Hamilton Scrap Metal Prices
Scrap metal recycling plays an integral role in boosting local economies and promoting environmental sustainability. In the Canadian port city of Hamilton, the industrial landscape, primarily the steel and manufacturing industry, creates a substantial demand for scrap metal. This article provides an overview of the current scrap metal prices in Hamilton, focusing on copper, aluminium, steel, iron, and brass.
Finding the Current Scrap Metal Prices in Hamilton
Several reliable resources can help you find the current scrap metal prices in Hamilton. Local scrapyards and recycling centres usually offer the most updated prices as they continuously monitor local market dynamics. As scrap metal prices fluctuate due to global market trends, local demand, and scrap quality, it’s advisable to directly contact these facilities or check their websites for the most accurate information.
Furthermore, international benchmark prices for scrap metal can be found on platforms like the London Metal Exchange and various commodities trading websites. However, these prices might not always reflect the local prices in Hamilton due to factors such as transportation costs and local supply-demand dynamics.
Scrap Copper Prices in Hamilton
Copper is a highly valued scrap metal due to its widespread usage in sectors such as electronics, plumbing, and electrical wiring. The demand for scrap copper is consistently high in Hamilton, leading to favourable prices.
At present, scrap copper prices in Hamilton fluctuate between approximately CAD 8.20 – CAD 11.70 per kilogram, depending on the quality and type of the copper scrap. Clean, pure copper usually commands the highest prices, while mixed or contaminated copper may yield less.
Scrap Aluminium Prices in Hamilton
Recognised for its lightness and resistance to corrosion, aluminium is extensively used in industries like automotive and construction. The consistent demand for recycled aluminium in Hamilton ensures a solid market for this metal.
Scrap aluminium prices in Hamilton are typically lower than copper due to its more abundant supply and lower production cost. The current average price ranges from CAD 0.90 – CAD 1.30 per kilogram. However, certain types of aluminium scrap, like extruded aluminium, may command higher prices.
Scrap Steel Prices in Hamilton
Steel, one of the most frequently recycled metals worldwide, is widely used in industries such as construction, manufacturing, and transportation. In Hamilton, home to one of the most productive steel industries in Canada, the demand for scrap steel is robust.
Scrap steel prices in Hamilton typically range from CAD 0.18 – CAD 0.26 per kilogram. The price can significantly vary depending on the type and quality of the steel. For example, stainless steel, known for its high resistance to rust and corrosion, usually fetches a higher price.
Scrap Iron Prices in Hamilton
Iron, a key component in many industrial applications, maintains a steady demand in the scrap metal market. In Hamilton, scrap iron prices often align with steel prices, given that steel is predominantly composed of iron.
On average, scrap iron prices in Hamilton range from CAD 0.16 – CAD 0.25 per kilogram. Factors such as the form of the scrap (cast iron, wrought iron, etc.) and its contamination level can influence the exact pricing. Additionally, larger quantities of iron scrap may command better rates due to economies of scale.
Scrap Brass Prices in Hamilton
Brass, an alloy of copper and zinc, is prized for its aesthetic appeal and corrosion resistance. It’s commonly used in fixtures, fittings, and musical instruments. The demand for scrap brass is consistently high in Hamilton, particularly within the construction and home renovation sectors.
The current rate for scrap brass in Hamilton varies between CAD 5.50 – CAD 6.50 per kilogram. Factors such as the quality, quantity, and form of the brass scrap can influence the exact price. Clean, pure brass usually fetches a higher price.
In Conclusion, Hamilton is another city in Ontario that has a high supply and demand of metal, consequently, scrap metal prices in the city are amongst the highest in the whole province.
You will often find that copper and aluminium have the highest prices and that this remains the case for most of the year. Similarly, in Hamilton you will also find that these metals are the most frequently traded as well.
This huge demand is driven by the needs of many industries within the city. The best places that we found to trade scrap metal were; AIM Recycling Hamilton (75 Steel City Close), Wentworth Metal Recycling (495 Wentworth Street North) and Triple M Metal LP Hamilton Strathearne (670 Stratehearne Avenue). Copper, aluminium, lead, steel, iron, bronze and brass are all frequently accepted at each of these recycling facilities and most of the prices are stable year-round too. This means that you can expect to receive a fair price for your metal without worrying about being ripped off.
You will find that these facilities have great prices and in many cases exceed the average price of scrap metals across the whole of Canada. Our recommendation for scrap metal traders based in Hamilton is to travel to any one of these centrally located facilities whenever you have a decent-sized stash of materials. Make sure that you keep on top of the prices for each of them as they do tend to fluctuate quite a lot from month to month. If you check our page you will be able to determine what the prices are for the city from all of its scrap yards, however if you call the individual scrap yards up then you will be able to gauge their prices against this average too.
|Price per Kilo (kg)