The Grade 1 Old Steel (#1 5 ft) Scrap prices listed below are the average prices paid by scrap yards in the U.S.A. and Canada. Prices are gathered directly from scrap yards and are updated every week. The average price paid by all scrap yards is indicated in the "Price" column of the city-wise price list. The "High Price" indicates the highest price paid for the material. The "Low Price" indicates the lowest price paid for the material.