Hey, iScrappers! Last week, we discussed cast aluminum and touched on two other metals; today, we will review another odd metal: magnetic stainless steel. Now, many of you are going to ask, hey, what’s magnetic stainless steel? Don’t you mean steel?
There is magnetic stainless steel, and one of the common grades is 410 Stainless Steel. This alloy is made to resist heat and, more importantly, rust. While there is a lot of iron inside non-magnetic stainless steel, another alloy, nickel, makes it much more resistant to the elements, including rust.
When you have one or two stainless grills or other stainless pieces that have the magnet stuck hard onto them, we generally will tell you to put them into your light iron pile…but when you find a lot of them, we recommend placing them aside and asking your scrap yard if they buy magnetic stainless differently, often they will.
Pricing for Magnetic Stainless Steel
This will depend on the size of your scrap yard and how much steel they typically buy. If your yard doesn’t deal with much ferrous metals or stainless steel, they likely won’t bid too aggressively on any type of steel, magnetic or otherwise. Please expect to receive Shred prices as it won’t be much more than a Light Iron price, but every bit helps.
Happy trails iScrappers!
