The price of stainless steel scrap is going down
As the price of nickel decreases in metal exchanges, the purchase prices of stainless steel scrap also decrease. From the beginning of 2023 to the end of June, the price of nickel fell by almost 40%. In the first days of 2023, the nickel price was $31.2/kg, on June 28, the nickel price was only $19.85/kg. Since the price of stainless steel scrap largely depends on the price of nickel, the purchase price of stainless steel scrap decreased accordingly. According to the website scraprice.com, the highest price of stainless steel scrap in the last days of June 2023 was in Turkey and reached almost €2/kg. The price of stainless steel scrap was also high in other countries: Denmark, Germany and the United Kingdom.
| # | Buyer | Purchase price | City |
|---|---|---|---|
| 1 |
 |
4.177
lei
/lb
|
Texas, Houston |
| 2 |
|
3.341
lei
/lb
|
Pennsauken Township, New Jersey |
| 3 |
|
3.109
lei
/lb
|
Utah, Salt Lake City |
| 4 |
|
3.016
lei
/lb
|
New York, Binghamton |
| 5 |
|
2.785
lei
/lb
|
Gilberts, Illinois |
| 6 |
|
2.785
lei
/lb
|
California, Los Angeles |
| 7 |
|
2.553
lei
/lb
|
Texas, Houston |
| 8 |
|
2.553
lei
/lb
|
Florida, Jacksonville |
| 9 |
|
2.553
lei
/lb
|
New Jersey, Middlesex |
| 10 |
|
2.322
lei
/lb
|
Wisconsin, Fond du Lac |
| 11 |
|
2.091
lei
/lb
|
Texas, Houston |
| 12 |
|
2.091
lei
/lb
|
Florida, Miami |
| 13 |
|
1.855
lei
/lb
|
Chase, Michigan |
| 14 |
|
1.855
lei
/lb
|
Maryland, Frederick |
| 15 |
|
1.855
lei
/lb
|
Minnesota, Inver Grove Heights |
| 16 |
|
1.624
lei
/lb
|
Michigan, Detroit |
| 17 |
|
1.624
lei
/lb
|
New York, Binghamton |
| 18 |
|
1.624
lei
/lb
|
New Jersey, Middlesex |
| 19 |
|
1.624
lei
/lb
|
Massachusetts, Middleborough |
| 20 |
|
1.579
lei
/lb
|
Stoystown, Pennsylvania |
| 21 |
|
1.53
lei
/lb
|
Pennsauken Township, New Jersey |
| 22 |
|
1.486
lei
/lb
|
New York, Buffalo |
| 23 |
|
1.392
lei
/lb
|
Indiana, Bloomington |
| 24 |
|
1.392
lei
/lb
|
Maryland, Frederick |
| 25 |
|
1.392
lei
/lb
|
Maryland, Frederick |
| 26 |
|
1.392
lei
/lb
|
Florida, Jacksonville |
| 27 |
|
1.392
lei
/lb
|
Utah, Salt Lake City |
| 28 |
|
1.392
lei
/lb
|
Indiana, Evansville |
| 29 |
|
1.392
lei
/lb
|
Texas, Houston |
| 30 |
|
1.392
lei
/lb
|
Kansas, Topeka |
| 31 |
|
1.392
lei
/lb
|
Illinois, Chicago Heights |
| 32 |
|
1.299
lei
/lb
|
Kansas, Independence |
| 33 |
|
1.255
lei
/lb
|
New York, Buffalo |
| 34 |
|
1.161
lei
/lb
|
Wisconsin, Eau Claire |
| 35 |
|
1.161
lei
/lb
|
Wisconsin, Eau Claire |
| 36 |
|
0.93
lei
/lb
|
Minnesota, Inver Grove Heights |
| 37 |
|
0.93
lei
/lb
|
Florida, Miami |
| 38 |
|
0.556
lei
/lb
|
Texas, Houston |
| 39 |
|
0.556
lei
/lb
|
Utah, Salt Lake City |
| 40 |
|
0.462
lei
/lb
|
Pennsauken Township, New Jersey |
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STAINLESS STEEL SCRAP PURCHASING - is financially beneficial. There are plenty of metal buyers in every major city where you can easily sell stainless steel scrap or any other unnecessary items which contain stainless steel. The purchase prices depend on the buyer’s pricing policy, type or quantity and it is also influenced by global metal exchanges. Depending on the supply and demand of nickel, the price of nickel fluctuates, and so are the prices of stainless steel. In the event of changes in stock exchanges, recyclers of this metal react accordingly by adjusting the purchase prices of stainless steel to the buyers.