Steel raw materials
Complete mine-to-mill steel raw materials coverage featuring daily pricing, forecasts, news and expert analysis.
Overview
Argus provides comprehensive and independent coverage of global steelmaking raw materials markets, delivering trusted price assessments, market intelligence and analysis across iron ore, coking coal, pig iron and other critical inputs used in blast‑furnace and electric‑arc‑furnace production, supporting cost visibility and stronger insight across the steel production process.
Argus provides steelmakers, miners and traders with robust visibility into raw material cost formation across the steel production lifecycle. Daily assessments and analysis capture supply fundamentals, international trade flows, mill buying patterns as reflected in physical transactions, tenders and spot market activity, and the key pricing drivers influencing iron ore, metallurgical coal and ferrous feedstocks. This is supported by a broad set of proprietary datasets, including iron ore shipment tracking, mine project intelligence, and Asia‑Pacific coking coal and PCI deal coverage, enabling clearer insight into upstream supply conditions that shape steelmaking costs and margins.
As part of the Argus Steelmaking Raw Materials service, all benchmark prices and supplementary datasets are integrated to give clients a cohesive, end‑to‑end view of raw material markets. The service includes a suite of established benchmark indices relied upon by miners, steel mills, traders and financial participants. Key assessments include the ICX 62% Fe and ICX 61% Fe iron ore indices, the Argus Asia‑Pacific Coking Coal benchmark and the US Coking Coal price assessments—core reference points used for physical contracting, indexation and risk management across global metallurgical coal and iron ore markets. These benchmarks are complemented by Argus pricing for international ferrous scrap (available in Argus Scrap Markets), pig iron, green steel production cost calculations, and the Argus Steelmaking Raw Materials Outlook helping support strategic sourcing, hedging strategies and cost‑modeling across the global ferrous industry.
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Australia's Core Lithium to buy Bynoe project
Australia's Core Lithium to buy Bynoe project
Sydney, 19 June (Argus) — Australian producer Core Lithium will buy 100pc of the Bynoe lithium project, located in the Northern Territory, from developer Charger Metals, both companies said today. Core will buy the 63km² site from Charger for A$3.75mn ($2.63mn) in cash. The site surrounds the Core's recently restarted 214,000 t/yr Finniss project and is 9km away from its lithium concentration plant. Core will pay a further A$1mn in cash if the Joint Ore Reserves Committee inferred mineral resource reaches 8mn t or more at a minimum grade of 1pc lithium oxide, pending further drilling. Core will also pay a 1pc royalty to Charger on all gross revenue generated from the tenement, capped at A$10mn, Core said on 19 June. The reserves committee is the accreditation body for Australian mineral resources and reserves. Core's existing Blackbeard prospect is located within the Bynoe project. The company is also developing the contiguous Carlton and BP33 prospects. These exploration sites offer growth options for Core given that spodumene prices have risen sharply in the past 12-months. They may also extend Finniss' 20-year mine life. Argus assessed 6pc spodumene fob Australia at $2,346.50/t on 17 June, up by 323pc on the year. Charger originally bought the Bynoe project from battery recycler Livium for $500,000 in 2024. Charger plans to use revenue from the sale to develop its Lake Johnston lithium project in Western Australia state. By Daniel Gage-Brown Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Radius settles with Calif. over scrap fires
Radius settles with Calif. over scrap fires
Pittsburgh, 18 June (Argus) — Metal recycler Radius Recycling has reached a settlement with California environmental regulators over multiple fires at the company's Oakland, California, scrap yard. Radius Recycling will pay $1.5mn in penalties and costs related to 21 violations of hazardous waste law, including from investigations of three fires at the Oakland scrap yard between 2018-2023, the California Department of Toxic Substances Control (DTSC) said 17 June. Radius Recycling, an Oregon-based bulk scrap exporter now owned by Toyota Tsusho, will split the payment roughly evenly to three areas: to reimburse DTSC's enforcement costs, to support special environmental projects, and to pay a civil penalty under hazardous waste law. The company will also upgrade the scrap yard with new fire prevention measures, including installing infrared cameras to detect hot spots in scrap piles. Radius said the settlement resolves all open enforcement matters with DTSC. "Radius Recycling has an unwavering commitment to operate safely, responsibly, and in full compliance with all environmental regulations," the company said. A fire at the Oakland scrap yard in 2023 sparked an uproar in the community. A local district attorney brought criminal charges in the aftermath, but those charges were later dropped . Radius' Oakland yard is a major source of ferrous scrap exports on the US west coast. It exported about 600,000 metric tonnes (t) of scrap in bulk cargoes last year, accounting for a quarter of total west coast bulk exports, according to [ Argus estimates](https://metals.argusmedia.com/dataanddownloads/downloadfile/365085) of VesselFinder tracking data. By James Marshall Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
JetZero breaks ground at first Z4 plant
JetZero breaks ground at first Z4 plant
Houston, 18 June (Argus) — California-based aerospace start-up, JetZero, this week broke ground at its recently selected $4.7bn plant location in Greensboro, North Carolina. The company aims to build its 250 passenger Z4 jets at the 8mn ft2 site. It estimates deliveries will begin in the early 2030s. The facility will be able to make up to 20/month of the Z4 planes, which JetZero said would be achieved by the late 2030s. The Z4 is desgined to deliver up to 50pc better fuel efficiency over its 5,000-nautical mile range, JetZero says. The Greensboro plant location was revealed on 12 June, the company said. Once complete, the plant will employ more than 14,500 workers. JetZero is also desiging military variants of its Z4 model, including capabilities as an aerial refueler and transport. By Emma DeArman Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UK 'strongly minded' to nationalise British Steel
UK 'strongly minded' to nationalise British Steel
London, 18 June (Argus) — The UK government has indicated that it is inclined to nationalise British Steel as the Steel Industry (Nationalisation) Bill completes its passage through the House of Commons. "The Steel Industry (Nationalisation) Bill has completed its passage in the House of Commons and has entered the House of Lords. Based on the information currently available, the government is strongly minded to use the powers in the bill to bring British Steel into public ownership in due course, subject to the public interest being satisfied and taking into account all relevant facts at that time," said industry minister Chris McDonald in a statement published on the parliament's website on 18 June. To date, the government has already provided around £555mn ($734.55mn) in working capital, covering items such as raw materials and salaries. These funds will be reflected in the Department for Business and Trade's accounts for 2025–26 and 2026–27, McDonald added. UK legislation that could enable the nationalisation of British Steel has now moved to the House of Lords after clearing its final stage in the House of Commons in early June . While the legislation is not solely focused on British Steel, it is expected to grant the government powers to bring steel companies into public ownership. Following this development, Jingye Group, the Chinese owner of British Steel since 2020, issued a statement on 11 June. The company said that "the British government has not yet provided reasonable compensation". Jingye added that it has recently initiated consultation procedures under the bilateral investment agreement with the UK government, demanding that London "respect the objective facts and provide timely, full and effective compensation for Jingye's investment losses in British Steel". The government took control of British Steel's operations in April 2025 under emergency legislation aimed at keeping the company's Scunthorpe blast furnaces running. By Andrey Telegin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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