Stainless steel 304 scrap price in Ontario
Sinks, counters, food equipment. Non-magnetic.
Typical Ontario yard price, checked October 27, 2026
$0.65/lb
Range $0.57 – $0.73/lb
What counts as stainless steel 304
Sinks, counters, food equipment. Non-magnetic. The common grade in sinks, kettles and restaurant equipment. Non-magnetic (or only slightly magnetic where it's been bent).
How the price is set
This grade tracks the London Metal Exchange price for nickel (2026-10-26), converted at the Bank of Canada rate of 1.4038 CAD per USD. Ontario yards typically pay about 75% of the exchange price for it; the rest covers sorting, freight and the yard's margin.
Other grades
| Stainless steel 316 | $1.41/lb |