MetalsStainless Steel

Stainless Steel Scrap Prices

Stainless steel pays significantly more than regular steel. Knowing how to spot it — and separate it from look-alikes — gets you the right price.

National Average
$1.20/kg$0.54/lb/lb
Density

8.00 g/cm³

LME Code

LME Ni (alloy)

Common Form

Sheet, pipe, fittings, sinks

Stainless Steel Grades & Prices

Per kilogram, CAD

No specific grades listed.

Click any grade name to see identification tips and what lowers the value.

About Stainless Steel

Stainless steel is an iron-chromium alloy that resists corrosion. Kitchen appliances, sinks, surgical equipment, and cookware are common sources.

Primary use: Kitchen equipment, medical, industrial

Common Sources of Stainless Steel

Stainless steel is found in kitchen sinks, commercial catering equipment, surgical instruments, cookware, exhaust systems, brewery equipment, and food processing machinery.

How to Get More for Your Stainless Steel

Use a magnet: stainless is weakly magnetic or non-magnetic, unlike regular steel. Keeping stainless separate from regular steel or iron is essential to getting the stainless price.

Stainless Steel Prices by City

Prices vary between cities based on local supply, demand, and yard overhead. Click a city to see local rates and available yards.

Frequently Asked Questions

How do I know if my metal is stainless steel?

Stainless steel is usually shiny, does not rust, and is weakly magnetic or non-magnetic. A simple magnet test helps separate it from regular steel.

What are the grades of stainless steel?

The most common scrap grades are 304 (austenitic, non-magnetic) and 316 (higher nickel content, used in marine and chemical applications). 316 typically fetches a premium.

Quick Facts

Density
8.00 g/cm³
Market Code
LME Ni (alloy)
Common Forms
Sheet, pipe, fittings, sinks
Primary Use
Kitchen equipment, medical, industrial