Stainless steel, which is sometimes referred to as inox steel, is a steel alloy that consists mainly of iron, nickel and chrome. Stainless steel scrap comes mainly from the food industry and the petrochemical industry, as well as from metalworking companies. Depending on the alloy, stainless steel is classified as type 304 stainless steel, type 316 stainless steel, duplex stainless steel or high-nickel alloy. Stainless steel scrap can come in large pieces or in the form of swarf.
The price paid for stainless steel scrap depends on the exact alloy, the nickel price quoted on the London Metal Exchange (LME) and current market conditions.
Stainless steel scrap: (ISRI scpecifications)
- 304 – 316 (solids and turnings)
- Duplex Grades
- Chrome Scrap
- High Nickel Scrap
- Low Nickel Scrap
- High Speel Steel