Toronto scrap prices track the US benchmarks converted to Canadian dollars, with the Hamilton steel mills less than an hour away anchoring ferrous demand. Yards spread through Etobicoke, Scarborough and Peel. Bring photo ID; municipal salvage rules require dealers to record every purchase.
Scrap metal prices per lb in Toronto
| Scrap type | Price (CAD) | Change | Global reference |
|---|---|---|---|
| Non-ferrous (per lb) | |||
| Copper Scrap | C$7.79 / lb | ▲ +1.22% | $5.81 / lb |
| Aluminum Scrap | C$1.17 / lb | ▲ +1.16% | $0.87 / lb |
| Brass Scrap | C$4.75 / lb | ▲ +1.14% | $3.54 / lb |
| Stainless Steel Scrap | C$0.76 / lb | ▲ +0.00% | $0.57 / lb |
| Lead Scrap | C$0.79 / lb | ▲ +0.00% | $0.59 / lb |
| Zinc Scrap | C$1.21 / lb | ▲ +0.00% | $0.90 / lb |
| Battery Scrap | C$0.31 / lb | ▲ +0.00% | $0.23 / lb |
| Radiator Scrap | C$4.48 / lb | ▲ +1.21% | $3.34 / lb |
| Wire Scrap | C$3.77 / lb | ▲ +1.44% | $2.81 / lb |
| Cable Scrap | C$2.51 / lb | ▲ +1.08% | $1.87 / lb |
| Electronic Scrap | C$1.07 / lb | ▲ +1.27% | $0.80 / lb |
| Ferrous and bulk (per ton) | |||
| Steel Scrap | C$402 / ton | ▲ +0.00% | $300 / ton |
| Iron Scrap | C$354 / ton | ▲ +0.00% | $264 / ton |
| Car Scrap | C$483 / ton | ▲ +0.00% | $360 / ton |
| Cast Iron | C$386 / ton | ▲ +0.00% | $288 / ton |
Indicative dealer prices for clean, sorted scrap in Canada, shown here for Toronto. Individual yards quote around this level by grade, volume and condition; the derivation from exchange benchmarks and the exchange rate (1 USD = 1.38 CAD) is described in the methodology section below.
Toronto scrap price chart (CAD)
Daily open, high, low and close for the most traded scrap metals in CAD, the same series Toronto yards price against. Scroll to zoom and drag to move along the timeline.
Price history could not be loaded.
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The scrap market in Toronto
The Greater Toronto Area is Canada's largest scrap market, and it sits beside the country's steelmaking heart: the Hamilton mills draw heavy melt, shredded and busheling from across the GTA, keeping ferrous freight short and bids steady in a way most Canadian cities never see.
Non-ferrous follows the exchanges through the Canadian dollar, so a weak loonie lifts local quotes even on a flat metal day. Construction and condo renovation feed constant copper, wire and aluminium flows, and the yard belt runs the industrial edges of the city rather than the core.
- Province
- Ontario, Canada
- Quoted in
- CAD per lb (non-ferrous), per ton (ferrous)
- Yards cluster in
- Etobicoke, Scarborough, Mississauga, Brampton
- Demand from
- Hamilton steel mills, GTA construction
Where the scrap yards are in Toronto
- Etobicoke and the west end: full-service yards along the industrial corridors.
- Scarborough and the east: retail and contractor yards.
- Mississauga and Brampton: the Peel industrial belt with the larger processors.
- Hamilton: the steel city itself, worth the drive for mill-sized ferrous loads.
What pays well in Toronto
- Prepared heavy melt and demolition steel for the Hamilton mills.
- Renovation copper and wire from the condo trades.
- Aluminium siding, rails and extrusion from the suburbs.
Selling scrap metal in Toronto: rules, ID and payment
Ontario regulates scrap through municipal salvage and second-hand dealer rules: Toronto-licensed yards record photo ID and purchase details, and many pay larger or regulated lots by cheque. Vehicles need the ownership permit, and out-of-province ID is fine with an address.
Before any sale, check the live board above, sort by grade and get quotes from two or three buyers; the best scrap price guide covers the routine and the calculator turns a weight into a figure at today's price. To judge whether a local quote is competitive, our note on telling a well-paying yard from a headline rate sets out the benchmark test.
Toronto scrap price FAQ
What is the scrap copper price in Toronto today?
As of the latest update, the indicative price for clean number 1 copper is about C$7.79 per lb in CAD. Toronto yards typically quote within a few percent of that figure either side, depending on grade, volume and the buyer; the live board above shows all fifteen grades.
Where can I sell scrap metal in Toronto?
Etobicoke and the west industrial corridors, Scarborough in the east and the Peel belt through Mississauga and Brampton hold most of the licensed yards. For a tonne or more of prepared steel, phoning a Hamilton buyer as well usually adds a few dollars a ton.
Does the exchange rate change what Toronto yards pay?
Yes, directly. Benchmarks are set in US dollars, so when the Canadian dollar weakens, the same world price converts to more CAD and boards rise within days. Sellers here watch the currency as closely as the metal.
Are Toronto prices different from the national board?
The board on this page is the Canada indicative level, and Toronto yards trade around it rather than exactly on it. Local competition, freight to the nearest consumer and the day's export demand set the spread, which is why two quotes in the same city can differ by several percent on the same morning.
Sources and methodology
The Toronto board uses the Canada indicative prices: global exchange benchmarks (COMEX copper, CME aluminum and steel, NYMEX platinum and palladium, IMF monthly lead, zinc and nickel) multiplied by typical yard recovery shares, a local market factor of 0.97 and the day's exchange rate. The full method, the recovery shares and the correction policy are on our editorial policy page; local notes on this page are reviewed against published dealer information and reader corrections sent to info@scrappricetoday.com.
Prices are indicative and for information only; they are not offers to buy or sell. Yard quotes in Toronto vary by grade, volume, condition and buyer.
Nearby and related
Scrap metal prices in Canada · All countries · Catalytic converter prices