Regardless of whether you have material from a residential job or a larger scale construction remodel, scrap steel prices fluctuate on a regular basis. Prices of scrap steel vary based upon the economy so check with your local scrap yard for current Stainless Steel Scrap Prices. Its best to call ahead to find out the market rate for each type of steel. Scrap Steel includes 300 series stainless steel, 304 stainless steel, 316 stainless steel and 400 stainless steel.
Any easy way to see if you have stainless steel is to do a magnet test. If the magnet does not stick and you have a shiny silver color metal it is probably stainless steel or aluminum. Aluminum will have more of a dull texture to it. Different types of steel have different pricing. The stainless steel must be analyzed and have no attachments in order to get paid the highest value. Contact one of our iScrap App partners today. See more Scrapping Videos here.
There are dozens, if not hundreds, of types of stainless steel. Many new production stainless pieces will have the grade of them listed on the actual material….but many pieces do not. Guessing what type of stainless steel that you have is not easy, but one sure fire way to figure out what you have is by asking your local scrap yard if they can use an analyzer (if that have one) to let you know what type of material that you have.