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href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/hydrogen">Hydrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-biomass-markets">Biomass</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/electric-power">Electric power</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Chemicals</button><ul 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class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Fertilizers</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/fertilizers">Fertilizers overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/nitrogen">Nitrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/npks">NPKs</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/phosphates">Phosphates</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/potash">Potash</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sulphur-and-sulphuric-acid">Sulphur and sulphuric acid</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sustainable-and-specialty-fertilizers">Sustainable and specialty fertilizers</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Metals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/metals">Metals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel">Steel</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel-raw-materials">Steel raw materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/specialty-and-minor-metals">Minor metals</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/rare-earths">Rare earths</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/alloys">Alloys</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/scrap">Scrap</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/pipe-and-tube">Pipe and tube</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/base-metals">Base metals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/commodities/agriculture">Agriculture</a></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Industries</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries">Industries overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/freight">Freight</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/upstream-oil-and-gas">Upstream oil and gas</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/oil-refining-and-distribution">Oil refining and distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/biofuels-production">Biofuels production</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/aviation">Aviation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/petrochemicals">Petrochemicals</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/natural-gas-and-power-distribution">Natural gas and power distribution</a></li><li 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href="/en/solutions/how-we-deliver">How we deliver overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/client-portal">Client portal</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-data-science-studio">Argus Data Science Studio</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-open-markets">Argus Open Markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-spot-ticker">Argus Spot Ticker</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/channel-partners">Channel partners</a></li></ul></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Events</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events">Events overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/conferences">Conferences</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events/forums">Forums</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta MainNavigation_secondaryLink__dWmVz" 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class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Scrap</h1><div class="h4 qa-banner-description">Unlock the potential of ferrous and non-ferrous scrap with daily price assessments and market-leading news</div></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our scrap products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta ">More</button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our scrap products</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p>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.  </p> <p>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.</p> <p>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.</p> <p> </p> <h2>Ferrous coverage</h2> <p>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.</p> <p>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.</p> <ul> <li>Bundles</li> <li>Busheling</li> <li>Foundry/specialty</li> <li>Heavy melt</li> <li>Machine shop turnings</li> <li>Plate and structural</li> <li>Shredded scrap</li> <li>Tool steel</li> <li>Stainless and super alloys</li> <li>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</li> </ul> <p> </p> <h2>Non-ferrous coverage</h2> <p>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.</p> <ul> <li>Aluminium prices</li> <li>Aluminium alloy prices</li> <li>Brass/bronze prices</li> <li>Copper prices</li> <li>Lead prices</li> <li>Nickel prices</li> <li>Stainless and alloys</li> <li>Zinc prices</li> <li>Alloy Calculator, including over 200 predefined common alloys</li> <li>Exchange data</li> </ul> <p> </p> <h2>Highlights of North American coverage</h2> <p>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:</p> <ul> <li>8 containerised scrap price locations</li> <li>14 consumer buying scrap price locations, including US and Canada</li> <li>8 export yard scrap buying price locations</li> <li>4 dealer selling scrap price locations</li> <li>139 regional US and Canada non-ferrous scrap yard collection prices</li> <li>Prime and obsolete grades of scrap price assessments</li> <li>Mill and foundry grades of scrap price assessments: Titanium, stainless and scrap alloy pricing</li> <li>Southern US busheling and shredded weighted average assessments</li> </ul> <p> </p> <h2>Highlights of European coverage</h2> <p>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:</p> <ul> <li>German domestic ferrous scrap prices</li> <li>Spanish domestic ferrous scrap prices</li> <li>Spanish imported scrap prices</li> <li>UK domestic ferrous scrap prices</li> <li>Russia, including St Petersburg, dockside price</li> </ul> <p> </p> <h2>Highlights of Asian coverage</h2> <p>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:</p> <ul> <li>Taiwan imported ferrous scrap prices</li> <li>India imported ferrous scrap prices</li> <li>Pakistan imported ferrous scrap prices</li> <li>Bangladesh imported ferrous scrap prices</li> <li>China, South Korea, Taiwan, Japan imported aluminium scrap prices</li> <li>China, South Korea, Taiwan, Japan imported copper scrap prices</li> </ul> <p> </p> <p>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.</p></div></div></div></div></div></div></div></div><div class="component component-padding navy " id="news"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-combinedfeed-title section-heading">Latest scrap news</h2><p class="qa-combinedfeed-description">Browse the latest market moving news on the scrap industry.</p></div></div><div aria-live="polite" class="Tabs_tabs__tVXxO secondary"><div class="qa-tabspanel-list Tabs_panel__uEe2n current" role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item News_link__TcfaC News_primary__Fop2j white" href="/en/news-and-insights/latest-market-news/2631337-us-alleges-nippon-dumped-hrc-at-higher-rates"><div class="News_primaryInner__9SOga"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest scrap news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">21/11/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr h2 d-none d-lg-block">US alleges Nippon dumped HRC at higher rates</h3><h3 class="qa-combinedfeed-item-title News_headline__JsnZr d-lg-none">US alleges Nippon dumped HRC at higher rates</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 21 November (Argus) — The US government alleged that Japanese steelmaker Nippon Steel dumped hot-rolled (HR) flat steel products at higher rates than previously determined. The US Department of Commerce's International Trade Administration (ITA) determined that during the period from October 2022 through September 2023, Nippon sold HR steel flat products with a weighted-average dumping margin of 29.03pc, up from the 1.39pc dumping margin the ITA determined for the prior period of October 2021 through September 2022. Tokyo Steel Manufacturing, which was also investigated, was determined to have not sold HR flat steel below market value, unchanged from a prior review. US imports during the period from October 2022 through September 2023 of the investigated items from Japan were 202,000 metric tonnes (t), down from the 293,600t imported in the same period the prior year, according to customs data. The original investigation into imports of Japanese flat-steel products was concluded in 2016. The ITA is now reviewing the time period of October 2023 through September 2024 and expects to issue the final results of these reviews no later than 31 October 2025. The US imported 235,700t of the investigated products from Japan during that time, customs data showed. By Rye Druzchetta Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div><span class="qa-combinedfeed-item-cta cta d-none d-lg-inline-flex">Find out more</span></a></div><div class="col-12 col-lg-6"><div class="News_secondaryGroup__CVF5i"><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2631216-recent-deep-sea-and-short-sea-cfr-turkey-scrap-deals"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest scrap news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Recent deep-sea and short-sea cfr Turkey scrap deals</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">21/11/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest scrap news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">21/11/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Recent deep-sea and short-sea cfr Turkey scrap deals</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">London, 21 November (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 19-Nov 5,000 345 November Izmir Greece HMS 1/2 80:20, shred Y 19-Nov 2,000 342 November Izmir Malta HMS 1/2 80:20, shred Y 12-Nov 3,000 348 November Izmir Romania HMS 1/2 80:20 N 12-Nov 5,000 350 November Izmir Croatia HMS 1/2 80:20 N 12-Nov 5,000 350 November Turkey France HMS 1/2 80:20 Y 12-Nov 10,000 351 November Marmara France 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 20-Nov 40,000 345 (80:20) December Marmara Scandinavia HMS 1/2 80:20, shred, bonus Y 20-Nov 20,000 340 (80:20) December Iskenderun UK HMS 1/2 80:20 Y 19-Nov 30,000 344 (75:25) December Izmir Cont. Europe HMS 1/2 80:20, bonus N 19-Nov 40,000 353 (80:20) December Iskenderun USA HMS 1/2 80:20, shred, bonus Y 15-Nov 40,000 354 (80:20) December Iskenderun Cont. Europe HMS 1/2 80:20, shred, bonus Y 15-Nov 40,000 356 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y 14-Nov 20,000 350 (80:20) November Iskenderun UK HMS 1/2 80:20 N 13-Nov 40,000 356 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y 13-Nov 40,000 353 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2631014-japan-s-crude-steel-output-drops-further-in-october"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest scrap news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Japan’s crude steel output drops further in October</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">21/11/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest scrap news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">21/11/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Japan’s crude steel output drops further in October</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Tokyo, 21 November (Argus) — Japan's crude steel production in October fell on the year for an eighth straight month, partly because of lower steel demand from the construction sector. The country produced 6.9mn t of crude steel in October, down by 7.8pc from a year earlier, according to preliminary data released by industry group the Japan Iron and Steel Federation (JISF) on 21 November. Crude steel production by basic oxygen furnace (BOF) fell by 6.8pc on the year to 5.1mn t, marking the eighth consecutive month of year-on-year fall. Crude steel output by electric arc furnace (EAF) declined for a third straight month by 10.5pc to 1.8mn t. A double-digit output fall by EAF is partly reflecting the weaker steel demand in the construction sector. The country's steel demand is heavily dependent on the automobile and construction sectors, and steel products for each industry are generally produced using the BOF and EAF methods respectively. Booked orders of ordinary steel for construction use in September fell by 11.3pc on the year to 651,035t, marking the fourth consecutive month of year-on-year decline, according to the separate data released by JISF on 18 November. The country's major steel producer JFE on 6 November revised downward its crude steel output to 22.4mn t for the current fiscal year ending 31 March 2025. This is 600,000t lower than its initial figure announced in August, partly owing to weaker than anticipated steel demand from the construction sector, according to the steel company. Rising material costs and labour shortages are causing delays in major construction projects, JFE said, adding that lower steel demand in the construction industry is "becoming even more obvious.". By Yusuke Maekawa Japanese ferrous output ('000't) Oct '24 Sep '24 Oct '23 m-o-m ± % y-o-y ± % Crude steel production Ordinary steel 5,328 5,098 5,792 4.5 -8.0 Specialty steel 1,597 1,525 1,719 4.7 -7.1 Total crude production 6,925 6,623 7,511 4.6 -7.8 Crude steel production method Basic oxygen furnace 5,101 4,794 5,473 6.4 -6.8 Electric arc furnace 1,824 1,829 2,038 -0.3 -10.5 Pig iron production 5,075 4,802 5,405 5.7 -6.1 Source: Japan Iron and Steel federation *Based on preliminary data Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2630664-arcelormittal-could-close-two-service-centres-in-france"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest scrap news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">ArcelorMittal could close two service centres in France</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">20/11/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest scrap news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">20/11/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">ArcelorMittal could close two service centres in France</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">London, 20 November (Argus) — Europe's largest steelmaker ArcelorMittal is contemplating closing two service centres in France as part of a restructuring at its Centres de Services business in the country. The company informed staff on Tuesday that it might close its Reims and Denain sites because of a "sharp drop in activity among its industry and automotive customers", the company told Argus . Negotiations with trade unions will begin shortly, it said. Rumours about the potential closures have been circling since just before a large industry event in Hannover, Germany, in late October. Further consolidation and restructuring is expected throughout the European service centre market because of the fall in real consumption, and the difficult financial position it has caused for some processors. Most service centres have been selling processed sheet at a loss in recent months, because of weak end-consumption. German cold-roller Bilstein, that sells predominantly to the automotive industry, will reduce headcount and is contemplating closing one of its five lines, or reducing shifts across its business. There have also been market discussions about ArcelorMittal selling other automotive-facing service centres in Europe, as part of a wider reorganisation of the EU processing sector. Germany's largest steelmaker, ThyssenKrupp, has closed some of its distribution sites in its home country. Participants note the service centres are not part of ThyssenKrupp Steel Europe, which is still in talks with Daniel Kretinsky over taking a 50pc share in the business. ThyssenKrupp's ownership change could have wider ramifications for the service centre and steelmaking sector in general, with Kretinsky open to finding a strategic partner. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2630529-japan-s-iron-ore-imports-fall-on-year-in-october"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest scrap news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Japan’s iron ore imports fall on year in October</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">20/11/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest scrap news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">20/11/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Japan’s iron ore imports fall on year in October</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Tokyo, 20 November (Argus) — Japan's iron ore imports in October fell from a year earlier, mostly because of lower domestic steel demand. Japan imported around 7.7mn t of iron ore in October, down by 11pc from a year earlier, according to preliminary data from the country's finance ministry released on 20 November. Imports also fell against the previous month by 13.7pc. Japan's iron ore import cost averaged $111.04, down by 5.2pc on the year. The average yen-denominated cost was ¥16,195/t, down by 7.1pc. Domestic steel demand has been sluggish. Japan's crude steel output in October-December is projected to fall by 1.4pc on the year to 21.3mn t, according to a quarterly forecast by the country's trade and industry ministry. Booked orders of ordinary steel for automobile use in September fell for a ninth straight month by 18.8pc to 564,722t, according to data released by industry group Japan Iron and Steel Federation on 18 November. Booked orders of ordinary steel for construction use also fell by 11.3pc on the year to 651,035t, marking the fourth consecutive month of year-on-year decline. Similarly, booked orders of ordinary steel for industrial machinery and equipment use fell by 28.5pc from a year earlier to 78,073t, marking 21 consecutive months of year-on-year falls. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a></div></div></div><div class="CombinedFeedPanel_cta__B_k4H position-center"><a href="https://www.argusmedia.com/en/news-and-insights/latest-market-news?filters=%7B%22language%22%3A%22%27en-gb%27%22%2C%22commodity%22%3A%22%27Metals%27%2C%27Coking+Coal%27%2C%27Pipe+and+Tube%27%2C%27Battery+Materials%27%22%2C%22market%22%3A%22%27Scrap%27%22%7D&page=1" class="qa-combinedfeed-cta large cta" target="">Read all scrap news</a></div></div></div></div></div></div><div class="component component-padding white"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-spotlight-title section-heading">Spotlight content</h2><p class="qa-spotlight-description">Browse the latest thought leadership produced by our global team of experts.</p></div></div><div class="row"><div class="col-12 col-lg-7"><a class="ContentSpotlight_mainCard__gmD_r navy" href="/en/news-and-insights/energy-and-commodity-podcasts/metal-movers-expanding-into-the-mexican-ferrous-market"><img alt="" loading="lazy" width="795" height="437" decoding="async" data-nimg="1" class="ContentSpotlight_image__JfeEp" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=828&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fnews-and-insights%2Fmarket-insight-papers%2Fgeneric-gradient-hero-banner_1600x530px.jpg%3Frev%3Dfa95d072fe044d539f6149b2773586f6%26hash%3D921DCAB9CE2D15E8A93AA048D0E54554&w=1920&q=75"/><div class="ContentSpotlight_content__pOAOI"><div><div class="qa-spotlight-main-category ContentSpotlight_categoryAndDateSection__JUPm2 h3"><span class="ContentSpotlight_category__5ON2k">Podcast</span><span>20/11/23</span></div><div><h3 class="qa-spotlight-main-title h1 ContentSpotlight_heading__EHoK7">Metal Movers: Expanding into the Mexican ferrous market</h3></div></div></div></a></div><div class="col-12 col-lg-5 ContentSpotlight_secondaryCards__btf7q"><a class="qa-spotlight-secondary-items ContentSpotlight_secondaryCard__G0wdY grey" href="/en/news-and-insights/market-opinion-and-analysis-blog/mexico-steelmaking-expansions-fuel-scrap-demand"><span class="qa-spotlight-secondary-category ContentSpotlight_categoryAndDate__Ajq0k sub-heading h5">Blog - 15/11/23</span><h4 class="qa-spotlight-secondary-title h5 ContentSpotlight_secondaryCardHeading__OscUW">Mexico steelmaking expansions fuel scrap demand</h4></a><a class="qa-spotlight-secondary-items ContentSpotlight_secondaryCard__G0wdY grey" href="/en/news-and-insights/energy-and-commodity-podcasts/metal-movers-closing-the-ewaste-loop-with-eera"><span class="qa-spotlight-secondary-category ContentSpotlight_categoryAndDate__Ajq0k sub-heading h5">Podcast - 13/09/23</span><h4 class="qa-spotlight-secondary-title h5 ContentSpotlight_secondaryCardHeading__OscUW">Metal Movers: Closing the e-waste loop with EERA</h4></a><a class="qa-spotlight-secondary-items ContentSpotlight_secondaryCard__G0wdY grey" href="/en/news-and-insights/market-insight-papers/houston-we-have-a-ferrous-scrap-problem"><span class="qa-spotlight-secondary-category ContentSpotlight_categoryAndDate__Ajq0k sub-heading h5">Insight papers - 28/06/22</span><h4 class="qa-spotlight-secondary-title h5 ContentSpotlight_secondaryCardHeading__OscUW">Houston, we have a ferrous scrap problem</h4><p class="qa-spotlight-secondary-description ContentSpotlight_description__nV8y1">Houston is a lot of things: The fourth largest city in the US, a global energy hub, a diverse place with vibrant food and culture, NASA's base of operations and, lest we forget, hot, humid and stubbornly hurricane-prone.</p></a></div></div></div></div></div><div class="component component-padding navy " id="products"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="section-heading">Explore our scrap products</h2><p>Understand price movements across ferrous and non-ferrous scrap, including the regional drivers and limiters with focuses views of the US, Europe and Asia. Explore our related services below.</p></div></div><div class="ProductListing_products__Uxsig row"><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/en/solutions/products/argus-scrap-markets"><h3 class="sub-heading h2 d-none d-lg-block">Argus Scrap Markets</h3><h3 class="sub-heading h4 d-lg-none">Argus Scrap Markets</h3><div class="ProductListing_itemDescription__E7NK3">Trusted scrap price assessments across ferrous and non-ferrous metals.</div><span class="ProductListing_itemCta__NeAHB cta">Find out more</span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/en/solutions/products/argus-ferrous-markets"><h3 class="sub-heading h2 d-none d-lg-block">Argus Ferrous Markets</h3><h3 class="sub-heading h4 d-lg-none">Argus Ferrous Markets</h3><div class="ProductListing_itemDescription__E7NK3">Price-data and real-time news across the global ferrous markets, including coking coal, iron ore, scrap, steel and freight rates.</div><span class="ProductListing_itemCta__NeAHB cta">Find out more</span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/en/solutions/products/argus-non-ferrous-markets"><h3 class="sub-heading h2 d-none d-lg-block">Argus Non-Ferrous Markets</h3><h3 class="sub-heading h4 d-lg-none">Argus Non-Ferrous Markets</h3><div class="ProductListing_itemDescription__E7NK3">Price data, news and analysis across the global non-ferrous markets.</div><span class="ProductListing_itemCta__NeAHB cta">Find out more</span></a></div><div class="col-12 col-lg-6"><a class="ProductListing_itemLink__RVSjo white" href="/en/solutions/products/argus-seaborne-coal-outlook"><h3 class="sub-heading h2 d-none d-lg-block">Argus Seaborne Coal Outlook</h3><h3 class="sub-heading h4 d-lg-none">Argus Seaborne Coal Outlook</h3><div class="ProductListing_itemDescription__E7NK3">Independent analysis, trusted price forecasts, and data analytics to help you make optimum decisions.</div><span class="ProductListing_itemCta__NeAHB cta">Find out more</span></a></div><div class="ProductListing_ctaContainer__U0Z9q"><a href="https://www.argusmedia.com/en/solutions/products?sortField=title&asc=1&page=1&filters=%7B%22commodity%22%3A%22A97809C9D20A47C5AF723AC2E31678E7%22%2C%22market%22%3A%2231F7F5998AAD47BD9E66F14631F72A4C%22%7D" class="cta large" target="">View all our scrap products</a></div></div></div></div></div><div class="component component-padding grey" id="prices"><div class="component-content"><div class="container"><div class="row"><div class="ContentCarousel_intro__GOQMj col-12 col-lg-8 mx-auto"><h2 class="qa-contentcarousel-header">Key price assessments</h2><p class="qa-contentcarousel-description">Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.</p></div></div></div><div class="ContentCarousel_carousel__skHV_"><div class="container"><div class="row"><div class="col-lg-10 offset-lg-1 d-none d-lg-block"><div class="Carousel_carousel__cxmDM "><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-steel-scrap-cfr-taiwan"><div><h3 class="h4 qa-contentcarousel-item-title">Argus steel scrap cfr Taiwan</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items current"><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-steel-scrap-cfr-taiwan"><div><h3 class="h4 qa-contentcarousel-item-title">Argus steel scrap cfr Taiwan</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-steel-scrap-cfr-taiwan"><div><h3 class="h4 qa-contentcarousel-item-title">Argus steel scrap cfr Taiwan</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div></div></div><button class="Carousel_prev__5_kOz qa-pagination-prev" aria-controls="prices" aria-label="Previous"><svg xmlns="http://www.w3.org/2000/svg" width="28.647" height="51.637" class="Carousel_arrow__vfjw1 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qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items current"><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-steel-scrap-cfr-taiwan"><div><h3 class="h4 qa-contentcarousel-item-title">Argus steel scrap cfr Taiwan</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-steel-scrap-cfr-taiwan"><div><h3 class="h4 qa-contentcarousel-item-title">Argus steel scrap cfr Taiwan</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/us-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">US coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-us-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus US HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Hot-rolled coil (HRC) is the predominant finished steel form in the US domestic and global steel industry, and the foundation for many steel-based industrial products.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-northwest-eu-hrc-steel"><div><h3 class="h4 qa-contentcarousel-item-title">Argus northwest EU HRC steel</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus northwest European HRC price assessment is the official settlement price for the CME North European Hot-Rolled Coil Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-iron-ore"><div><h3 class="h4 qa-contentcarousel-item-title">Argus iron ore</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-china-hrc"><div><h3 class="h4 qa-contentcarousel-item-title">Argus China HRC</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Argus China HRC price assessment is the official settlement price for the London Metal Exchange (LME) Steel Hot-Rolled Coil FOB China Futures contract.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-asia-pacific-coking-coal"><div><h3 class="h4 qa-contentcarousel-item-title">Argus Asia-Pacific coking coal</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals platform. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/en/methodology/key-commodity-prices/argus-aluminium-scrap"><div><h3 class="h4 qa-contentcarousel-item-title">Argus aluminium scrap</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">Recycled aluminium is a valuable input material in the production of new aluminium products, and provides additional benefit through a reduced environmental impact and improved energy efficiency compared with mined raw materials.</p></div><span class="cta undefined qa-contentcarousel-item-cta">Find out more</span></a></div></div></div><nav class="Carousel_pagination___SjwB" aria-controls="prices"><button type="button" class="Carousel_pageButton__5PWho current qa-slide-button"><span class="visually-hidden">0</span></button><button type="button" class="Carousel_pageButton__5PWho qa-slide-button"><span class="visually-hidden">1</span></button><button type="button" class="Carousel_pageButton__5PWho qa-slide-button"><span class="visually-hidden">2</span></button><button type="button" class="Carousel_pageButton__5PWho qa-slide-button"><span class="visually-hidden">3</span></button></nav></div></div></div></div></div><div class="ContentCarousel_viewAllContainer__QrNE_ container"><a title="" target="" class="qa-contentcarousel-cta cta large" href="/en/methodology/key-commodity-prices">View all key price assessments</a></div></div></div><div class="component ContactForm_contactForm__RusC_ navy" id="form"><div class="component-content"><img alt="Contact us" loading="lazy" width="1600" height="555" decoding="async" data-nimg="1" class="ContactForm_image__E3Vzy d-none d-lg-block" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fpeople%2Fcontact-us-forms%2Fcontact-us-form-people-01.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D11241929fdc14a179ef99c404758bfb1%26hash%3D322CC5B9101492D34760BBF80DED1D95&w=1920&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fpeople%2Fcontact-us-forms%2Fcontact-us-form-people-01.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D11241929fdc14a179ef99c404758bfb1%26hash%3D322CC5B9101492D34760BBF80DED1D95&w=3840&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fenglish%2Fimages%2Fpeople%2Fcontact-us-forms%2Fcontact-us-form-people-01.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D11241929fdc14a179ef99c404758bfb1%26hash%3D322CC5B9101492D34760BBF80DED1D95&w=3840&q=75"/><div class="ContactForm_content__SjXae container"><div class="row"><div class="col-12 col-lg-7 qa-form-specialist"><h2 class="h1 qa-form-header">Speak to our experts today</h2><div class="ContactForm_description__1ctco qa-form-description">Register below and we will customise a solution that meets your exact needs. 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The US Department of Commerce's International Trade Administration (ITA) determined that during the period from October 2022 through September 2023, Nippon sold HR steel flat products with a weighted-average dumping margin of 29.03pc, up from the 1.39pc dumping margin the ITA determined for the prior period of October 2021 through September 2022. Tokyo Steel Manufacturing, which was also investigated, was determined to have not sold HR flat steel below market value, unchanged from a prior review. US imports during the period from October 2022 through September 2023 of the investigated items from Japan were 202,000 metric tonnes (t), down from the 293,600t imported in the same period the prior year, according to customs data. The original investigation into imports of Japanese flat-steel products was concluded in 2016. The ITA is now reviewing the time period of October 2023 through September 2024 and expects to issue the final results of these reviews no later than 31 October 2025. The US imported 235,700t of the investigated products from Japan during that time, customs data showed. By Rye Druzchetta Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2631337"}],"tags":null,"taxonomy":null,"id":2631337,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-11-21T17:45:08Z","headline":"Recent deep-sea and short-sea cfr Turkey scrap deals","summary":"London, 21 November (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 19-Nov 5,000 345 November Izmir Greece HMS 1/2 80:20, shred Y 19-Nov 2,000 342 November Izmir Malta HMS 1/2 80:20, shred Y 12-Nov 3,000 348 November Izmir Romania HMS 1/2 80:20 N 12-Nov 5,000 350 November Izmir Croatia HMS 1/2 80:20 N 12-Nov 5,000 350 November Turkey France HMS 1/2 80:20 Y 12-Nov 10,000 351 November Marmara France 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 20-Nov 40,000 345 (80:20) December Marmara Scandinavia HMS 1/2 80:20, shred, bonus Y 20-Nov 20,000 340 (80:20) December Iskenderun UK HMS 1/2 80:20 Y 19-Nov 30,000 344 (75:25) December Izmir Cont. Europe HMS 1/2 80:20, bonus N 19-Nov 40,000 353 (80:20) December Iskenderun USA HMS 1/2 80:20, shred, bonus Y 15-Nov 40,000 354 (80:20) December Iskenderun Cont. Europe HMS 1/2 80:20, shred, bonus Y 15-Nov 40,000 356 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y 14-Nov 20,000 350 (80:20) November Iskenderun UK HMS 1/2 80:20 N 13-Nov 40,000 356 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y 13-Nov 40,000 353 (80:20) December Marmara Cont. Europe HMS 1/2 80:20, shred, bonus Y Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2631216"}],"tags":null,"taxonomy":null,"id":2631216,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-11-21T09:19:53Z","headline":"Japan’s crude steel output drops further in October","summary":"Tokyo, 21 November (Argus) — Japan's crude steel production in October fell on the year for an eighth straight month, partly because of lower steel demand from the construction sector. The country produced 6.9mn t of crude steel in October, down by 7.8pc from a year earlier, according to preliminary data released by industry group the Japan Iron and Steel Federation (JISF) on 21 November. Crude steel production by basic oxygen furnace (BOF) fell by 6.8pc on the year to 5.1mn t, marking the eighth consecutive month of year-on-year fall. Crude steel output by electric arc furnace (EAF) declined for a third straight month by 10.5pc to 1.8mn t. A double-digit output fall by EAF is partly reflecting the weaker steel demand in the construction sector. The country's steel demand is heavily dependent on the automobile and construction sectors, and steel products for each industry are generally produced using the BOF and EAF methods respectively. Booked orders of ordinary steel for construction use in September fell by 11.3pc on the year to 651,035t, marking the fourth consecutive month of year-on-year decline, according to the separate data released by JISF on 18 November. The country's major steel producer JFE on 6 November revised downward its crude steel output to 22.4mn t for the current fiscal year ending 31 March 2025. This is 600,000t lower than its initial figure announced in August, partly owing to weaker than anticipated steel demand from the construction sector, according to the steel company. Rising material costs and labour shortages are causing delays in major construction projects, JFE said, adding that lower steel demand in the construction industry is \"becoming even more obvious.\". By Yusuke Maekawa Japanese ferrous output ('000't) Oct '24 Sep '24 Oct '23 m-o-m ± % y-o-y ± % Crude steel production Ordinary steel 5,328 5,098 5,792 4.5 -8.0 Specialty steel 1,597 1,525 1,719 4.7 -7.1 Total crude production 6,925 6,623 7,511 4.6 -7.8 Crude steel production method Basic oxygen furnace 5,101 4,794 5,473 6.4 -6.8 Electric arc furnace 1,824 1,829 2,038 -0.3 -10.5 Pig iron production 5,075 4,802 5,405 5.7 -6.1 Source: Japan Iron and Steel federation *Based on preliminary data Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2631014"}],"tags":null,"taxonomy":null,"id":2631014,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-11-20T14:28:20Z","headline":"ArcelorMittal could close two service centres in France","summary":"London, 20 November (Argus) — Europe's largest steelmaker ArcelorMittal is contemplating closing two service centres in France as part of a restructuring at its Centres de Services business in the country. The company informed staff on Tuesday that it might close its Reims and Denain sites because of a \"sharp drop in activity among its industry and automotive customers\", the company told Argus . Negotiations with trade unions will begin shortly, it said. Rumours about the potential closures have been circling since just before a large industry event in Hannover, Germany, in late October. Further consolidation and restructuring is expected throughout the European service centre market because of the fall in real consumption, and the difficult financial position it has caused for some processors. Most service centres have been selling processed sheet at a loss in recent months, because of weak end-consumption. German cold-roller Bilstein, that sells predominantly to the automotive industry, will reduce headcount and is contemplating closing one of its five lines, or reducing shifts across its business. There have also been market discussions about ArcelorMittal selling other automotive-facing service centres in Europe, as part of a wider reorganisation of the EU processing sector. Germany's largest steelmaker, ThyssenKrupp, has closed some of its distribution sites in its home country. Participants note the service centres are not part of ThyssenKrupp Steel Europe, which is still in talks with Daniel Kretinsky over taking a 50pc share in the business. ThyssenKrupp's ownership change could have wider ramifications for the service centre and steelmaking sector in general, with Kretinsky open to finding a strategic partner. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2630664"}],"tags":null,"taxonomy":null,"id":2630664,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-11-20T03:23:39Z","headline":"Japan’s iron ore imports fall on year in October","summary":"Tokyo, 20 November (Argus) — Japan's iron ore imports in October fell from a year earlier, mostly because of lower domestic steel demand. Japan imported around 7.7mn t of iron ore in October, down by 11pc from a year earlier, according to preliminary data from the country's finance ministry released on 20 November. Imports also fell against the previous month by 13.7pc. Japan's iron ore import cost averaged $111.04, down by 5.2pc on the year. The average yen-denominated cost was ¥16,195/t, down by 7.1pc. Domestic steel demand has been sluggish. Japan's crude steel output in October-December is projected to fall by 1.4pc on the year to 21.3mn t, according to a quarterly forecast by the country's trade and industry ministry. Booked orders of ordinary steel for automobile use in September fell for a ninth straight month by 18.8pc to 564,722t, according to data released by industry group Japan Iron and Steel Federation on 18 November. Booked orders of ordinary steel for construction use also fell by 11.3pc on the year to 651,035t, marking the fourth consecutive month of year-on-year decline. Similarly, booked orders of ordinary steel for industrial machinery and equipment use fell by 28.5pc from a year earlier to 78,073t, marking 21 consecutive months of year-on-year falls. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2630529"}],"tags":null,"taxonomy":null,"id":2630529,"language":"en-GB","body":null}],"itemsCursor":null}]}}},"__N_SSG":true},"page":"/[[...path]]","query":{"path":["commodities","scrap"]},"buildId":"61995","assetPrefix":"https://www.argusmedia.com","isFallback":false,"isExperimentalCompile":false,"gsp":true,"locale":"en","locales":["default","en","es","zh","ru","pt","ja","fr","de"],"defaultLocale":"default","scriptLoader":[]}</script></body></html>