Dried fruit (walnuts, peanuts, raisins, dried apricots, prunes, almonds, apricots, pistachios, dried apricots), beans, fruits (apples, pears, pomegranates, kurma)
Cutter, syringe, strips, needles, thermometer, cannula, glucometer, harmonic focus shears, ace circulation, adhesive mini wrap, blades, blood collection tube, blood pressure monitor, nutella, redbull, red bull, onion, dried apricot, coca cola, bioderma, sensibio, avene
Agricultural products, machinery and live stock, jacket, solar panels, jeckski, fishing boat, outboards, redbull, heineken, sensodyne tooth paste, baby diapers, ferrero rocher chocolates, rani juice, bitter collar, live goat, live cow, pregnant milking cow, calcium hypochlorite, automatic pool cover, hth 70, bitumen 60, 70, precious stones, sapphire, gem stones, cow gallstones, ox gallstones, pet supplies, dog food, live aquarium fish, coating paint powder
Stainless steel scrap is a cluster of discarded stainless steel materials that are used for recycling. It is a valuable resource for many industries, including construction, medical, and automotive. Besides, it is also useful in several renewable energy projects. Though it is melted and refined to create new stainless steel products, it retains all the properties of this metal. As industries shift towards the use of more sustainable materials, scrap metal, and recycling have become really important in the metal supply chain. The cost-effectiveness and recyclability of these stainless steel scrap metals make them popular as trade commodities. Let's move forward and discuss why these scraps are a profitable business choice for manufacturers, exporters, and traders.
Sustainability has become a key goal of almost every industry today. In this scenario, the role of recycled materials such as stainless steel scrap, has become more critical than ever. It significantly reduces the need for raw materials, thus cutting down the production cost. The stainless steel scrap market ensures a steady supply of materials to industries like manufacturing. It is collected from end-of-life products, industrial by-products, as well as manufacturing waste. After being collected from these sources, they are recycled and reintroduced into the supply chain. There are several economic and environmental benefits of these scrap metals which increase their demand in the market. Let's explore some of these benefits.
Environmental Advantages:
Minimum Waste:
Economic Benefits:
These are the key drivers for the growing market demand for scrap metals. Consequently, they motivate stainless steel scrap importers and buyers to actively look for it to meet this demand. Apart from these, there are many industries that rely on stainless steel scrap for their production process. The major ones include manufacturing, automotive, aerospace, food, medical, construction, and infrastructure. From sterilized surgical tools and food-grade containers to engine parts, aircraft components, and pipes, stainless steel scrap has a vast range of applications.
Stainless steel scrap can be divided based on various factors. For example, based on composition and industry use, it is categorized into five common types. These varieties comprise austenitic stainless steel scrap, ferritic stainless steel scrap, martensitic stainless steel scrap, duplex stainless steel scrap, and lastly, precipitation-hardening stainless steel scrap. All these types have different industrial applications. However, we can also classify them into different grades based on their chemical composition. It’s important to know the commonly recycled grades that are most sought after by stainless steel scrap buyers.
Though you will find the maximum number of stainless steel scrap 304 316 buyers, there is also demand for other grades such as 430 and 201 stainless steel scrap. Now that you're familiar with the most popular grades of stainless steel scrap, it's also beneficial to know the specific product forms buyers often look for within these categories. These include:
Both stainless steel and stainless steel scraps are important trade commodities. However, in addition to these, there are other scrap categories that you can explore to diversify your offerings and capture more markets. Here are the categories that buyers commonly inquire about for various applications.
We cannot underestimate the stainless steel scrap value amid rising environmental challenges. It's a valuable resource that is reused to make new products. The positive impact of stainless steel scrap on the environment and economy makes it widely popular. In fact, advanced technologies enhance metallurgical processes, leading to the production of high-quality steel scrap. Talking about the market size of steel scrap, it was valued at 543.2 million metric tons in 2024. It is further expected to grow at a CAGR of 5.0% from 2024 to 2030, reaching 727.1 million metric tons. The stainless steel scrap price per kg may vary based on location, market conditions, and grade type, but it generally ranges between $0.70 and $2.20 per kg. It is important to note that the pricing is also affected by the global metal prices., especially those of nickel, iron, and chromium. Here are the other key market indicators to keep in mind when supplying this commodity.
Top 3 Stainless Steel Scrap Importing Countries
Other Key Market Indicators
Source: Volza
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The following ways can help you find and connect with stainless steel scrap importers and buyers.
You can follow the above ways, but the most reliable and faster way to reach out to stainless steel scrap buyers is through online B2B marketplaces like go4WorldBusiness. Go to the platform and sign up! Or, you can click here for direct access.
1. Where to sell scrap stainless steel?
You can sell scrap stainless steel to local scrap yards, recycling companies, or on B2B platforms like go4WorldBusiness, where you can list your product and get a list of verified buyers.
2. How much is scrap stainless steel worth?
The price depends on the grade (like 304 or 316), purity, and global market demand. As of now, it usually ranges from $0.70 to $2.20 per kg.
3. Is there scrap value in stainless steel?
Yes, stainless steel has good scrap value because it contains valuable metals like nickel and chromium, which can be recovered and reused.
4. What is 304 stainless steel worth?
Grade 304 is the most common and valuable stainless steel scrap. Its price often falls between $0.70 to $1.20 per pound, depending on market conditions.
5. Is the stainless steel scrap export business a profitable and growing business?
Yes, it's a profitable and growing business due to:
6. What types of stainless steel scrap products are exported from the world?
Common products exported from the world are stainless steel turning scrap, coils, pipes, plates, wires, and sheets (mainly in grades like 302, 304, 316, 430, and 201).
7. How to locate buyers for stainless steel scrap products?
There are several ways to locate stainless steel scrap buyers, but the most effective ones include:
8. What are the HSN Codes Used for Exporting Stainless Steel Scrap?
The HSN code for stainless steel scrap is 7204. Sub-codes may apply based on the specific type of scrap.
9. Which countries are the largest importers of Stainless Steel Scrap?
The largest importing countries of stainless steel scrap are:
10. Can we export scrap metal from India?
Yes, scrap metal can be exported from India, but it requires proper documentation and must follow the DGFT and customs regulations.
11. Which country is best for copper scrap?
China, India, and Germany are top destinations for copper scrap due to their strong demand for recycled metal in manufacturing.
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