Grade 316 stainless steel is commonly used in food preparation equipment, boat fittings, water filtration screens and springs. To get the best 316 Stainless Steel Scrap Prices use the iScrap App to find scrap metal yards near you. Knowing what to prices expect for your 316 stainless steel is important when scrapping. To make sure that you have stainless steel and not just regular steel, use a magnet. If the magnet does not stick to your metal you most likely have stainless steel. Grade 316 stainless steel is also commonly used in welding materials because of its carbon content. Large loads of 316 stainless steel form construction jobs or tear outs can be picked up by your local scrap metal yard. You can request a pick up easily by using the container request form on the app. See more Scrapping Videos here.