Hamilton, ON Scrap Metal Prices

Around 600,000 people live in Hamilton, and unlike in many of the other cities in Canada, scrap metal prices are actually fairly low at present. The reasons behind this is a lull in the demand for most of the major varieties of metal and secondly because of the recently relaxed laws for trading it. As mentioned previously, the laws concerning purchasing or selling scrap metal in Hamilton are considerably more relaxed than most of Canada. As a result of this, it is very convenient to use scrap metal as a passive income.

Unfortunately, this is why the previous restrictions limiting its sale were put in place. The impact of changing this legislation is that many small to medium sized businesses in and around Hamilton are having metal stolen from their storage facilities. This has in turn drove the price of most commercially available metals down substantially. The only rule which has remained in place from the past is that scrap yards needs to retain information for at least 2 years, however this has done little to stabilise the wildly fluctuating prices.

In addition to this, you will also find that there is a lot of natural resources (metal based) situated close to Hamilton, this also has an impact on scrap metal prices within the city. Our recommendations to anybody looking to sell scrap metal in Hamilton is to hold on to your metal, build up a sizeable amount and then take it across to one of the neighbouring cities instead. Even travelling around the perimeter of Lake Ontario will have cities in it which have much better prices.

Despite this, there are a few different scrap yards which provide good prices across the year. These are AIM Recycling Hamilton, Triple M Metal LP Hamilton Strathearne and Pic N Save Self Serve Auto Parts. While the prices you receive from these centres will be good, they won't be great and so we would recommend looking elsewhere if that is possible.