Scrap
Overview
Argus provides comprehensive and detailed coverage of the global ferrous and non-ferrous scrap markets, with over 1,000 prices assessed by a global network of highly skilled market experts.
Argus’ strength lies in our ability to create appropriate methodologies for the trading dynamics of a specific spot market and to provide mechanisms for valuing scrap alloys.
Participants in the scrap industry rely on our extensive price data to act as an independent contract settlement mechanism, and use our powerful tools, like the Argus Alloy Calculator, to estimate the intrinsic value of highly engineered alloys.
Ferrous coverage
Argus offers a comprehensive regional view of the most active spot markets for ferrous scrap in regions around the world. Each price is available for direct comparison in multiple markets, with currency and unit of measurement conversions available to standardise charts and facilitate detection of favourable trade conditions.
Distinguished by either fob dealer or delivered to consumer inco terms, all prices are aligned with common industry specifications for that region. Explore the full list of scrap prices and specifications, including the length of history available on the Argus Metals platform for the grades assessed.
- Bundles
- Busheling
- Foundry/specialty
- Heavy melt
- Machine shop turnings
- Plate and structural
- Shredded scrap
- Tool steel
- Stainless and super alloys
- Alloy Calculator, where the current value of any alloy can be calculated by an intrinsic value formula in the absence of sufficient liquidity to produce a proper assessment
Non-ferrous coverage
Argus provides the full range of non-ferrous coverage from scrap price assessments on UBC, zorba, taint, tweak, and twitch products, as well as exchange data (30-minute delay LME and Comex prices are standard with Argus products) and global base metal premiums. Explore the full list of scrap prices in each non-ferrous category and visit the exchange data page to understand the unique value that Argus brings through its analysis of global exchange prices.
- Aluminium prices
- Aluminium alloy prices
- Brass/bronze prices
- Copper prices
- Lead prices
- Nickel prices
- Stainless and alloys
- Zinc prices
- Alloy Calculator, including over 200 predefined common alloys
- Exchange data
Highlights of North American coverage
Argus’ coverage of the North American scrap market focuses on spot market trading patterns within the most active regional domestic trading locations, as well as on export transactions. The full value chain is represented in the suite of Argus scrap assessments, from collected at yard to delivered to consumer prices:
- 8 containerised scrap price locations
- 14 consumer buying scrap price locations, including US and Canada
- 8 export yard scrap buying price locations
- 4 dealer selling scrap price locations
- 139 regional US and Canada non-ferrous scrap yard collection prices
- Prime and obsolete grades of scrap price assessments
- Mill and foundry grades of scrap price assessments: Titanium, stainless and scrap alloy pricing
- Southern US busheling and shredded weighted average assessments
Highlights of European coverage
Argus Scrap Markets provides context and intelligence to European domestic scrap markets to help steel mills, scrap suppliers, buyers and industrial manufacturers gain a greater understanding of the markets in which they operate. Argus produces over 50 European scrap prices assessments, including:
- German domestic ferrous scrap prices
- Spanish domestic ferrous scrap prices
- Spanish imported scrap prices
- UK domestic ferrous scrap prices
- Russia, including St Petersburg, dockside price
Highlights of Asian coverage
Argus carries Asian scrap prices from a variety of mature scrap-generating markets, and provides insightful analysis of deep-sea trades and short-sea trades. Argus covers the full scope of steel mill purchasing activity for electric arc furnace-based production, including stainless and engineered steels, in recognition of the global nature of many steel feedstocks purchased by mills across the world:
- Taiwan imported ferrous scrap prices
- India imported ferrous scrap prices
- Pakistan imported ferrous scrap prices
- Bangladesh imported ferrous scrap prices
- China, South Korea, Taiwan, Japan imported aluminium scrap prices
- China, South Korea, Taiwan, Japan imported copper scrap prices
Argus carries a variety of global scrap prices in each of its three core products — Argus Scrap Markets, Argus Ferrous Markets and Argus Non-Ferrous Markets. To discover the combination of products that will provide the most complete coverage to serve your company’s needs, contact us for a consultation. Information about Argus subscription options can be found here.
Latest scrap news
Browse the latest market moving news on the scrap industry.
Japan’s domestic car output falls in July
Japan’s domestic car output falls in July
Tokyo, 29 August (Argus) — Japan's domestic car output fell on the year in July, partially driven by reduced exports to the US market. Total car output fell to around 700,000 units in July, down by 7.7pc from a year earlier, according to data compiled by Argus based on reporting by eight major domestic car manufacturers. Car production fell partly because of weaker export demand, especially in the US market, Japan's trade and industry Meti said today. Japan's car exports to the US fell by 3.2pc on the year to 123,531 units, based on the country's customs data. This is despite Japan's overall car exports to the global market having increased by 3.2pc on the year to 520,328 units. It remains unclear whether the fall is directly linked to the US tariffs, Meti said. Meti's monthly industrial production survey for July found that no manufacturing firm explicitly cited the US tariffs as a reason for reduced exports, according to a Meti official. Washington and Tokyo reached a trade agreement on 23 July, under which the US will impose a 15pc tariff on Japanese car imports. This is lower than the previous additional rate of 25pc, on top of the existing 2.5pc in April. But the new tariff has yet to take effect, pending final approval via executive order by US president Donald Trump. Meanwhile, a magnitude 8.8 earthquake that struck Russia's Kamchatka peninsula on 30 July had minimal impact on domestic car output, Meti said. The ministry's survey showed that the earthquake and its subsequent tsunami wave partially disrupted seaborne delivery but did not affect domestic production, according to Meti. By Yusuke Maekawa Japan's car production (units)* Jul '25 Apr '25 Jul '24 y-o-y± % Toyota 292,041 273,438 309,118 -5.5 Daihatsu 58,640 72,810 66,558 -11.9 Mazda 56,637 60,930 78,529 -27.9 Subaru 53,646 53,946 61,585 -12.9 Honda 67,804 60,804 61,679 9.9 Suzuki 84,318 82,971 89,390 -5.7 Mitsubishi 40,598 36,555 45,442 -10.7 Nissan 46,116 44,260 46,270 -0.3 Total 699,800 685,714 758,571 -7.7 Source: Japanese car makers * Excludes commercial vehicles Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Japanese scrap exports increase in July
Japanese scrap exports increase in July
Shanghai, 28 August (Argus) — Japanese ferrous scrap exports rebounded in July after a brief decline in June, supported by increased shipments to south and southeast Asian markets. Japan's scrap exports rose by 9.9pc from June and 7.9pc from a year earlier to 616,000t in July, customs data show. Total shipments reached 4.4mn t in January–July, a 18pc increase on the year. Vietnam remained Japan's largest scrap buyer in July. Exports to the country rose by 1.5pc on the month to 241,000t. Traders anticipate stronger Vietnamese demand in 2026 as new steelmaking capacity comes on line. Vietnamese mills favour Japanese scrap for its stable supply and shorter delivery times. Exports to South Korea recovered by 13pc on the month to 128,000t. Demand was concentrated on prime-grade scrap. Buying appetite for H2 and H1/H2 50:50 grades stayed weak as South Korea's construction sector remained subdued, keeping overall demand well below levels from two years earlier. Scrap exports have grown in importance as Japanese domestic demand is unable to absorb most supply. Japanese crude steel output in January–July fell by 4.6pc on the year to 47.46mn t, according to the Japan Iron and Steel Federation. Some Japanese traders voiced concerns that the expanded US tariffs on steel and aluminium derivatives could further weigh on the domestic steel industry, given the US is one of the key markets for Japanese steel products. Exporters were actively seeking opportunities outside of traditional destinations. Scrap shipments to south Asia rose sharply, with exports to India surging fourfold to 189,000t and exports to Bangladesh rising by 160pc to 738,000t in January–July. Shipments to Indonesia also rose by 177pc to 183,000t in the same period. Japan's ferrous scrap exports t Country July % ± vs Jun % ± vs Jul '24 Jan-Jul y-o-y % ± Vietnam 240,889 1.5 5.3 1,921,277 30.0 South Korea 127,991 13.2 7.5 749,543 -21.8 Bangladesh 92,721 -6.0 25.6 738,240 159.9 Taiwan 42,600 185.0 29.0 280,303 -30.2 Others 111,432 15.9 -3.7 743,604 15.5 Total 615,634 9.9 7.9 4,432,968 17.7 — Japan customs Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia’s MinRes to up Onslow FY26 iron ore exports
Australia’s MinRes to up Onslow FY26 iron ore exports
Sydney, 28 August (Argus) — Australian iron ore producer Mineral Resources (MinRes) will ramp up its Onslow iron ore project to nameplate capacity in July-September, increasing its total ore shipments in the 2025-26 financial year to 30 June. MinRes produced 2.6mn wet metric tonnes (wmt) of ore at Onslow in August, in line with its 35mn wmt/yr capacity, it said in a financial report on 28 August. It started ramping up the mine in May 2024 . The company expects to ship 17.1mn–18.8mn wmt out of Onslow in 2025-26 on an equity basis, up from 8mn wmt in 2024-25. It faced major shipping disruptions in 2024-25 because Cyclone Sean hit Western Australia in late-January and damaged a road linking the project to Ashburton Port. MinRes will spend A$370mn ($241mn) on Onslow haul road upgrades, as well as transshipment and haulage fleet expansions, in 2025-26. It plans to commission a transhipper in June 2026, and another in August 2026. MinRes plans to ship 9mn-10mn t of ore from its Pilbara Hub iron ore complex in 2025-26, likely down from the 9.7mn t shipped in 2024-25. It has not released production guidance for the mining hub — where it produced 11mn wmt of ore in 2024-25 . The company expects to start building the 10mn t/yr Lamb Creek expansion at its Pilbara Hub complex in October-December 2025, with first production due in January-March 2026. MinRes' realised iron ore grade stood at 57.7pc in 2024-25. Argus ' iron ore fines 58pc Fe cfr Qingdao price was last assessed at $89.10/t on 27 August, lower than its iron ore fines 62pc Fe (ICX) cfr Qingdao price ( see chart ). By Avinash Govind Argus' iron ore prices ($/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Recent deep-sea and short-sea cfr Turkey scrap deals
Recent deep-sea and short-sea cfr Turkey scrap deals
London, 27 August (Argus) — A summary of the most recent deep-sea and short-sea cfr Turkey ferrous scrap deals seen by Argus. Ferrous scrap short-sea trades (average composition price, cif Marmara) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 6-Aug 8,000 336 (80:20) August Izmir Adriatic HMS 1/2 80:20 Y 5-Aug 3,000 333 (80:20) August Iskenderun Romania HMS 1/2 80:20 Y Ferrous scrap deep-sea trades (average composition price, cfr Turkey) Date Volume, t Price, $ Shipment Buyer Seller Composition Index relevant 22-Aug 30,000 337.50 (80:20) September Iskenderun UK HMS 1/2 80:20 Y 21-Aug 30,000 340 (80:20) September Izmir South America HMS 1/2 80:20 N 16-Aug 30,000 347 (80:20) September Turkey USA HMS 1/2 80:20, shred, bonus Y 14-Aug 30,000 339 (80:20) September Iskenderun UK HMS 1/2 80:20, shred, bonus Y 13-Aug 40,000 343 (80:20) September Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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