HOUSTON, Jan. 12, 2015 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has bought MetalPrices.com, one of the world's largest providers 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.
Founded in 1995, MetalPrices' main focus is price assessments for open-market or over-the-counter (OTC) metal products — reporting 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. These proprietary assessments are trusted 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.
Argus Media chairman and chief executive Adrian Binks said: "MetalPrices is a natural fit for Argus' expanding energy and commodities portfolio. 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."
MetalPrices.com president Marc Dulin said: "We are delighted to become part of Argus as it deepens its metals coverage. 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."
Terms of the acquisition were not disclosed.
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About Argus Media
Argus is an independent media organisation with almost 700 full time staff. It is headquartered in London and has offices in each of the world's principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.
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