ARGUS: ASSEMBLING A CAR WITH ARGUS METALS PRICES
Assembling a car with Argus metals prices - Ferrous Focus Ferrous components make up 65% of the average automobile. Argus Knows the Ferrous Markets The past year was challenging on a variety of levels. Commodity metal markets rising to historical highs has particularly impacted the auto industry. The spread between Midwest hot rolled coil (HRC) steel and #1 busheling scrap rose to multi-year records (chart right), raising steel mill profits and automaker costs. In March 2021, Argus launched the Southern HRC price assessment, adding to its more than 90 steel prices published globally. With 52% of auto plants and most of the steel production in the South, read on to see why the Midwest is not the heart of the steel industry.
Steel is the #1 recycled metal on the planet Argus publishes 285 ferrous scrap prices. Argus US Ferrous Scrap is a monthly report designed to recap the most recent domestic scrap trading period while using key data to shed light on the next 30 days. Let Argus help offset the procurement cost of steel with local/regional ferrous scrap price assessments. No matter where your facility is located, Argus is there.
illuminating the markets 6 │ OESA News - 2021 Third Quarter
