Overview

Argus is a commodity price reporting service used across the scrap metal industry. When Argus pricing is enabled for your account, Linus automatically imports monthly scrap metal prices from Argus and applies them to your scrap products. This eliminates the need to manually enter prices each month.

Argus pricing is enabled by the Linus team. If you are interested in using Argus pricing, contact your Linus representative.

How Pricing Works

Argus publishes scrap metal prices in $/gross ton (2,240 lbs). Linus fetches these prices, applies your configured adjustment, and converts the result to $/lb.

The formula is:

Your Price = (Argus Price − Company Price Delta) / 2,240

The Company Price Delta is an optional per-product adjustment in $/gross ton. It represents how much below the Argus published price your price should be. If no delta is set, the Argus price is used as-is. This value is configured by the Linus team based on your input (see Getting Started below).

Example

In this example, a delta of $10.00 means your price is $10 below the Argus published price.

Getting Started

When you opt into Argus pricing, the Linus team handles the setup on your behalf:

1. Enable Argus pricing for your account
2. Discuss your pricing deltas — we'll ask you about the difference between your price and the Argus published price for each scrap product, so we can configure the Company Price Delta
3. Link your scrap products to Argus commodities — we'll set the Argus PA codes (commodity identifiers) for each of your scrap products
4. Import initial prices — once everything is linked, prices are imported automatically

After setup is complete, you'll see the Argus commodity name displayed alongside each linked scrap product on your Facility page, confirming the correct commodity is connected. From that point on, pricing is fully automatic each month.

Monthly Price Imports

Each month, Linus automatically imports new prices from Argus: