Stainless Steel Scrap Price Trends

over the last 6 months

In the last 6 months in the Stainless Steel category: price is up for 1 grade, price is steady for 2 grades, and price is down for 1 grade.

How Have Prices Moved Over the Last 52 Weeks?
Over the past year, the category average ranged from $0.29 to $0.47.
Mar '25Jun '25Sep '25Dec '25Today
How Yard Prices Track the Exchange (LME)
Average discount to the exchange for this category: ~95.2% (-$7.31/lb). Based on 4 grades with exchange data. Normal range for this category: 90%–99%.
✓ All 4 grades are within normal market range

U.S. National Price Benchmark — Stainless Steel in Arizona

Local scrap yards in Arizona sometimes post their prices with a short delay. To keep you informed of what your metal is worth right now, we use U.S. national averages as a reference. The secondary metals market responds to exchange moves in sync across the country — use this national benchmark when negotiating with local buyers. Stainless Steel prices across the U.S. →

Current Stainless Steel Scrap Prices by Grade

Here is the Stainless Steel data we have on file for Arizona. Local yards don't always update their online prices daily — if your grade isn't listed, use the National Benchmark above as leverage when negotiating with local buyers.

+4.9% / 30 days
316 Stainless Steel U.S. national average
Avg. Price:$0.80 / Range: $0.70 – $0.90/lb
Trend (30d): +4.9%
View Details
300 Series Stainless Steel U.S. national average
Avg. Price:$0.52 / Range: $0.30 – $0.74/lb
Trend (6m): -7.5%
View Details
304 Stainless Steel U.S. national average
Avg. Price:$0.40 / Range: $0.30 – $0.50/lb
Trend (30d): +0.6%
View Details
Stainless Steel Turnings U.S. national average
Avg. Price:$0.18 / Range: $0.15 – $0.20/lb
Trend (30d): 0.0%
View Details

Top Scrap Yards Buying Stainless Steel in Arizona

Live prices from local scrap yards in Arizona. Compare offers and find the buyer paying the most.

Updated 2/17/2026

E-Z Money Recycling LLC

Phoenix, Arizona2 grades on price list
304 Unprepared Steel
$0.20 /lb|🠇 $0.10 (33%)
316 Stainless Steel
$0.60 /lb|🠅 $0.05 (9%)

Don’t see your scrap yard in Arizona? List it for free.

Hundreds of sellers in your area search for current scrap prices every day. Post your buy prices and start getting calls.

🚀 List your scrap yard ⟶

Calculate Your Stainless Steel Scrap Value

Selling a mixed load? Pick the grades below — a weight field appears after you select at least one grade, then the calculator estimates your haul’s value from current average prices in Arizona.

Select a metal above to calculate its value

Grade Value Breakdown: Nickel Content & Market Demand

The exchange price represents pure, refined metal (99.9%+). Each scrap grade contains varying levels of impurities, which require different amounts of processing. The higher the percentage, the more valuable the grade and the closer its payout is to the spot price.

GradeExchange (100%)Yard Price (per lb)Grade Quality
316 Stainless Steel $7.67 LME$0.80
High Grade10%
300 Series Stainless Steel $7.67 LME$0.52
Mid Grade7%
304 Stainless Steel $7.67 LME$0.40
Mid Grade5%
Stainless Steel Turnings $7.67 LME$0.18
Low Grade2%

📊 What Determines Stainless Grade Value:

  • Nickel & Moly Content: The higher the nickel and molybdenum (like in 316 vs 304), the bigger the payout at the scale.
  • Cleanliness: Iron attachments, heavy grease, or plastic immediately drop your material to a low-paying 'dirty' price.
  • Form and Density: Solid plates, pipes, and thick extrusions pay more than thin gauge sheet or fluffy turnings.
  • Market Spread: Local yard demand and the current 95.2 spread against the LME influence the final scale price.
💡 Pro tip: Always test your stainless with a strong neodymium magnet. If it snaps on hard, it's not a 300-series alloy and will be bought as regular shred or mild steel.

Stop Leaving Money on the Scale with Mixed Stainless

Listen up. Stainless steel isn't just one generic metal, and if you treat it like it is, the yard is going to rob you blind. Payouts in Arizona range widely from $0.15/lb to $0.90/lb, sitting at an average of $0.47/lb. If you just throw your sinks, industrial pipe, and machine shop shavings into one gaylord box, buyers will grade the entire load at the lowest possible tier. That laziness can easily cost you upwards of $0.62 on a decent haul. You have to know what you are hauling before you pull onto the scale.

The Scrapper's Sorting Guide to Stainless Alloys

Scrap yards classify stainless primarily by its nickel and molybdenum content. Here is how you need to separate your material before driving through the gates:

  • 304 Stainless Steel & 18/8 Stainless Steel: This is your bread and butter. You will find it in commercial kitchen prep tables, brewing equipment, and standard sinks. Expect buyers to offer around $0.30 to $0.50/lb.
  • 316 Stainless Steel: The holy grail of common stainless scrap. It has molybdenum added for extreme corrosion resistance. You'll pull this from marine environments, medical gear, and chemical plants. It commands a premium, usually $0.70 to $0.90/lb.
  • Stainless Steel Turnings: Machine shop shavings. They hold a lot of cutting fluid and take up unnecessary space, so yards pay less—typically $0.15 to $0.20/lb. Keep them far away from your solids.
  • 300 Series Stainless Steel: A catch-all category for clean, non-magnetic stainless when you can't verify the exact alloy with an XRF analyzer.
Yard Pro Tip: Carry an angle grinder in your truck along with your neodymium magnet. Some 300-series stainless (like 304) can become slightly magnetic after being cold-worked or bent, which might make a lazy scale guy try to downgrade it to cheap 400-series or shred. Hit it with the grinder: true 300-series stainless throws very few, short, dark red or orange sparks. Carbon steel throws a massive shower of bright white, branching sparks. Prove the alloy and demand the right price!

How Market Conditions Impact Your Payout Arizona

Local scrap yards aren't just pulling numbers out of thin air. They are tracking the LME daily, specifically watching nickel and chrome commodities. When the market dips or logistics get backed up, buyers widen their margins, often resulting in a 95.2 spread. Our data shows that yards will capitalize on uneducated peddlers who don't know the difference between 304 and 430. Knowing the live $0.47/lb average gives you the leverage to negotiate, especially if you're dropping off over 500 lbs of clean material.

Market Insights

How Are Stainless Steel Payouts Set?

Stainless steel pricing leans heavily on the global nickel market. Scrap yards base their rates on the LME nickel prices, factoring in a 95.2 margin for their processing, baling, and shipping costs. When you pull up to the scale, a buyer is looking at your load's average nickel content. Across the board, scrap buyers offer an average of $0.47/lb for mixed stainless, but separating your high-value 316 from your basic 304 can significantly bump your bottom line.

Maximize Your Stainless Profits

  • The Magnet Test: A scrapper's best friend. 300-series stainless should be non-magnetic. If the magnet grabs it, it goes in the steel pile.
  • Strip the Contaminants: Remove all steel screws, brackets, and rubber. Clean 18/8 Stainless Steel pays drastically better than dirty, mixed material.
  • Segregate Your Turnings: Keep your Stainless Steel Turnings separate from solid chunks. Yards heavily penalize mixed gaylord boxes.

Frequently Asked Questions

Is stainless steel magnetic?

High-value 300 series stainless steel (like 304 and 316) is generally non-magnetic. If a magnet sticks firmly to your piece, buyers will likely classify it as 400 series or magnetic stainless, which is priced much lower, usually right alongside regular light iron or shred.

What is the difference between 304 and 316 stainless scrap?

316 contains molybdenum, making it significantly more resistant to corrosion, especially against harsh chemicals and chlorides like seawater. Because of this expensive alloy makeup, yards pay a premium for 316 over 304. Always try to keep them separated if you know the source equipment.

Why do buyers penalize stainless steel turnings?

Turnings and borings from CNC machine shops are fluffy, difficult to transport, and often soaked in heavy cutting oils and coolants. Buyers have to process, crush, and clean this material before the mills will accept it, which is why Stainless Steel Turnings fetch a drastically lower rate than solid plates, pipes, or extrusions.