Current Scrap Steel Prices in Canada [In 2026]
Scrap steel is one of the highly sought-after scrap metals in the Canadian scrap market, including the world. Whether you’re an individual scrapper, a recycling business, or a large-scale metal trader, it’s recommended to keep an eye on the current scrap steel prices or market trends that help you make informed decisions. In this guide, we will explore what’s happening in the market right now, including current scrap steel prices and what affects prices.
Scrap Steel Prices (2026)
The prices of scrap steel vary due to various influential factors (such as type, quality, and condition) and fluctuate daily. Currently, the average scrap steel price in Canada ranges between USD205 to USD375 per NT.
Below is the breakdown of scrap steel prices for various types in the Canadian market.
| Type | Price (USD/NT) |
|---|---|
| Auto Cast Scrap | 375.00 |
| Plate & Structural | 330.00 |
| Structural Steel Scrap | 315.00 |
| Short Steel | 290.00 |
| Motor Blocks Scrap | 288.33 |
| Steel Car Rims | 283.33 |
| Heavy Melt Scrap | 267.50 |
| Mixed Steel Scrap | 250.00 |
| Tin | 243.75 |
| Steel Turnings Scrap | 230.00 |
| White Goods | 205.71 |
These are average ranges rather than 100% guaranteed prices. Prices Updated on 14 October 2026.
Analysts and industry experts have predicted that Canadian scrap steel rates will remain stable through the end of 2025 and early 2026. However, influential factors like global uncertainties may cause short-term dips and make the industry a little volatile, although steady demand from the construction, automotive, and other industries will keep the market active despite price fluctuations.
Scrap Steel Prices by Province (Regional Snapshot)
The following is the estimated breakdown of steel scrap metal prices across various provinces in Canada.
| Province | Price |
|---|---|
| Ontario | ~375/NT |
| British Columbia | ~368/NT |
| Alberta | ~368/NT |
These are average ranges rather than 100% guaranteed prices. Prices Updated on 3 October 2026.
Historical Trends (2020 → 2025)
The following graph shows the historical trends in the Canadian scrap steel market.
Factors Influencing Scrap Steel Prices
Here are the main factors that can affect the price of scrap steel.
- Global market trends: Like other scrap metals, the scrap steel prices across Canada are influenced by international market conditions. Changes in steel production, imports or exports in large markets such as China, the USA or India can raise or lower demand for scrap and hence it can drive the rates upwards or downwards in Canada.
- Local supply and demand: Apart from the global market, the local market is also responsible for affecting the market rates. When local steel demand is high or when supply is limited, prices tend to rise. On the other hand, when there is an oversupply of scrap steel in the country, the prices of this metal usually fall.
- Quality and Grade: Clean, separated, and heavy scrap steel always commands better rates at the scrap market compared to mixed or contaminated materials.
- Recycling industry dynamics: The recycling industry’s efficiency and capacity can also affect the price of this metal. For example, if traditional methods or equipment are used for recycling or processing, then this can also result in adjusted payouts.
- Government policies and regulations: Government policies, tariffs and regulations can influence scrap prices. For example, if the government imposes strict environmental standards, it can directly increase the cost of recycling operations, affecting the overall payouts.
Tips for Maximizing Your Scrap Steel Value
If you have scrap steel metal at your place and want to sell it, then here is how you can increase the value of your scrap steel:
- Don’t sell dirty or contaminated steel, always remove contaminants like oil, grease, or other materials if you have dirty steel.
- Also, always try to separate the different types of scrap steel, such as ferrous and non-ferrous metals. Selling various kinds of steel at their actual price can earn you the amount that you deserve.
- Don’t contact just one buyer, like a scrapyard or recycling center, that sells the metal. Always get multiple quotes, compare them, and choose the best one that suits you.
- If you have a larger collection, then always try to sell in bulk because the larger your load, the better your payouts.
Bottom Line
Like other scrap metals, the scrap steel prices in Canada are influenced by various parameters such as global markets, local demand, quality and others. Whether you’re cleaning out your garage, scrapping old vehicles, or managing an industrial recycling operation, it’s recommended to stay informed about the current market trends to make smarter decisions.
