Latest scrap metal prices | Find down what your scrap metal is worth
As of November 2023, the latest scrap metal rates in Australia are as follows:
- Steel: $0.10 – $0.30 per kg
- Copper: $5.00 – $10.00 per kg
- Aluminium: $1.00 – $3.00 per kg
- Brass: $3.50 – $7.00 per kg
- Lead: $1.00 – $2.00 per kg
- Stainless: $1.00 – $2.00 per kg
- Zinc: $1.00 – $2.00 per kg
Please note that these prices are subject to change, and may vary depending on the location, type of metal and condition of the scrap. It’s always best to contact a regional scrap metal dealer for many accurate pricing information. Minimum quantities may apply.
Factors that affect latest scrap metal prices
There are a quantity of facets that can affect scrap metal costs, including:
- Global demand: The international demand for scrap metal is a major driver of costs. If demand is high, prices will be higher.
- Supply and availability: The supply and supply of scrap metal can also affect prices. If there is a shortage of scrap metal, prices will be higher.
- Transportation costs: The cost of transporting scrap metal to a recycling facility can also affect costs. If transportation costs are high, prices will be lower.
- Quality of scrap metal: The quality of scrap metal can also affect prices. Scrap metal that is clean and free of contaminants will fetch a higher price than scrap steel that is dirty or contaminated.
Exactly how getting the most readily useful cost for your scrap metal
If you’re selling scrap steel, there are a few things you can do getting the best price:
- Check the branches: Check always which branch is convenient to you at the time as rates may differ.
- Clean your scrap metal: Make certain your scrap metal is clean and free of contaminants. This will help you get a higher cost.
- Sort your scrap steel: Separate different types of scrap steel into different piles. This will make it easier for the scrap metal dealer to recycle and you gets a better cost.
- Sell in larger amounts: Selling scrap metal in larger quantities will frequently get you a higher price per kilogram.
- Become Loyal: Repeat companies always get top prices possible.
