Scrap Stainless Steel Price Trends in Canada
Scrap stainless steel is trading around $1.19/kg ($0.54/lb) across Canadian yards — down 1.7% over the past 30 days. Updated daily.
Market Summary
Scrap stainless steel is trading around $1.19/kg ($0.54/lb) across Canadian yards — down 1.7% over the past 30 days. Updated daily.
Scrap stainless steel is currently paying about $1.19/kg ($0.54/lb) as an indicative national buying rate across Canadian yards.
Recent movement
Over the past 30 days, scrap stainless steel is down 1.7%; over 90 days it is down 6.3%, and down 1.7% versus six months ago. The broader trend this quarter has been softer.
Why stainless steel prices move
Scrap stainless steel prices track the LME stainless steel market, adjusted for what yards actually pay after grading, processing and transport. Non-magnetic 304 and 316 stainless pay more than magnetic or mixed grades; a magnet is the quickest sort test.
Selling stainless steel
Sorting and cleaning your stainless steel before you sell makes a real difference to the offer. Check today's stainless steel price in your city on the price index, or use the calculator to estimate your payout from weight and grade.
Today's national average for all metals.
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