Looking to turn scrap into cash? You’re not alone. Whether you’re cleaning out the garage, running a business, or just want to help the planet, knowing Ontario’s scrap metal prices can make or break your payday. Prices swing like a weather vane in a storm, and missing the right moment can mean leaving money on the table.
What Are Scrap Metal Prices In Ontario Right Now?
Scrap metal prices in Ontario change every week, but as of January 2025, copper pays between CAD 3.60–4.40 per pound, steel averages around 0.49 USD per pound, and aluminum hovers near 0.18 USD per pound. These numbers shift with supply, demand, and even the weather.
Current Scrap Metal Prices in Ontario
| Metal Type | Price Range (CAD per lb) |
|---|---|
| Copper (Bare Bright) | $5.10 – $5.35 |
| Copper #1 | $4.97 – $5.22 |
| Copper #2 | $4.60 – $4.85 |
| Brass | $2.95 – $3.15 |
| Aluminum (Extrusion) | $1.05 – $1.37 |
| Aluminum (Mixed) | $0.85 – $1.14 |
| Stainless Steel (304) | $0.50 |
| Lead | $0.50 – $0.70 |
| Steel (Heavy Melt) | $0.12 – $0.43 |
If you’re after specifics, here’s what you’ll find at most Ontario scrapyards:
- Copper: CAD 3.60–4.40 per pound (average 2.93–4.58 USD/lb, depending on location and grade)
- Steel: 0.44–0.60 USD per pound, depending on the city
- Aluminum: 0.15–0.22 USD per pound, with sorted cans fetching up to 59¢/lb in Toronto
Prices can jump or drop fast. For example, steel prices recently went up by $10–$15 per ton because there’s less scrap available
What Makes Scrap Metal Prices Go Up Or Down?
Scrap metal prices in Ontario depend on global markets, local supply and demand, weather, and currency swing. If factories are humming and construction’s booming, demand for scrap spikes. If international tariffs change, prices can jump 20% overnight.
Here’s what moves the needle:
- Supply and Demand: More recycling means more scrap, which can push prices down. In busy months, recycling in Ontario jumps by 40%, and prices follow
- Tariffs and Trade: About 60% of Ontario’s scrap is exported. New tariffs or trade deals can raise prices by 20%
- Regulations: Stricter environmental rules add costs, but also push prices up by about 10% as companies scramble to comply
- Seasonal Swings: Spring construction boosts prices by 15% as demand for metal rises
- Currency Fluctuations: A weaker Canadian dollar makes exports more attractive, pushing local prices higher.
Suggested data section: Include a table of historical price trends for copper, steel, and aluminum over the past year. This helps readers see patterns and plan their next sale.
Where Can You Get The Best Scrap Metal Prices In Ontario?
The best scrap metal prices in Ontario are usually found at local scrapyards in cities like Toronto, Hamilton, and Mississauga, but prices can vary even within the same cit.y Always call ahead for a quote.
Some tips to squeeze out every dollar:
- Sort your metals—clean, separated scrap always pays more.
- Watch for market updates—prices can change weekly.
- Ask about bulk rates if you’ve got a truckload.
Why Do Scrap Metal Prices Matter?
Scrap metal prices matter because they put real money in your pocket and help keep Ontario green With over 11 million tons of metal recycled in Canada each year, every pound counts More recycling means less landfill, less mining, and a cleaner province.
For businesses, staying sharp on prices can mean the difference between profit and loss. For families, it’s a simple way to turn clutter into cash.
Quick Reference: Ontario Scrap Metal Prices (January 2025)
| Metal | Typical Price Range (CAD/lb) | Notes |
|---|---|---|
| Copper | 3.60–4.40 | Higher for clean, sorted wire |
| Steel | 0.60–0.80 (per lb) | Bulk rates for large quantities |
| Aluminum | 0.15–0.22 | Cans fetch premium rates |
Final Thoughts
Scrap metal prices in Ontario don’t sit still. They’re shaped by the world’s economy, local demand, and even the weather. If you want the best rates, stay informed, sort your metals, and check prices before you load up the truck. Turning trash into treasure is all about timing and know-how.
Q: Why do scrap metal prices change frequently?
A: Prices fluctuate due to global market demand, economic conditions, and regional factors affecting supply and demand.​
Q: How can I ensure I’m getting the best price for my scrap metal?
A: Regularly monitor market prices, prepare your metals properly, and compare offers from multiple scrap yards.​
Q: Are there any metals that are consistently more valuable?
A: Copper and brass often have higher value due to their demand in various industries.​
