Jan. 21, 2015
MetalPrices.com Purchased by Argus
Global energy and commodity price reporting agency Argus has purchased MetalPrices.com, a provider of metals market information. The acquired online service includes proprietary price assessments, futures prices and other exchange data, and third-party assessments of market prices around the world. The acquisition will further increase the range of Argus information available to the metals sector, the company claims.
Founded in 1995, MetalPrices' main focus is price assessments for open-market or over-the-counter metal products. MetalPrices reports the prices of metals that are not listed on the major exchanges, but which are essential to global trade. The company publishes nearly 300 metals price assessments each week.
The assessments are used for indexation and market analysis especially in North American ferrous and non-ferrous secondary metal markets. The data are available through the MetalPrices.com website and through weekly publications, Ferrous Scrap Price Index Daily and Marley's Heavy Melt Weekly and News Flash.