Scrap Steel & Iron Prices UK
Today's UK scrap steel and iron prices per tonne, updated daily. Steel scrap tracks the Turkish import benchmark (CFR Turkey), not the LME.
Scrap Prices Per Kg
| Grade | Low | Avg | High | Sources |
|---|---|---|---|---|
| HMS 1 | £0.13 | £0.13 | £0.13 | Low (1) |
| HMS 2 | £0.10 | £0.20 | £0.26 | Medium (3) |
| Light Iron | £0.16 | £0.16 | £0.16 | Low (1) |
| Cast Iron | £0.12 | £0.12 | £0.12 | Low (1) |
| P&S (Plate & Structural) | — | — | — | Awaiting data |
Prices updated 2026-04-01. Based on data from up to 3 UK scrap yards.
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Prices are indicative estimates. Actual prices vary by yard, region, and metal condition. Always confirm with your local scrap yard.
Understanding Steel Scrap Grades
Steel and iron scrap is priced per tonne, not per kg. HMS 1 (Heavy Melting Scrap, min 1/4" thick) and HMS 2 (thinner gauge) are the standard grades for export. Light iron (white goods, thin sheet) is the most common grade from domestic sources.
Steel prices are more volatile than other metals because they track Turkish import parity, which is affected by shipping costs and geopolitics. Ferrous scrap is the lowest value per kg but the highest volume metal recycled in the UK.