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Scrap Car Prices Per Ton in Canada (2026)

Current steel scrap prices by province and what they mean for your car's actual payout.

Quick answer

Scrap steel (HMS #1 grade) currently trades at $340–$550 per metric tonne across Canada, with BC and Ontario at the top and the Atlantic provinces at the low end. A typical scrap car contains roughly 60% steel by weight — so the steel content of a 1,500 kg car is worth about $305–$495 at processor rates. Your actual payout from a scrap yard is lower ($200–$400 for steel) because yards deduct towing, processing, and their margin — but catalytic converter value and aluminum push the total back up. Running cars in good shape typically get $250–$850 all-in depending on vehicle type and province. Use the free calculator below for your specific vehicle.

Scrap Steel Prices Per Tonne by Province (2026)

HMS #1 (Heavy Melting Steel) is the benchmark grade used for scrap cars. These are processor-level prices — what yards receive. Updated weekly.

ProvinceSteel HMS1 (CAD/tonne)vs Ontario
British Columbia$380–$550+$15
Ontario$370–$530baseline
Quebec$360–$510−$15
Manitoba$360–$510−$15
Alberta$350–$500−$25
Nova Scotia$350–$500−$25
New Brunswick$350–$500−$25
Saskatchewan$340–$490−$35
Prince Edward Island$330–$480−$45
Newfoundland$330–$470−$50

Source: Yahoo Finance HRC futures + Canadian yard differentials. Updated weekly via ScrapHub price pipeline. See full metal prices →

Why Your Payout Is Lower Than the Spot Price

The steel HMS1 price above is what processors pay scrap yards. Before that money reaches you, three costs come off:

Towing$50–$150 depending on distance and vehicle condition. Yards offering "free towing" build this into their offer.
Processing overheadShredding, sorting, and shipping steel to a processor costs yards roughly $50–$100/tonne.
Yard's marginLicensed yards need to operate profitably. Their net on each car is typically $50–$150 after all costs.

The net result is that the steel component of your payout is roughly $150–$250 per tonne of car weight — about half the HMS1 spot price. But scrap cars also contain a catalytic converter ($80–$220) and cast aluminum ($30–$80), which push your total offer above the steel-only number.

Estimated Scrap Car Payout by Vehicle Type

Ranges reflect all conditions — running, good-title cars fetch the high end; major damage or missing parts bring the low end. CAD prices for Ontario.

Vehicle TypeEst. Payout (CAD)

Compact car

Honda Civic, Toyota Corolla

$150–$450

Midsize sedan

Toyota Camry, Honda Accord

$200–$550

Midsize SUV

Honda CR-V, Toyota RAV4

$250–$650

Half-ton truck

Ford F-150, Ram 1500

$400–$850

Full-size SUV

Chevy Suburban, Ford Expedition

$450–$900

Minivan

Dodge Caravan, Honda Odyssey

$225–$600

Includes steel value, catalytic converter, and aluminum at current Ontario rates. Varies by province and condition.

Get Your Exact Price — Free Calculator

Instead of estimating from per-tonne rates, enter your specific vehicle. The calculator uses your car's actual curb weight, current provincial metal prices, catalytic converter type, and condition to return a real price range.

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What Moves Scrap Car Prices Per Ton

Global steel demand

HMS1 prices track global steel production. When Chinese steel mills ramp up production, demand for scrap feed increases and Canadian prices rise. A 10% swing in LME steel futures typically moves Canadian yard prices by $20–$40/tonne within 2–4 weeks.

USD/CAD exchange rate

Scrap steel is priced globally in USD. When the Canadian dollar weakens against the US dollar, Canadian HMS1 prices rise in CAD terms — your payout improves in dollar terms even if the underlying commodity hasn't moved. ScrapHub updates exchange rates weekly.

Provincial export access

BC prices are highest because the Port of Vancouver ships directly to Asian markets, creating competition among processors. Ontario ships via Great Lakes to US mills. Atlantic provinces ship through Halifax but with smaller volumes and higher per-unit freight costs.

Season

Scrap yard volumes typically increase in spring (tax season, spring cleaning) which softens per-ton prices slightly as supply rises. Prices are often firmer in late fall when yard inventories are lower.

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