Nigeria is West Africa's largest scrap metal market, driven by significant construction activity, a growing steel sector, and large volumes of scrap from vehicle wrecks, electrical infrastructure, and industrial equipment.
Indicative global reference prices in USD. Local Nigeria prices vary with NGN/USD rates, freight, grade, and market conditions.
Scrap Metal Market in Nigeria
Nigeria's scrap market is fragmented but large, with significant volumes generated from vehicle end-of-life, electrical cables, and construction demolition. The formal steel sector (Ajaokuta, Delta Steel) and informal induction furnaces both consume domestic scrap. Nigeria also exports some non-ferrous scrap (copper, aluminium) to Asian buyers.
Most international scrap transactions from Nigeria are denominated in USD. Non-ferrous copper and aluminium scrap exports from Nigeria face regulatory scrutiny — export permits and documentation are required. Some copper theft-related material creates challenges for formal buyers.
View current price data for HMS Scrap, Copper Scrap, Aluminium Scrap, Steel Scrap and more on the MetalsPlace Price Guide.
Price Drivers
Selling Scrap Metal in Nigeria
For formal commercial scrap export from Nigeria, exporters need NXP (Form M equivalent) and relevant permits. MetalsPlace can connect Nigerian scrap dealers and traders with international buyers for formal, documented shipments.
Listings from Nigeria
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Frequently Asked Questions
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Prices are indicative global references in USD. Local prices in Nigeria vary based on NGN/USD, freight, grade, and market conditions. Not for use as contract prices.