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 |
 |
9.797
kr
/lb
|
Texas, Houston |
| 2 |
|
7.513
kr
/lb
|
Utah, Salt Lake City |
| 3 |
|
7.293
kr
/lb
|
Pennsauken Township, New Jersey |
| 4 |
|
7.074
kr
/lb
|
New York, Binghamton |
| 5 |
|
6.532
kr
/lb
|
California, Los Angeles |
| 6 |
|
6.532
kr
/lb
|
Gilberts, Illinois |
| 7 |
|
5.989
kr
/lb
|
Florida, Jacksonville |
| 8 |
|
5.989
kr
/lb
|
New Jersey, Middlesex |
| 9 |
|
5.989
kr
/lb
|
Texas, Houston |
| 10 |
|
5.447
kr
/lb
|
Wisconsin, Fond du Lac |
| 11 |
|
4.905
kr
/lb
|
Texas, Houston |
| 12 |
|
4.905
kr
/lb
|
Florida, Miami |
| 13 |
|
4.351
kr
/lb
|
Maryland, Frederick |
| 14 |
|
4.351
kr
/lb
|
Minnesota, Inver Grove Heights |
| 15 |
|
4.351
kr
/lb
|
Chase, Michigan |
| 16 |
|
3.924
kr
/lb
|
Pennsauken Township, New Jersey |
| 17 |
|
3.808
kr
/lb
|
New York, Binghamton |
| 18 |
|
3.808
kr
/lb
|
Wisconsin, Eau Claire |
| 19 |
|
3.808
kr
/lb
|
New Jersey, Middlesex |
| 20 |
|
3.808
kr
/lb
|
Massachusetts, Middleborough |
| 21 |
|
3.808
kr
/lb
|
Illinois, Chicago Heights |
| 22 |
|
3.808
kr
/lb
|
Wisconsin, Eau Claire |
| 23 |
|
3.808
kr
/lb
|
Michigan, Detroit |
| 24 |
|
3.704
kr
/lb
|
Stoystown, Pennsylvania |
| 25 |
|
3.485
kr
/lb
|
Utah, Salt Lake City |
| 26 |
|
3.485
kr
/lb
|
New York, Buffalo |
| 27 |
|
3.266
kr
/lb
|
Maryland, Frederick |
| 28 |
|
3.266
kr
/lb
|
Maryland, Frederick |
| 29 |
|
3.266
kr
/lb
|
Florida, Jacksonville |
| 30 |
|
3.266
kr
/lb
|
Indiana, Evansville |
| 31 |
|
3.266
kr
/lb
|
Texas, Houston |
| 32 |
|
3.266
kr
/lb
|
Kansas, Topeka |
| 33 |
|
3.266
kr
/lb
|
Indiana, Bloomington |
| 34 |
|
2.943
kr
/lb
|
New York, Buffalo |
| 35 |
|
2.827
kr
/lb
|
Kansas, Independence |
| 36 |
|
2.181
kr
/lb
|
Minnesota, Inver Grove Heights |
| 37 |
|
2.181
kr
/lb
|
Florida, Miami |
| 38 |
|
1.304
kr
/lb
|
Utah, Salt Lake City |
| 39 |
|
1.304
kr
/lb
|
Texas, Houston |
| 40 |
|
1.085
kr
/lb
|
Pennsauken Township, New Jersey |
Currency converter
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.