user-entered local rate
Enter the local price quoted for this exact grade and form. Changing the selection clears the previous rate.
Price 304 and 316 separately
304 is common nickel-bearing 18-8 stainless. 316 also contains molybdenum and is normally priced separately. Do not assume a nickel spot price or a fixed premium can convert one grade into the other; use the price quoted for the exact grade and form.
Turnings are not clean solids
Turnings can carry oil, moisture, and mixed alloy, while attachments can downgrade solid pieces. ReMA specifications treat form, composition, and contamination as acceptance conditions, which is why this calculator asks for the buyer's own price rather than inventing a national rate.
A magnet is only a screening clue
Some stainless grades are magnetic, while worked 300-series material can become slightly magnetic. Use markings or an alloy analyzer for valuable or uncertain lots and let the buyer confirm the accepted grade.
Frequently asked questions
How much is 304 stainless steel scrap worth?
Multiply the accepted weight by your local buyer's current 304 price per pound. Enter that quoted rate above because location, preparation, and buyer demand prevent one honest national price.
Is 316 stainless scrap worth more than 304?
Often, but not by a fixed percentage. 316 contains molybdenum and is priced separately, so compare current 304 and 316 quotes from the same buyer.
How can I identify stainless steel scrap?
Start with markings and keep known grades separate. A magnet is only a screening clue; professional alloy identification is more reliable for valuable or mixed material.
Should stainless turnings be priced like solid scrap?
No. Buyers classify turnings separately because oil, moisture, particle size, and mixed alloy affect processing and recovery.
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