Scrap Metal Prices Canada 05-15-23

Scrap Metal Prices Canada 05-15-23

Scrap metal is a valuable resource that contributes to the recycling industry and the overall economy. In Canada, various types of scrap metal, such as copper, aluminum, steel, and brass, hold significant value and play a vital role in sustainable resource management. The prices of scrap metal fluctuate based on market conditions, supply and demand dynamics, and economic factors. In this article, we will provide an overview of the current prices of different types of scrap metal in Canada as of May 15, 2023. Please note that the prices mentioned are approximate and may vary based on location and market conditions.

Average Scrap Metal Prices in Canada (per pound)

It's important to note that these are average prices and may vary depending on various factors such as location, current market demand, and the quantity and quality of the scrap metal being sold. The prices listed here are for informational purposes only and may not be accurate at the time of reading. It's always best to consult with local scrap yards or recycling centers for the most up-to-date and accurate pricing information.

1. Copper:

Copper is a widely used metal known for its excellent electrical conductivity and corrosion resistance. It is extensively used in electrical wiring, plumbing, and industrial applications. The prices of copper scrap are subject to global market trends, economic factors, and regional demand. Here are the current approximate prices for various copper scrap grades in Canada:

Table 1: Copper Scrap Prices in Canada (per pound)

| Grade | Price |

| Bare Bright | CAD 4.50 - CAD 4.80 |

| #1 Copper | CAD 4.20 - CAD 4.50 |

| #2 Copper | CAD 3.90 - CAD 4.20 |

| Insulated Wire | CAD 0.60 - CAD 3.00 |

2. Aluminum:

Aluminum is a lightweight and corrosion-resistant metal widely used in construction, transportation, and packaging industries. It is highly recyclable and offers significant energy savings during the recycling process. The prices of aluminum scrap are influenced by global demand, market conditions, and energy costs. Here are the current approximate prices for various aluminum scrap grades in Canada:

Table 2: Aluminum Scrap Prices in Canada (per pound)

| Grade | Price |

| Aluminum Cans | CAD 0.40 - CAD 0.50 |

| Cast Aluminum | CAD 0.45 - CAD 0.55 |

| Aluminum Sheet | CAD 0.50 - CAD 0.60 |

| Aluminum Wheels | CAD 0.60 - CAD 0.70 |

3. Steel:

Steel is a widely used alloy composed primarily of iron and carbon. It is utilized in various industries, including construction, automotive, and manufacturing. Steel scrap prices are influenced by factors such as market demand, global steel production, and economic conditions. Here are the current approximate prices for different steel scrap grades in Canada:

Table 3: Steel Scrap Prices in Canada (per tonne)

| Grade | Price |

| Shredded Steel | CAD 350 - CAD 400 |

| HMS 1 & 2 | CAD 320 - CAD 370 |

| Rebar | CAD 350 - CAD 400 |

| Cast Iron | CAD 300 - CAD 350 |

4. Brass:

Brass is an alloy of copper and zinc with excellent malleability and corrosion resistance. It finds applications in plumbing fittings, musical instruments, and decorative items. The prices of brass scrap depend on market demand, regional factors, and the quality of the material. Here are the current approximate prices for different brass scrap grades in Canada:

Table 4: Brass Scrap Prices in Canada (per pound)

| Grade | Price |

| Yellow Brass | CAD 2.50 - CAD 3.00 |

| Red Brass | CAD 2.80 - CAD 3.30 |

| Brass Shells | CAD 1.50 - CAD 2.00 |

| Brass Radiators | CAD 1.80 - CAD 2.30 |

5. Stainless Steel:

Stainless steel is a corrosion-resistant alloy widely used in kitchen appliances, construction, and medical equipment. Its scrap prices are influenced by market demand, stainless steel production, and the overall state of the economy. Here are the current approximate prices for different stainless steel scrap grades in Canada:

Table 5: Stainless Steel Scrap Prices in Canada (per pound)

| Grade | Price |

| 304 Stainless Steel | CAD 0.70 - CAD 0.80 |

| 316 Stainless Steel | CAD 0.95 - CAD 1.10 |

| Magnetic Stainless Steel | CAD 0.20 - CAD 0.30 |

6. Lead:

Lead is a heavy metal used in batteries, plumbing, and construction materials. Its scrap prices are influenced by factors such as market demand, lead production, and environmental regulations. Here are the current approximate prices for lead scrap in Canada:

Table 6: Lead Scrap Prices in Canada (per pound)

| Grade | Price |

| Lead Batteries | CAD 0.30 - CAD 0.40 |

| Lead Wheel Weights | CAD 0.20 - CAD 0.30 |

| Soft Lead | CAD 0.35 - CAD 0.45 |

It's important to note that these prices are subject to change based on market fluctuations and regional variations. It is recommended to contact local scrap yards or recycling centers for the most up-to-date and accurate pricing information.

Conclusion:

Understanding the current prices of various types of scrap metal is essential for buyers and sellers in the recycling industry. The prices provided in this article offer a general overview of the approximate values for different grades of scrap metal in Canada as of May 15, 2023. However, it's crucial to stay updated with market trends and consult local scrap yards or recycling centers for precise pricing information. Recycling scrap metal not only contributes to resource conservation but also supports a sustainable and circular economy.