Monitoring scrap metal prices is crucial for anyone involved in the recycling or scrap metal industry. Fluctuations in prices can significantly impact your profits, and staying informed allows you to make timely decisions on when to buy or sell.
Scrap metal is an important commodity in Canada, with a thriving recycling industry that supports a range of sectors. In this article, we'll take a look at current trends in scrap metal prices in Canada and provide some tables to give you an idea of what you can expect to get for your scrap metal.
Factors That Affect Scrap Metal Prices
There are several factors that can impact the price of scrap metal in Canada. These include:
Global supply and demand: Just like with scrap nickel, the price of scrap metal is largely determined by global supply and demand dynamics. When demand is high and supplies are limited, prices tend to rise. Conversely, when demand is low and there is an oversupply of metal, prices can fall.
Commodity market conditions: The state of commodity markets can have a significant impact on scrap metal prices. When commodity prices are high, scrap metal prices tend to be higher as well.
Economic conditions: The economic climate in Canada can also impact scrap metal prices. In times of economic uncertainty, such as during a recession, demand for scrap metal can decrease, which can lead to lower prices.
Scrap metal prices in Canada can vary significantly across different provinces due to factors such as local demand, supply, and transportation costs. Below is a table summarizing the average prices per kilogram (CAD) for common scrap metals in select Canadian cities, which are representative of their respective provinces. Please note that these prices are approximate and subject to change; for the most current rates, it's advisable to contact local scrap yards directly.



What factors influence scrap metal prices?
Supply and demand, market trends, industrial needs, and global economic conditions.
How often do scrap metal prices change?
Prices can change daily based on market conditions.
Where can I sell scrap metal in Canada?
Numerous scrap yards and recycling centers across Canada accept various metals.
Is there a best time to sell scrap metal?
Typically, prices are higher when industrial demand is strong.