Scrap Steel Prices in Toronto
Scrap steel in Toronto is about $0.22/kg ($0.10/lb) on our index as of August 23, 2026. That is the national benchmark, a fixed figure with no live market feed; it is an estimate, not a quote from a Toronto yard. The top grade, Light Iron, ranges $0.18/kg to $0.25/kg.
Ontario's manufacturing belt keeps steel volume high across Toronto. Hamilton's integrated mills exert pricing pressure on Toronto yards, keeping margins tighter — but volume-sellers often get above-posted rates with a quick call ahead.
Steel Grades & Price Ranges
Click any grade to see identification tips and what lowers its value.
| Grade | Price Range |
|---|---|
TopLight Iron Thin-gauge steel scrap including sheet metal, small appliances, and auto bodies. | $0.18/kg – $0.25/kg |
Thick-gauge steel scrap including structural steel, pipe, and machinery. | $0.22/kg – $0.32/kg |
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 steel benchmark | $0.22/kg | Fixed figure set by this site. There is no live market feed for steel, so this number is not covered by a live source. | August 23, 2026 |
| Toronto figure | $0.22/kg | Same as the national benchmark. We have no city-level price source yet, so we do not show a local difference. | August 23, 2026 |
| Grade ranges | per grade | Ranges set by this site; not covered by a live source | August 23, 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 steel in Toronto today?
Our index puts scrap steel at about $0.22/kg ($0.10/lb) as of August 23, 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 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 steel price calculated?
There is no live market feed for steel. The benchmark is a fixed figure set by this site and is not covered by a live source.
Which steel grade pays the most?
On our index the highest grade is Light Iron, at $0.18/kg to $0.25/kg. Thin-gauge steel scrap including sheet metal, small appliances, and auto bodies.
Do I need ID to sell scrap 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.