Stainless Steel Scrap Price: Trends and Influencing Factors in 2024
Stainless steel scrap price: Trends and influencing factors in 2024
Stainless steel scrap is an important category of secondary raw materials whose price and market trends can have a significant impact on both the industrial sector and individual sellers. In May 2024, the price of nickel on metal exchanges reached more than 21,550 USD/t. However, this wave of price increases was short-lived, and the price of nickel soon returned to its previous level. Since the price of stainless steel scrap is directly related to the price of nickel, the prices of this scrap have remained relatively stable.
| # | Buyer | Purchase price | Comments | City |
|---|---|---|---|---|
| 1 |
 |
0.849
€
/lb
|
316 Solids | London ON |
| 2 |
|
0.781
€
/lb
|
Stainless Steel 316 | Brampton |
| 3 |
|
0.719
€
/lb
|
316 stainless steel | Mississauga |
| 4 |
|
0.514
€
/lb
|
Stl 316 | Saint-Eustache |
| 5 |
|
0.514
€
/lb
|
316 Turnings | London ON |
| 6 |
|
0.466
€
/lb
|
304 Solids | London ON |
| 7 |
|
0.411
€
/lb
|
STAINLESS STEEL - 304 | Mississauga |
| 8 |
|
0.39
€
/lb
|
304 stainless steel | Mississauga |
| 9 |
|
0.377
€
/lb
|
Stainless Steel 304 | Brampton |
| 10 |
|
0.377
€
/lb
|
300 Series Stainless Steel | London ON |
| 11 |
|
0.363
€
/lb
|
304 Turnings | London ON |
| 12 |
|
0.322
€
/lb
|
STAINLESS | Winnipeg MB |
| 13 |
|
0.308
€
/lb
|
Stainless Steel (S.S 304) | Lachine |
| 14 |
|
0.308
€
/lb
|
Acier inoxidable | Saint-Esprit, Quebec |
| 15 |
|
0.274
€
/lb
|
Stl 304 | Saint-Eustache |
| 16 |
|
0.274
€
/lb
|
Clean Stainless Steel | Saskatoon |
| 17 |
|
0.171
€
/lb
|
Dirty Stainless Steel | Saskatoon |
| 18 |
|
0.137
€
/lb
|
400 Series Stainless Steel | London ON |
| 19 |
|
0.062
€
/lb
|
Stainless steel turning | Saint-Eustache |
| 20 |
|
0.055
€
/lb
|
Stl Iron | Saint-Eustache |
| 21 |
|
|
Stainless Steel | Bridgewater, Nova Scotia |
| 22 |
|
|
Acier inoxydable | Saint-Hubert, Quebec |
| 23 |
|
|
Stainless Steel | Montréal |
| 24 |
|
|
Stainless turnings | Montréal |
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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.