Stainless Steel Scrap Price



Stainless Steel Recycling

Stainless steel is fast emerging as one of the most popular recyclable materials in the world. Normally, consumers purchase stainless steel products as they are designed for the long term and built to last. However, there comes a time that even stainless steel reaches the end of its useful life.

At Super Metal Recycling, stainless steel is one of our most popular scrap metals. We always endeavor to give our customers the best possible scrap metal prices on the day as values can fluctuate literally by the hour!

stainless steel recycling

What do you need to know about recycling stainless steel ?

In theory, stainless steel is 100 percent recyclable. The primary alloying elements of stainless steel – chromium, nickel, and molybdenum – are all extremely valuable and can be recovered easily and retrieved from the other materials.

There are many reasons why you might want to recycle a stainless steel product. It might even be in reasonable condition but is fast-moving out of fashion; but in many cases it’s because technology has developed over time, replacing it with a more efficient model.

The amount of recycled stainless steel in any new stainless steel object is only going to increase in future years as the steel produced today won’t need to be recycled for another two to three decades, potentially.

Stainless steel offers many environmental and social benefits. It enables people to lead a healthier life and is cleaner for the wider environment too.

Did you know these facts about Stainless Steel?

The production of new stainless steel is made up of 25 percent old scrap – from end-of-life products – 35 percent new scrap – from material returned from production and manufacturing – and 40 percent raw materials – such as ferrochromium and ferronickel.

The long-term average growth rate of stainless steel is approximately five percent every year. In fact, even if all of the stainless steel produced was returned, the available material would only account for around 35 percent of today’s stainless steel production and 20 percent of today’s production if the average useful life was 20 years and 30 years respectively.

Subsequently, stainless steel remains part of a closed-loop system that’s sustainable and great for the wider environment as it can be re-used without any degradation.

Stainless Steel Scrap Price

The prices recycling centers pay for scrap will depend on the market price for stainless steel. A range of factors influences pricing, including the current economy, industrial demand, scrap condition, and the stainless steel alloy in question.

However, stainless steel scrap — even of lower-end alloys — is always in demand. So it’s often worth your time and effort to recycle any stainless steel scrap your business might produce.

Demand stays high because recycled stainless scrap comprises up to 60% of new stainless steel.

In fact, you can make “new stainless” from 100% recycled scrap. But there is rarely enough scrap to use because stainless steel is so durable.

stainless steel scrap price

Since stainless takes so long to reach the end of its useful life, it may take decades for scrap to find its way to a recycling center.

This means that whether you’re collecting scrap from manufacturing and fabrication, cleaning up a demolition site, or looking to dispose of old or outdated equipment, stainless steel is worth recycling — both from an ecological and financial standpoint.

Give Super Metal Recycling a call to secure the best prices for scrap stainless steel. We use the latest digital scales to weigh your metals with absolute accuracy; guaranteeing you the right price, so contact us today!

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