Iron Prices in London
Current local market rate for scrap iron in London. Compared with the UK national average.
London Indicative Rate
Last updated: 21/08/2026
A regional guide derived from our UK index, not a quote from a named yard. Confirm with the yard before travelling.
UK National Average
London vs UK Average
Our indicative rate for iron in London is £0.06–£0.14/kg — a regional adjustment of 5% above the UK national average of £0.06–£0.13/kg. It is a guide derived from our national index, not a quote from any particular yard: local competition, transport costs and yard capacity all move real prices. Always confirm with the yard before you travel.
Where Iron Pays Most in the UK
Of the 8 cities we hold a local iron rate for, London ranks 1st. Rates move with local demand, transport costs and how much competition there is between yards, so it is worth checking neighbouring cities if you have a large load and can travel.
| City | Local rate (£/kg) | vs UK average |
|---|---|---|
| London (this page) | £0.06–£0.14 | +5% |
| Edinburgh | £0.06–£0.13 | in line |
| Leeds | £0.06–£0.13 | in line |
| Liverpool | £0.06–£0.13 | in line |
| Manchester | £0.06–£0.13 | -2% |
| Birmingham | £0.06–£0.13 | -3% |
| Sheffield | £0.06–£0.13 | -4% |
| Glasgow | £0.06–£0.12 | -5% |
Local rates are indicative and change with the commodity markets. Always confirm with the yard before travelling.
Scrap Yards in London
Frequently Asked Questions – Iron in London
How much is scrap iron worth in London?▾
Our indicative guide for scrap iron in London is £0.06–£0.14/kg. That is a regional adjustment to our UK national index rather than a quote from a named yard, so treat it as a starting point and get at least two local quotes before selling.
Is scrap iron priced differently in London vs the rest of the UK?▾
Yes — London rates are currently around 5% higher than the UK national average. Regional differences are influenced by local yard competition, transport costs, and market demand.
Can a London scrap yard pay me cash for iron?▾
No. Under the Scrap Metal Dealers Act 2013, all scrap dealers in the UK — including those in London — are legally required to pay by bank transfer or cheque. Never accept a cash offer.