Argus acquires, expands metals coverage

Global energy and commodity price reporting agency Argus has bought, one of the world's largest providers of metals market information. The acquired online service includes proprietary price assessments, futures prices and other exchange data, and third-party assessments of market prices around the world. The acquisition will further increase the range of Argus information available to the metals sector.

Founded in 1995, MetalPrices’ main focus is price assessments for open-market or over-the-counter (OTC) metal products — reporting the prices of metals that are not listed on the major exchanges, but which are essential to global trade. The company publishes nearly 300 metals price assessments each week. These proprietary assessments are trusted for indexation and market analysis especially in North American ferrous and non-ferrous secondary metal markets. The data are available through the website and through weekly publications, Ferrous Scrap Price Index Daily and Marley's Heavy Melt Weekly and News Flash.

Argus Media chairman and chief executive Adrian Binks said: “MetalPrices is a natural fit for Argus’ expanding energy and commodities portfolio. In recent years we have increased our metals coverage to include iron ore, coking coal and metallurgical coke services as well as coverage of the ferro-alloy, minor metals and rare earth markets through our purchase of Metal-Pages in May 2014. This acquisition complements this and extends Argus’ global coverage of metals markets.” president Marc Dulin said: “We are delighted to become part of Argus as it deepens its metals coverage. The MetalPrices service will go from strength to strength with the benefit of Argus’ international reputation, technical resources and global editorial team, which we are all excited to join.”
Terms of the acquisition were not disclosed.