Current Scrap Metal Prices in Ottawa — What You Can Expect in 2026
If you’re sitting on a pile of scrap metal in Ottawa, you’re probably wondering what it’s worth. Scrap metal prices fluctuate constantly based on global commodity markets, supply and demand dynamics, and geopolitical factors. In 2026, several trends are shaping the market in Eastern Ontario and the broader Canadian scrap metal industry.
At CFT Group, we’ve been buying and processing scrap metal in Ottawa for over 60 years. Here’s what you need to know about current pricing and what to expect this year.
How Scrap Metal Pricing Works in Canada
Scrap metal prices in Ottawa are tied to global commodity exchanges, primarily the London Metal Exchange (LME) and COMEX. When international demand for raw metals rises — driven by construction, manufacturing, and infrastructure projects — scrap prices go up. When demand softens, prices dip.
In Canada, prices are also affected by the exchange rate between the Canadian and U.S. dollar, since most metal commodities are traded in USD. A weaker Canadian dollar can actually boost scrap metal payouts in CAD, since the same USD price translates to more Canadian dollars.
Other factors that influence scrap metal prices in Ottawa include local supply levels (how much scrap is available in the region), transportation costs from Ottawa to smelters and mills, the grade and cleanliness of the material, and seasonal demand patterns in construction and manufacturing.
2026 Price Ranges for Common Metals in Ottawa
The following are approximate price ranges for common scrap metals in the Ottawa region as of early 2026. These are general ranges — actual prices depend on quantity, quality, and market conditions on the day you sell. Always call 1-800-263-2344 for a current quote.
Copper — Copper remains one of the most valuable scrap metals. #1 bare bright copper wire commands the highest prices, while #2 copper (with insulation or minor contamination) pays somewhat less. Copper prices have remained strong in 2026 due to continued demand from the electrical and renewable energy sectors.
Aluminum — Clean aluminum cans, extrusions, and sheet aluminum all have solid value. Cast aluminum (engine blocks, transmission housings) also sells well. Aluminum demand is driven by the automotive and packaging industries, both of which continue to grow.
Steel and Iron — While steel and iron pay less per pound than copper or aluminum, they make up the bulk of most scrap loads. Heavy melting steel, structural steel, and auto bodies are all priced by the ton. Steel prices in 2026 have been influenced by infrastructure spending across Canada and the U.S.
Stainless Steel — Stainless steel prices vary significantly depending on the grade (304, 316, etc.) and nickel content. Higher-nickel grades command better prices. Common sources include kitchen sinks, appliances, and food processing equipment.
Brass — Yellow brass (plumbing fixtures, valves, fittings) and red brass both maintain consistent demand. Brass prices are tied to copper and zinc markets.
Lead — Lead-acid batteries remain the primary source of scrap lead. Battery recycling is a regulated industry, and CFT Group handles lead-acid batteries in compliance with all Ontario environmental regulations.
Tips for Getting the Best Scrap Metal Prices in Ottawa
Separate your metals. Mixed loads of scrap pay less than sorted material. Take the time to separate copper from aluminum, steel from stainless, and so on. The cleaner and more sorted your load, the better price you’ll receive.
Remove non-metal attachments. Strip insulation from copper wire, remove rubber or plastic fittings from brass, and clean off excessive rust or paint where possible. Cleaner material grades higher and pays more.
Bring larger volumes. While CFT Group happily accepts any quantity of scrap, larger loads generally qualify for better per-pound rates. If you’re a contractor or industrial operation, ask about volume pricing.
Watch the market. If you’re not in a rush, it can pay to hold your scrap when prices dip and sell when they recover. However, storage and opportunity costs should also be factored in.
Sell to a reputable buyer. Not all scrap yards offer fair pricing. CFT Group uses certified scales, posts transparent pricing, and has built a reputation for honest dealings over six decades in the Ottawa market.
Where to Sell Scrap Metal in Ottawa
CFT Group operates four convenient locations for selling scrap metal in the Ottawa region: Ottawa (6682 Bank St), Stittsville (7628 Flewellyn Rd), Aylmer (601 Chemin Klock), and Pembroke. No appointment needed — just drive in during business hours and our team will sort, weigh, and pay you on the spot.
For large-volume pickups or container service, call 1-800-263-2344. We also offer scrap car removal, vehicle recycling, and bin rental services across Ottawa.