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Scrap Metal Prices
in Nigeria, 2026
Current buying rates for Lagos, Nigeria. Prices reflect live market conditions and are known to fluctuate regularly. Call us for a real-time quote on your specific scrap.
Scrap Metals
Metal Type | Grade | Price Range | Category | Description |
|---|---|---|---|---|
Iron / Steel Scrap | Ferrous metals | ₦500 – ₦600 | Ferrous | All iron and steel scrap, including offcuts, plates, beams, rods, and demolition steel. Low per-kg price but high volume. |
Copper | Bare bright / clean wire | ₦10,000 – ₦13,000 | Non-Ferrous | The most valuable Nigerian scrap. Bright copper wire is clean and uncoated. Sell without insulation for maximum value. |
Copper | Insulated wire | ₦2,500 – ₦3,000 | Non-Ferrous | Plastic or rubber-insulated copper wire. Due to insulation weight, lower value than bare bright. All cables are accepted. |
Brass | All grades | ₦7,000 – ₦7,500 | Non-Ferrous | Second-most valuable non-ferrous. Includes brass taps, rods, shell casings, and sheet brass. Accepting all grades and terms. |
Aluminium | Thick / vehicle grade | ₦2,000 – ₦3,000 | Non-Ferrous | Strong aluminum from car wheels, engine parts, thick extrusions, and structural sections. More valuable than roofing aluminum. |
Aluminium | Light / roofing sheets | ₦2,000 – ₦2,500 | Non-Ferrous | Lightweight roofing, cladding, and packaging aluminum sheets. Broken sheets are accepted. |
Stainless Steel | All grades | ₦800 – ₦1,000 | Ferrous | Accepted stainless steel grades include 304 and 316. Contains kitchen, industrial, pipe, and structural parts. |
Lead | All grades | ₦1,500 – ₦2,500 | Non-Ferrous | Waste lead: batteries, pipes, sheet lead, roofing lead. All lead is collected and recycled safely. |
Scrap Vehicles & Equipment
Type | Specification | Price Range | Description |
|---|---|---|---|
Scrap Car (Saloon) | Any make or model | ₦400,000 – ₦1,500,000+ | We buy all saloon and sedans, regardless of make, model, age, or condition. No-run or running cars accepted. The price depends on weight, model, and metal content. |
Scrap Bus / Truck | Mini-bus to heavy truck | ₦500,000 – ₦5,000,000+ | We accept minibuses, midibuses, articulated lorries, and heavy haulage vehicles. Larger vehicles cost more due to metal content. Fleet assessment on-site. |
Small Generator | 2.5 – 5 KVA | ₦30,000 – ₦80,000 | Light commercial and residential generators. Tiger, Elepaq, Mikano, Sumec Firman, and others. Working or not, accepted. |
Medium Generator | 6 – 20 KVA | ₦80,000 – ₦650,000 | Medium-capacity commercial/small industrial generators. All brands, including Perkins, Lister, and Cummins. Prices vary greatly by brand, weight, and condition. |
Industrial Generator | Above 20 KVA | Assessed on-site | Site-specific evaluation of large industrial and commercial generators. Based on brand, engine type, weight, copper content, and market rates, our team sets price. Includes free site visit. |
Air Conditioner Unit | Split or window AC | ₦40,000 – ₦80,000 | Window, cassette, and split ACs are accepted. Any brand, age, working or not. Price depends on horsepower, compressor, and copper content. |
⚠️ Scrap metal prices in Nigeria fluctuate daily with global commodity markets and the naira exchange rate. The prices above reflect current market conditions in Lagos as of April 2026. Always contact V-Martins at 07030271207 for a live quote. Our team will assess your specific items and guarantee the best available rate.
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