Scrap Stainless Steel Prices UK
Today's UK scrap stainless steel prices per kg, updated daily. Stainless steel prices track LME nickel because nickel is the key alloying element.
LME nickel Spot
£12.89/kg
London Metal Exchange price as of 2026-04-01.
Scrap Prices Per Kg
| Grade | Low | Avg | High | Sources |
|---|---|---|---|---|
| 316 Stainless | £0.42 | £0.68 | £1.00 | Medium (3) |
| 304 Stainless | £0.30 | £0.44 | £0.55 | Medium (4) |
| Mixed Stainless | £0.45 | £0.78 | £1.10 | Low (2) |
Prices updated 2026-04-01. Based on data from up to 4 UK scrap yards.
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Prices are indicative estimates. Actual prices vary by yard, region, and metal condition. Always confirm with your local scrap yard.
Understanding Stainless Steel Grades
316 stainless (marine grade, contains molybdenum) commands the highest price. 304 stainless (18/8, the most common grade) is slightly lower. The key differentiator is nickel content, which is why stainless tracks LME nickel.
Use a magnet to test. Austenitic stainless (304, 316) is non-magnetic or very weakly magnetic. If a magnet sticks strongly, it is likely ferritic stainless or chrome steel, which is worth less.