Scrap Steel Prices in Sydney
Scrap steel in Sydney currently pays from $0.05 per kilogram for light steel up to $0.08 for heavy melting steel (hms). As the capital of New South Wales, Sydney has the densest scrap yard network in the state.
Steel grades and payouts in Sydney (per kg)
Estimated yard payouts for each grade, based on the current LME spot ($0.42/kg) and Sydney's 1.00× regional adjustment. Actual offers vary by yard, load size, and material quality.
| Grade | Payout rate | Est. mid (AUD/kg) | Range |
|---|---|---|---|
| Heavy Melting Steel (HMS) Steel at least 6mm thick. Standard ferrous grade for export markets. | 18% | $0.08 | $0.06 – $0.09 |
| Light Steel Thinner sheet steel, appliance cabinets, light gauge profiles. | 12% | $0.05 | $0.04 – $0.06 |
Price history
Local Sydney prices track the national steel series — multiply by 1.00 for Sydney equivalents. View the full 30-day chart on the national steel page.
Where these numbers come from
| Figure | Value | Source | Type | Checked |
|---|---|---|---|---|
| Steel spot price | A$0.42/kg | Fixed site estimate of A$0.42/kg | Fixed estimate, not a market feed | |
| Sydney regional factor | 1.00× | Our model (freight distance and yard rate differences) | Our estimate | |
| Steel grade payout rates | 18% / 12% | Our estimate from published yard rate cards | Our estimate |
Spot prices are converted to Australian dollars per kilogram. Yard payouts are our estimates (spot × grade payout rate × regional factor), not quotes from any yard. Set when the site launched on 2026-05-16 and not updated since. No live steel scrap price feed is used. Full detail: methodology.
Steel in Sydney
Sydney has Australia's largest scrap metal market by volume, driven by construction in Greater Sydney and large industrial activity in Western Sydney corridors like Wetherill Park, Silverwater, and Liverpool. Competition between yards keeps payouts close to national benchmarks.
As a capital city, Sydney has the densest scrap yard concentration in New South Wales, with active buyers for all common steel grades. Industrial demolition, residential renovations, and trade volumes from electricians, plumbers, and panel beaters provide consistent supply.
Scrap yards in Sydney that buy steel
80 scrap yards listed in the Sydney area. Browse all yards in Sydney →
Frequently asked questions
What's the current price for scrap steel in Sydney? +
Today's estimated payouts in Sydney range from $0.05 per kilogram (light steel) up to $0.08 (heavy melting steel (hms)). Prices update daily and reflect Sydney's 1.00× regional adjustment from the Sydney benchmark. See the grades table above for all payouts.
Where can I sell scrap steel in Sydney? +
Check the Sydney yard directory for addresses and phone numbers, then call 2-3 yards before transport. Most Sydney yards accept steel in all common grades, though smaller yards may have minimum weight requirements.
Why does Sydney typically pay the highest scrap steel rates? +
Sydney is the national benchmark for all scrap metal payouts. Dense buyer competition, the Port of Sydney for export, and short transport distances to major smelters keep rates the highest in Australia. Steel specifically benefits from this because non-ferrous metals export through Sydney in significant volumes.
How is steel graded at Sydney yards? +
Sydney yards use the same grading system as the rest of Australia: Heavy Melting Steel (HMS), Light Steel. The grade depends on cleanliness, alloy purity, and contamination. See our complete <a href="/metals/steel/">Steel grading guide</a> for what each grade means, examples, and how to identify it.
Do Sydney scrap yards require photo ID? +
Yes, for every sale. The dealer must record each transaction including the parties involved, and the Regulation prescribes the photo identification a seller can use: an Australian driver licence (NSW or another jurisdiction), a NSW Photo Card, or a foreign driver licence subject to conditions. No weight or value threshold is set out in the sources reviewed. (Scrap Metal Industry Act 2016 and Scrap Metal Industry Regulation 2024; last checked 2026-09-02.)
Can I be paid cash for scrap metal in Sydney? +
Cash is banned. Section 12 of the Act prohibits a dealer paying for scrap metal with cash, a cheque payable to cash, or in kind, and from advertising cash payment. All trade must be paid electronically or by cheque. The 2020 statutory review paper lists a $1,100 penalty notice for the dealer. (Last checked 2026-09-02.)
Is it worth driving from Sydney to a bigger city for higher steel rates? +
Sydney rates are already at or near the national best (1.00× regional adjustment). Driving to another city is unlikely to produce a meaningful upside for steel sales.