Top Scrap Metal Buyers in Lagos (2026): Where to Sell and How to Get the Best Price

If you're searching for scrap metal buyers in Lagos, you have three real options: sell to a roadside aggregator, haul your material to the Owode-Onirin scrap market yourself, or sell directly to a licensed recycling company that comes to you. This guide explains how each option works, what prices to expect in 2026, and how to avoid the two mistakes that cost Lagos sellers the most money, inaccurate weighing and selling unsorted metal.

At V-Martins Recycling Limited (VMRC), we buy scrap metal across Lagos every week, from single decommissioned generators to full factory clear-outs running into hundreds of tonnes. Based at Owode-Onirin, Nigeria's largest scrap metal market, we deal in ferrous scrap (HMS, cast iron, steel structures), non-ferrous metals (aluminium, copper, brass), and complete industrial asset disposal. What follows is what we tell our suppliers.

Who Buys Scrap Metal in Lagos?

1. Roadside aggregators ("mallams" and cart pushers). Convenient for small household volumes, but they buy at the deepest discount because they resell up the chain. Expect 30–50% below market rates.

2. Owode-Onirin market dealers. The Owode-Onirin market along Ikorodu Road is the hub of Nigeria's scrap trade. Prices here are competitive, but you bear transport expenses and need to know current rates before you negotiate. Keep in mind that quotes vary widely between yards on the same day.

3. Licensed recycling companies like VMRC. For factory owners, demolition contractors, marine operators, and businesses disposing of machinery, selling direct to a recycler removes the middleman entirely. VMRC provides free on-site assessment, certified weighbridge measurement, evacuation logistics, and immediate payment, plus formal disposal certificates for companies that need documented, compliant asset disposal for audit or ESG purposes.

Current Scrap Metal Prices in Lagos

Scrap prices in Lagos move with international benchmarks, aluminium tracks the London Metal Exchange (LME), and copper follows global demand. We publish updated Lagos market rates for HMS steel, cast iron, aluminium, copper, and brass on our live pricing page:

👉 Check today's scrap metal prices in Lagos →

A few pricing realities every seller should know:

• Non-ferrous pays multiples of ferrous. Copper and brass command far higher per-kilo rates than steel. Never let mixed loads be weighed and priced as one lot.

• Aluminium has export-backed demand. VMRC exports pre-processed aluminium to international buyers, which means our aluminium buying prices reflect global demand, not just local yard rates.

• Clean metal earns more. Copper wire stripped of insulation, aluminium free of steel bolts, and motors separated from housings all price higher.

  
  

How to Get the Best Price for Your Scrap in Lagos

Sort before you sell. Separate ferrous (magnetic) from non-ferrous (non-magnetic) metals. A magnet is the cheapest valuation tool you'll ever own.

Insist on a weighbridge or calibrated scale. Under-weighing is the most common way Lagos sellers lose money. VMRC weighs all volume purchases on certified scales, with the seller present.

Get quotes against a published benchmark. Check our live price page before negotiating with any buyer, including us. An informed seller gets a fair deal.

For machinery, ask about resale value first. Not everything should be scrapped. Some industrial machines like presses, generators, transformers, and CNC equipment are worth several times their scrap weight to the used-equipment market. VMRC assesses both values and tells you honestly which is higher. Occasionally we advise clients not to scrap.

Demand documentation. For corporate disposals, insist on a waybill, receipt, and disposal certificate. This protects you legally and satisfies auditors.

What VMRC Buys

• Ferrous scrap: HMS 1 & 2, cast iron, structural steel, rebar, ship and marine scrap, rail material

• Non-ferrous: aluminium (all grades like extrusion, cast, UBC, wheels), copper (millberry, cable, motors), brass

• Industrial assets: decommissioned production lines, generators, boilers, kilns, printing presses, HVAC plant, vehicle, and forklift fleets

• End-of-life vehicles and equipment: trucks, buses, trailers, refrigeration units

We handle dismantling, cutting, loading, and evacuation with our team and equipment, including complex jobs like escalator removals, factory decommissioning, and multi-day plant clear-outs.

Frequently Asked Questions

Who buys scrap metal in Lagos for cash? V-Martins Recycling Limited at Owode-Onirin buys scrap metal across Lagos with immediate payment on weighing. We buy from individuals, mechanics, contractors, and factories, and offer free evacuation for volume lots.

Where is the biggest scrap metal market in Lagos? Owode-Onirin, along Ikorodu Road in Kosofe LGA, is the largest scrap metal market in Nigeria, hosting hundreds of dealers in ferrous and non-ferrous metals.

How much is scrap metal per kg in Lagos? Prices change daily with global markets. See our regularly updated Lagos scrap metal price list for current per-kg rates on steel, aluminium, copper, and brass.

Do scrap buyers in Lagos offer pickup? Yes. VMRC provides free assessment and evacuation for industrial and volume sellers anywhere in Lagos and neighbouring states, including cutting and dismantling of large structures.

Can I get a disposal certificate when selling company assets? Yes. VMRC issues formal disposal certificates for corporate clients, documenting the responsible recycling of decommissioned equipment for audit and compliance purposes.

Sell Your Scrap Metal to VMRC Today

Whether you have one tonne or one thousand, VMRC offers transparent weighing, market-benchmarked pricing, and same-day payment.

📞 Call or WhatsApp us for a free quote 🏭 Request a site visit for machinery and factory clear-outs 📊 Check today's prices →

V-Martins Recycling Limited, Owode-Onirin, Lagos. Scrap metal recycling, industrial asset disposal, and processed aluminium export.