, Glencore said. The last closure of the railway was caused by torrential rains in February and lasted for 11 days . The railway runs around 900km east to Townsville from Mount Isa transporting mainly fertilizer, concentrates and cement. Australian fertilizer distributor Incitec Pivot uses Townsville port to export ammonium phosphate fertilizers from the 769,000 t/yr Phosphate Hill manufacturing plant 160km south of Mount Isa. MAP and DAP exports from Townsville reached 443,900t in January-October, Australian Bureau of Statistics data show. Australian phosphate producer PRL made its first shipment of phosphate rock since acquiring the 650,000 t/yr Ardmore mine via the port of Townsville. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Mexico steel output, demand down year-to-date Oct
Mexico steel output, demand down year-to-date Oct
Houston, 5 December (Argus) — Mexican steel production and consumption fell year-to-date October, extending an almost two-year slide amid an ongoing demand glut in the country. Production fell by 9pc to 14mn metric tonnes (t) year-to-date October from a year earlier, according to steel chamber Canacero. The most-produced products were rebar, hot-rolled coil (HRC) and hot-dipped galvanized (HDG). Year-to-date October consumption declined by 10pc to 21mn t. The most-consumed products were HDG, HRC and cold-rolled coil (CRC). Year-to-date October exports decreased by 16pc to 2mn t, largely pressured by a 27pc drop in steel exports to the US. Mexico, in turn, has turned to Canada and Central America as steel importers this year, with Canada's share rising by 35pc year-to-date October and Guatemala's by 49pc in the same period. Imports fell by 13pc to 9.1mn t year-to-date October from a year earlier. The Mexican steel market has faced falling demand since early 2024 on economic uncertainty and pressure wrought from the US's 50pc import tariffs, essentially cutting off Mexico's closest steel trading partner. Recovery for flat steel demand is not expected until at least mid-2026, when the US-Mexico-Canada Agreement comes up for re-negotiation. Long products could see a boost in the first quarter, however, as the government proposed spend on roads and rail in the 2026 budget. By Marialuisa Rincon Mexican finished steel YTD 000s of metric tonnes, except ±% Oct-25 Oct-24 Difference ±% Production Rebar 3,171 3,257 -86 -2.6% Hot-rolled coil (HRC) 2,735 3,114 -379 -12.2% Hot-dipped galvanized (HDG) 2,633 2,844 -211 -7.4% Total* 14,039 15,372 -1,333 -8.7% Consumption HDG 3,806 3,872 -66 -1.7% HRC 3,619 4,290 -671 -15.6% Cold-rolled coil (CRC) 3,532 4,097 -565 -13.8% Total 21,059 23,390 -2,331 -10% Imports by country US 3,318 3,314 4 0.1% Japan 1,453 1,541 -88 -5.7% South Korea 1,433 1,698 -265 -15.6% Imports by product Alloyed 1,680 1,544 136 8.8% HDG 1,337 1,427 -90 -6.3% CRC 1,092 1,515 -423 -27.9% Total 9,100 10,506 -1,406 -13.4% Exports by country US 1,386 1,897 -511 -26.9% Canada 131 97 34 35.1% Guatemala 85 57 28 49.1% Exports by product Seamless tube 560 564 -4 -0.7% Wire 252 272 -20 -7.4% Tube with seams ≤ 406.4 mm 219 274 -55 -20.1% Total 2,080 2,488 -408 -16.4% Source: Canacero Totals include other products than those listed in this spreadsheet. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
EU registers CR flat steel imports from five countries
EU registers CR flat steel imports from five countries
London, 5 December (Argus) — The EU will start registering certain cold-rolled flat steel imports from India, Japan, Taiwan, Turkey and Vietnam as part of an ongoing anti-dumping investigation. The registration applies from 4 December and will remain in place until the investigation concludes. It will allow the bloc to impose duties retroactively if the probe confirms dumping into the EU. The European Commission launched the investigation in September and provisional duties are expected within seven months, as previously reported . The investigation will assess the period 1 July 2024-30 June 2025. By Elif Eyuboglu Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Glencore to raise global copper production by 2035
Glencore to raise global copper production by 2035
Sydney, 4 December (Argus) — Global metals producer Glencore expects to increase its copper output to 1.6mn t by 2035, on the back of mine expansions, but faces short-term copper challenges. It plans to produce 1.1mn t of copper in 2029, up from 850,000-875,000t in 2025, Glencore told investors in a capital markets day presentation on 3 December. It will then further increase production to around 1.6mn t by 2035, the company added. Glencore's copper growth will come largely from the planned mine developments and restart projects (see table) over the next few years, including the 2028 reopening of its Alumbrera mine in Argentina. Development work at the company's Collahuasi mine — a joint venture with UK-South African producer Anglo American and Mitsui-owned producer Japan Collahuasi — in Chile will also support its growth plan. The project will increase Glencore's long-term output but has dampened its short-term production outlook. The company cut its 2026 copper production guidance to 810,000–870,000t on 3 December, from 930,000t in February, because of mine plan changes at the site. Total production at Collahuasi fell by 31pc on the year in July-September, from 431,200t to 297,000t, because of lower ore grades, data from Chilean copper commission Chochilco show. The mine will operate at a reduced rate in 2026 because of development work, Anglo American told investors on 29 October. Glencore also cut the upper bound of its 2025 copper production guidance from 890,000t to 875,000t in late October because of operational and ore grade issues. It expects to produce at the lower end of its 850,000–875,000t range over the year. The company mined 583,500t of copper in January-September, down by 17pc on the year. By Avinash Govind Glencore Copper Projects Project Location Date Production (Average LOM, '000t) Alumbrera Restart Argentina 1H 2028 75 Collahuasi - LG stockpile leeching Chile 2028 22 Antapaccay - Coroccohuayco Peru 2H 2029 148 MUMI - Sulphides Democratic Republic of Congo 2031 97 Agua Rica Argentina 2H 2031 156 NewRange - stage 1 USA 2031 18 Collahuasi - New concentrator Chile 2H 2033 142 El Pachon Argentina 2034 338 NewRange - stage 2 USA 2037 55 Antapaccay district Peru 2037 201 *LOM: Life of mine Source: Glencore Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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