Scrap Stainless Steel Prices in Toronto
Scrap stainless steel in Toronto is about $1.16/kg ($0.53/lb) on our index as of November 10, 2026. That is the national benchmark, calculated from the nickel spot price; it is an estimate, not a quote from a Toronto yard.
Stainless from Toronto's food-service, hospitality, and construction sectors is steady. 304 and 316 are the common grades — non-magnetic, so a magnet quickly separates them from cheaper magnetic stainless. Sinks, counters, and kitchen equipment are typical sources.
Stainless Steel Grades & Price Ranges
Click any grade to see identification tips and what lowers its value.
No grade data for Stainless Steel.
Where this price comes from
These are index estimates, not quotes from any scrap yard. Yards set their own buying prices, so call ahead.
| Figure | Value | Source | Checked |
|---|---|---|---|
| National stainless steel benchmark | $1.16/kg | Calculated: nickel spot price × a fixed 5.6% ratio | November 10, 2026 |
| Nickel spot price | $20.67/kg | Daily feed from MetalpriceAPI (metalpriceapi.com) | November 10, 2026 |
| Ratio | 5.6% | Set on August 23, 2026 so the index started at $1.20/kg, then held constant. Daily moves are capped at 12%. | August 23, 2026 |
| Toronto figure | $1.16/kg | Same as the national benchmark. We have no city-level price source yet, so we do not show a local difference. | November 10, 2026 |
| Grade ranges | per grade | Ranges set by this site, moved each day by the same percentage as the benchmark | November 10, 2026 |
Full method: how we calculate prices. Spot a mistake? Report it.
Estimate Your Toronto Payout
Select your grade and weight to get an estimate from today's benchmark.
Common Questions
What is the price of scrap stainless steel in Toronto today?
Our index puts scrap stainless steel at about $1.16/kg ($0.53/lb) as of November 10, 2026. This is the national benchmark; it is an estimate, not a quote from a Toronto yard, so call yards to confirm their buying price.
Is the Toronto stainless steel price different from the national price?
On this site, no. We have no city-level price source yet, so the Toronto page shows the national benchmark. Real yard prices in Toronto can be higher or lower; yards set their own rates.
How is the stainless steel price calculated?
The benchmark is the nickel spot price, taken from a daily commodity price feed, multiplied by a fixed 5.6% ratio that has been held constant since August 23, 2026. It is updated each day the feed runs.
Which stainless steel grade pays the most?
Clean, well-sorted stainless steel pays more than mixed or contaminated material.
Do I need ID to sell scrap stainless steel in Toronto?
Rules on seller ID are set by provinces and municipalities, and many yards ask for government photo ID. Bring a driver's licence or passport and check with the yard before you go.