Steel Prices in London
Current local market rate for scrap steel in London. Compared with the UK national average.
London Local Rate
Last updated: 25/03/2026
UK National Average
London vs UK Average
London scrap yards are currently paying £0.16–£0.26/kg for steel, which is 5% above the UK national average of £0.15–£0.25/kg. Local competition, transport costs, and yard capacity all contribute to regional price differences.
Scrap Yards in London
Frequently Asked Questions – Steel in London
How much is scrap steel worth in London?▾
Scrap steel in London currently fetches £0.16–£0.26/kg. This is the local market rate based on prices reported by London scrap yards.
Is scrap steel 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 steel?▾
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.