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 |
 |
6.317
kr
/lb
|
Texas, Houston |
| 2 |
|
5.052
kr
/lb
|
Pennsauken Township, New Jersey |
| 3 |
|
4.702
kr
/lb
|
Utah, Salt Lake City |
| 4 |
|
4.561
kr
/lb
|
New York, Binghamton |
| 5 |
|
4.211
kr
/lb
|
Gilberts, Illinois |
| 6 |
|
4.211
kr
/lb
|
California, Los Angeles |
| 7 |
|
3.861
kr
/lb
|
Texas, Houston |
| 8 |
|
3.861
kr
/lb
|
Florida, Jacksonville |
| 9 |
|
3.861
kr
/lb
|
New Jersey, Middlesex |
| 10 |
|
3.512
kr
/lb
|
Wisconsin, Fond du Lac |
| 11 |
|
3.162
kr
/lb
|
Texas, Houston |
| 12 |
|
3.162
kr
/lb
|
Florida, Miami |
| 13 |
|
2.805
kr
/lb
|
Chase, Michigan |
| 14 |
|
2.805
kr
/lb
|
Maryland, Frederick |
| 15 |
|
2.805
kr
/lb
|
Minnesota, Inver Grove Heights |
| 16 |
|
2.455
kr
/lb
|
Wisconsin, Eau Claire |
| 17 |
|
2.455
kr
/lb
|
Michigan, Detroit |
| 18 |
|
2.455
kr
/lb
|
New York, Binghamton |
| 19 |
|
2.455
kr
/lb
|
New Jersey, Middlesex |
| 20 |
|
2.455
kr
/lb
|
Massachusetts, Middleborough |
| 21 |
|
2.388
kr
/lb
|
Stoystown, Pennsylvania |
| 22 |
|
2.314
kr
/lb
|
Pennsauken Township, New Jersey |
| 23 |
|
2.247
kr
/lb
|
New York, Buffalo |
| 24 |
|
2.106
kr
/lb
|
Indiana, Bloomington |
| 25 |
|
2.106
kr
/lb
|
Maryland, Frederick |
| 26 |
|
2.106
kr
/lb
|
Maryland, Frederick |
| 27 |
|
2.106
kr
/lb
|
Florida, Jacksonville |
| 28 |
|
2.106
kr
/lb
|
Utah, Salt Lake City |
| 29 |
|
2.106
kr
/lb
|
Indiana, Evansville |
| 30 |
|
2.106
kr
/lb
|
Texas, Houston |
| 31 |
|
2.106
kr
/lb
|
Kansas, Topeka |
| 32 |
|
2.106
kr
/lb
|
Illinois, Chicago Heights |
| 33 |
|
1.897
kr
/lb
|
New York, Buffalo |
| 34 |
|
1.823
kr
/lb
|
Kansas, Independence |
| 35 |
|
1.756
kr
/lb
|
Wisconsin, Eau Claire |
| 36 |
|
1.406
kr
/lb
|
Minnesota, Inver Grove Heights |
| 37 |
|
1.406
kr
/lb
|
Florida, Miami |
| 38 |
|
0.841
kr
/lb
|
Texas, Houston |
| 39 |
|
0.841
kr
/lb
|
Utah, Salt Lake City |
| 40 |
|
0.699
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.