Argus Media acquires Metalprices.com

Argus Media Inc., London-based a publisher of market data and analysis on energy and commodity markets including iron ore, coking coal and metallurgical coke services, has acquired MetalPrices.com, Basalt, Colorado.

MetalPrices' main focus is assessing open-market or over-the-counter metal products and reporting the prices of metals not listed on major exchanges. The service publishes nearly 300 proprietary assessments each week that are used for indexation and market analysis, especially in North American secondary metal markets.

In addition to MetalPrices.com, the service publishes Ferrous Scrap Price Index Daily and Marley's Heavy Melt Weekly and News Flash.

“MetalPrices is a natural fit for Argus' expanding energy and commodities portfolio," says Adrian Binks, Argus chief executive. "In recent years, we have increased our metals coverage to include iron ore, coking coal and metallurgical coke services as well as coverage of the ferro-alloy, minor metals and rare earth markets through our purchase of Metal-Pages in May 2014. This acquisition complements this and extends Argus' global coverage of metals markets.”

Argus Steel Feedstocks, which debuted in mid-2013, covers scrap metal, iron ore and coking coal.

"We are delighted to become part of Argus as it deepens its metals coverage," MetalPrices.com President Marc Dulin says. “The MetalPrices service will go from strength to strength with the benefit of Argus' international reputation, technical resources and global editorial team, which we are all excited to join.”