Results 1 to 16 of 16

Is magnetic stainless steel worth anything?

| Scrap Metal Questions and Answers
  1. #1
    landmine started this thread.
    SMF Badges of Honor

    Member since
    Feb 2012
    Location
    Massachusetts
    Posts
    351
    Thanks
    145
    Thanked 105 Times in 79 Posts

    Is magnetic stainless steel worth anything?

    Is magnetic stainless worth anything? I have never found a buyer for it.


  2. The Following User Says Thank You to landmine for This Post:



  3. #2
    Mick's Avatar
    SMF Badges of Honor



    Member since
    Aug 2010
    Location
    Palermo, Me
    Posts
    3,405
    Thanks
    363
    Thanked 3,086 Times in 1,326 Posts
    Quote Originally Posted by landmine View Post
    Sorry to hijack, but is magnetic stainless worth anything? I have never found a buyer for it.
    Around here, it goes with Iron/Steel
    People may laugh at me, but that's ok. I laugh all the way to the bank.

  4. The Following 2 Users say Thank You for This Post by Mick:


  5. #3
    wavecrazed's Avatar
    SMF Badges of Honor


    Member since
    Oct 2011
    Posts
    219
    Thanks
    13
    Thanked 69 Times in 48 Posts
    Here in orlando CnnC takes it if it slightly nnagnnetic

  6. The Following User Says Thank You to wavecrazed for This Post:


  7. #4
    SMF Badges of Honor


    Member since
    Feb 2012
    Location
    Minneapolis
    Posts
    593
    Thanks
    324
    Thanked 324 Times in 171 Posts
    I just throw all my magnetic ss in shred..they wont pay me any different..I'm guna try a different yard tomorrow..what do guys think.. but then again how do I k.ow for sure it is ss n not plated steal?.. I mean it is magnetic but shiny...I'm I. The metal finishing biz...I can make steel look like copper...obviously not copper but just saying...I always had trouble grading ss

  8. The Following User Says Thank You to scrappy888 for This Post:


  9. #5
    Mulden's Avatar
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    Sheffield, England
    Posts
    93
    Thanks
    20
    Thanked 43 Times in 29 Posts
    Quote Originally Posted by scrappy888 View Post
    I just throw all my magnetic ss in shred..they wont pay me any different..I'm guna try a different yard tomorrow..what do guys think.. but then again how do I k.ow for sure it is ss n not plated steal?.. I mean it is magnetic but shiny...I'm I. The metal finishing biz...I can make steel look like copper...obviously not copper but just saying...I always had trouble grading ss
    If it's manetic it isn't at least 11% chrome and therefore is not SS grade

  10. #6
    SMF Badges of Honor




    Member since
    Mar 2012
    Location
    ks
    Posts
    2,187
    Thanks
    2,513
    Thanked 2,140 Times in 898 Posts
    non magnetic. Ss goes for round quarter a pound round here
    Alvord iron and salvage
    3rd generation scrapper and dam proud of it

  11. #7
    SMF Badges of Honor


    Member since
    Sep 2011
    Location
    Nottingham
    Posts
    181
    Thanks
    26
    Thanked 105 Times in 58 Posts
    18/0 or 430 stainless is magnetic but contains 18% chromium. It is the nickel that is missing like in the 18/8 or 18/10 304 grades. I imagine the chromium has value but is difficult to tell the difference and separate so the yards just get this as a freebie

  12. The Following 2 Users say Thank You for This Post by harrisvh:


  13. #8
    hobo finds's Avatar
    SMF Badges of Honor


    Member since
    Nov 2010
    Location
    tucson, az
    Posts
    4,758
    Thanks
    6,037
    Thanked 5,910 Times in 2,556 Posts
    I just got .65 for my stainless steel. If any pull to a magnet then they put it with steel for .11 a pound

  14. #9
    SMF Badges of Honor


    Member since
    Feb 2012
    Location
    Minneapolis
    Posts
    593
    Thanks
    324
    Thanked 324 Times in 171 Posts
    Same here hobo...cant get a cent more for the magnetic..

  15. #10
    BurlyGuys's Avatar
    SMF Badges of Honor


    Member since
    Feb 2012
    Location
    Waterford Michigan
    Posts
    1,591
    Thanks
    1,109
    Thanked 1,620 Times in 635 Posts

    My yard takes it as shred.

    I just took in a SS commercial stove and got shred price for it. I was just happy to get rid of it because it was covered completely with half an inch of grease. Sometimes I really wonder about eating in restaurants...
    Burly Smash![/COLOR][/SIZE][/FONT]
    John Terrell (248) 224-2188
    Burly Guys Junk Removal LLC
    5499 Perry Drive Unit P Waterford, MI 48329
    http://www.burlyguys.com

  16. #11
    SMF Badges of Honor


    Member since
    Apr 2012
    Location
    Bergen County, NJ
    Posts
    10
    Thanks
    0
    Thanked 2 Times in 2 Posts
    I throw all of my stainless in a barrel regardless of it
    being magnetic or not and the yard doesn't mind. I got around .55 a pound last time I went to the scrap yard about a month ago.

  17. #12
    SMF Badges of Honor


    Member since
    Aug 2011
    Location
    Green Bay, WI
    Posts
    377
    Thanks
    38
    Thanked 162 Times in 77 Posts
    Quote Originally Posted by BurlyGuys View Post
    I just took in a SS commercial stove and got shred price for it. I was just happy to get rid of it because it was covered completely with half an inch of grease. Sometimes I really wonder about eating in restaurants...
    Over the last couple months they were cleaning out an old Howard Johnson hotel here. It was a hotel/resturaunt/bar. When the place shut down, they literally walked out and left everything. The deep fryers had 4 year old grease in them, cereal dispensers had moldy cereal, etc. They were selling "entire rooms" (ones that werent damage by leaky roofs). Every mattress I looked at was stained. Well, people bought this stuff, and bought it for their own buissinesses. Makes me sick thinking about it.

  18. #13
    SMF Badges of Honor


    Member since
    Feb 2012
    Location
    Minneapolis
    Posts
    593
    Thanks
    324
    Thanked 324 Times in 171 Posts
    Typical packer fans...that is disgusting though

  19. #14
    eesakiwi's Avatar
    SMF Badges of Honor



    Member since
    Dec 2010
    Location
    NZ
    Posts
    2,531
    Thanks
    2,909
    Thanked 2,556 Times in 1,227 Posts
    It is worth money if you have enough of it. Start at a ton or more, then bargain with the scrappers.

    Stainless steels at a real low price, anyone know why? Less to bargain with with the buyers, ****.

    It used to be the 'diamond' in the scrap pile, good $ but we didn't know how much $ untill we sold it.

    Most of the dishwashers I have scrapped have had a (un)fair amount of magnetic stainless on them.

  20. #15
    bcrepurposing's Avatar
    SMF Badges of Honor


    Member since
    Dec 2013
    Location
    Northern Central MN
    Posts
    152
    Thanks
    3
    Thanked 155 Times in 69 Posts
    as a rule if a magnet sticks it is shred, as said above.

    I was also told that if I can produce the exact same type / alloy in weight, they will buy at better than shred, but will have to hit it with a gun to determine grade alloy content. Less than 500 lbs is not worth their time to find a outlet for,and they prefer at least one ton. They also prefer it to be single pieces or a few large chunks. Something not many of us can produce, let alone squirreling the same exact alloy in that kinda weight.

    I send mine as shred simply because I don't get enough magnetic ss to even come close to making it worth separating and attempting identify alloy content.
    "Reuse, Repurpose, Recycle..." - BC Repurposing Motto

    www.bcrepurposing.weebly.com
    https://www.facebook.com/bc.repurposing

  21. #16
    SMF Badges of Honor

    Member since
    Dec 2012
    Location
    Virginia Beach, VA
    Posts
    345
    Thanks
    643
    Thanked 620 Times in 191 Posts
    You guys are getting a good price for SS. Saddly today I got 0.28 for non magnetic SS in my area and I have never seen it higher than .40
    I'm going to recycle the world.


  22. Similar threads on the Scrap Metal Forum

    1. stainless steel ?
      By taterjuice in forum Dismantling, Breaking Down & Maximizing Scrap
      Replies: 20
      Last Post: 06-15-2017, 05:38 PM
    2. Spring steel/couch springs - Worth more than regular steel?
      By Sagan in forum Scrap Metal Questions and Answers
      Replies: 5
      Last Post: 05-30-2015, 02:43 AM
    3. Non magnetic silver nuts, if not brass are they stainless?
      By newattitude in forum Scrap Metal Questions and Answers
      Replies: 10
      Last Post: 11-16-2011, 04:52 PM
    4. magnetic stainless steel
      By teenscrapper in forum Scrap Metal Questions and Answers
      Replies: 24
      Last Post: 03-20-2011, 12:56 AM
    5. Normal steel vs. Magnetic stainless
      By Scrap man in forum Scrap Metal Questions and Answers
      Replies: 3
      Last Post: 02-15-2011, 04:33 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook