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Stainless Steel Scrap

What are the main grades of stainless steel scrap?

Short answer: The most common grades are the 300 series, mainly 304 and 316, which contain nickel and are generally non-magnetic and more valuable, and the 400 series, such as 430, which contain little or no nickel, are magnetic and are worth less, and buyers price them separately, so knowing which series you have is the key to getting the right price.

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The 300 series

Contains nickel, resists corrosion well and is the most valuable stainless scrap.

The 400 series

Low in nickel and magnetic, so it is priced below the 300 series.

Priced separately

Buyers keep these grades apart, so mixing them lowers the price of the lot.

How ScrapTrade Fits In

ScrapTrade buyers quote on 300 series and 400 series stainless separately.

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