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Chromium and nickel-bearing alloys — 300 series, 400 series, and specialty stainless grades.
📅 Last Updated: July 2026
About Stainless Steel Melting Scrap
Stainless steel scrap is an actively traded ferrous category, with material value driven by the chromium, nickel, and molybdenum content of the alloys. The grades break naturally into two large families — the chromium-only 400 series, and the chromium-nickel 300 series, with 304 and 316 being the most common variants — and a number of more specialised alloys.
The trade moves through specialist yards equipped with X-ray fluorescence (XRF) analysers, which read the elemental composition of incoming material on the spot. This identification is important because the value of stainless scrap depends heavily on its nickel content, and the price difference between grades is meaningful.
Principal Grades
The principal grades of stainless steel melting scrap, as defined in the ReMA specifications:
304 Stainless (18-8)
The most common stainless grade — 18% chromium, 8% nickel. Used in kitchenware, food processing, and architectural applications.
316 Stainless (18-10-2)
18% chromium, 10% nickel, 2% molybdenum. Higher corrosion resistance than 304. Used in marine, chemical, and medical applications.
Stainless Solids (300 Series)
Mixed solids of the chromium-nickel grades.
Stainless Turnings (300 Series)
Machining turnings, with or without oil/coolant.
400 Series Stainless
Chromium-only stainless — typically 410, 430. Magnetic, used in automotive exhaust and decorative trim.
310 / 309 Stainless
Higher-chromium, higher-nickel heat-resistant grades.
17-4 PH Stainless
Precipitation-hardening stainless alloy.
Duplex Stainless (2205, 2507)
Mixed austenitic-ferritic stainless with high strength and corrosion resistance.
Companies Active in Stainless Steel — By Country
Companies grouped by country. Each handles stainless steel melting scrap among other categories.
🇮🇳 India (5)
ArcelorMittal Nippon Steel India
Hazira, Gujarat • JV integrated steel producer
🏷️ Steel · Stainless Steel
🤖 About Company🔍 ExploreJindal Stainless Ltd
Hisar, Haryana • Stainless steel producer, publicly listed
🏷️ Stainless Steel · Steel
🤖 About Company🔍 Explore→ View all India companies
🇺🇸 United States (3)
Sims Metal Management
New York • Diversified scrap multinational, ASX-listed
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 ExploreEMR USA Metal Recycling
Camden, NJ • EMR subsidiary
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 Explore→ View all United States companies
🇬🇧 United Kingdom (3)
European Metal Recycling (EMR)
Warrington • Diversified scrap, privately held
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 Explore→ View all United Kingdom companies
🇨🇳 China (2)
Baoshan Iron & Steel (Baosteel)
Shanghai • Largest Chinese steel producer
🏷️ Steel · Stainless Steel
🤖 About Company🔍 ExploreTsingshan Holding Group
Wenzhou, Zhejiang • Stainless steel and nickel giant
🏷️ Stainless Steel · Steel
🤖 About Company🔍 Explore→ View all China companies
🇩🇪 Germany (3)
→ View all Germany companies
🇯🇵 Japan (4)
→ View all Japan companies
🇰🇷 South Korea (3)
→ View all South Korea companies
🇮🇹 Italy (2)
→ View all Italy companies
📈 Stainless Steel — Exchanges & Trade Bodies
Where stainless steel and its scrap are priced, and the organisations that anchor the trade.
LME
London Metal Exchange — global base metals pricing
🔗 lme.comBIR — Bureau of International Recycling
The global federation of the recycling industry, Brussels
🔗 bir.orgReMA — Recycled Materials Association
Publisher of the scrap specifications (formerly ISRI), USA
🔗 recycledmaterials.org⚠️ Disclaimer
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