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Stainless Steel Scrap Price In Melbourne, Australia
Got stainless steel scrap lying around? Whether it’s left over from a renovation, old kitchen equipment, or industrial offcuts, turning it into cash has never been easier in Melbourne.
At Auto Metal Scrap Pty (Ltd), we are committed to offering competitive rates for your stainless steel scrap, ensuring a smooth and rewarding recycling experience. Contact our team today to get the best stainless steel recycling prices for your metal waste.
Stainless Steel Scrap Price Per Kg
How Stainless Steel Grades Impact Scrap Value
The stainless steel scrap price for commonly used grades usually ranges between $1.01 per kg and $1.68 per kg. Prices can change frequently due to various international and local market factors, so it’s always best to rely on experienced professionals to get the best stainless steel recycling rate.
Stainless steel is an iron-based alloy made by combining different metals. Over time, these combinations have resulted in more than 3,000 variations of stainless steel. Based on metal composition, stainless steel is generally classified into the following types:
Austenitic (200 Series):
Also known as the 200 series, this type is made from iron, chromium, nickel, and manganese alloys.
Austenitic (300 Series):
Commonly referred to as the 300 series, this type is non-magnetic and mainly composed of iron, chromium, and nickel. It is the most widely used stainless steel and is commonly found in grades 304 and 316. These grades are used in household appliances, cooking equipment, tubes, bars, rails, sheets, and plates.
Grade 304 contains iron, chromium, and nickel, while grade 316 includes molybdenum, which gives it higher corrosion resistance and a higher scrap value.
Ferritic:
This type retains iron’s magnetic properties and contains high levels of chromium and carbon. It is known for being corrosion-resistant and flexible, making it suitable for automotive parts, kitchen items, and industrial equipment.
Martensitic:
Martensitic stainless steel is the least common type. It has lower corrosion resistance and often requires protective coatings. However, it is valued for its hardness and high tensile strength.
If your stainless steel scrap is not clearly labelled with its grade or quality, it can be difficult to accurately identify the alloy type and determine the correct recycling price.