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West Africa's largest market

Scrap Metal Prices in Nigeria

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.

8 metals tracked
Prices in USD (indicative)
Updated Apr 6, 2026

Top Metals in Nigeria

All prices

Full Price Table — Nigeria

MetalPrice (USD)
HMS Scrap368.99
Copper Scrap8,020.35
Aluminium Scrap1,676.12
Steel Scrap425.43
Brass Scrap4,943.75
Lead2,025.34
Zinc2,827.45
Tin28,266.38

Indicative global reference prices in USD. Local Nigeria prices vary with NGN/USD rates, freight, grade, and market conditions.

Market Overview

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

What Affects Scrap Prices in Nigeria

  • 1NGN/USD exchange rate (Nigeria's managed FX)
  • 2Export permit availability
  • 3Port logistics (Apapa, Tin Can)
  • 4Global demand for West African scrap
  • 5Security and theft risk (copper particularly)
Seller's Guide

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.

Live Marketplace

Listings from Nigeria

Current offers and requirements from MetalsPlace members

No listings from Nigeria yet

Be the first to post Hms, Copper, Aluminium offers from Nigeria. Reach buyers across Europe, Asia, and North America.

FAQ

Frequently Asked Questions