Scrap steel prices UK
Steel scrap, loose averaged £287 per tonne in July 2026, down 4% on the month before and up 16% on a year earlier. These are average UK export values from HMRC. They show the market trend, and a dealer's offer for your material will be lower.
Scrap steel prices UK in July 2026
| Material | Jul 2026, per tonne | Month before | Change | A year earlier |
|---|---|---|---|---|
| Steel scrap, loose | £287 | £300 | down 4% | £248 |
| Steel scrap, shredded | £321 | £333 | down 4% | £261 |
| Steel scrap, in bundles | £431 | £565 | down 24% | £292 |
| Steel turnings | £389 | £296 | up 31% | £265 |
| Cast iron scrap | £304 | £509 | down 40% | £433 |
| Stainless steel scrap (8% nickel or more) | £544 | £585 | down 7% | £316 |
| Other stainless steel scrap | £1,126 | £1,182 | down 5% | £404 |
| Tinned steel scrap, including steel cans | £234 | £232 | up 1% | £233 |
Steel scrap, loose price trend
| Month | Average per tonne | Tonnes exported |
|---|---|---|
| July 2026 | £287 | 407,762 |
| June 2026 | £300 | 344,576 |
| May 2026 | £292 | 479,511 |
| April 2026 | £274 | 395,157 |
| March 2026 | £287 | 393,017 |
| February 2026 | £336 | 337,134 |
| January 2026 | £262 | 280,773 |
| December 2025 | £265 | 347,179 |
| November 2025 | £254 | 314,450 |
| October 2025 | £248 | 432,782 |
| September 2025 | £250 | 288,878 |
| August 2025 | £241 | 455,249 |
| July 2025 | £248 | 346,377 |
How to read these figures
These are average values, not offers. HMRC records the value and weight of the scrap and recovered material that leaves the UK, and dividing one by the other gives a price per tonne.
- They reflect large, sorted loads that are ready for export.
- A dealer buying from your business will pay less, to cover collection, sorting and their margin.
- Use them to follow the direction of the market and to judge whether a quote is reasonable.
What affects the price you are offered
- Grade and cleanliness. Sorted, clean material earns the most.
- Quantity. Regular, larger loads earn better terms.
- Distance. Haulage comes out of the price.
Our guide explains the grades and how to prepare your material: How to sell scrap steel.
Register and list your scrap steel
Frequently asked questions
Is this the price a dealer will pay me?
No. These figures are the average value of UK exports recorded by HMRC, which reflects large, sorted loads that are ready for export. A dealer buying from your business will offer less, depending on grade, quantity and distance. Use the figures to follow the market and to judge whether a quote is reasonable.
Why is steel priced per tonne and copper per kilo?
Steel is worth far less by weight, so it only makes sense to trade it in tonnes. Higher value metals such as copper are often quoted per kilo for smaller loads.
How often are these prices updated?
Monthly. HMRC publishes trade figures about six weeks after the end of each month, and this page updates automatically when new figures arrive.
More prices: Scrap metal prices, Scrap aluminium prices, Scrap copper prices, all prices.