Scrap Prices for Stainless Steel per Pound MetalĪbove are today's prices for stainless steel. Scrap Prices for other Precious Metals MetalĪbove are today's scrap prices for silver, palladium and platinum. One troy ounce (Oz) is equal to around 31.1 grams. Scrap gold prices (as well as scrap prices for other precious metals) are usually set in troy ounces. In the table above you'll find today's scrap gold price for the different purities of gold. Last Updated On Scrap Aluminum Prices per Pound Metal If you operate somewhere else in Maine contact us and will help you find the best scrap yards near you. If you operate in the Lewiston area we recommend: Grimmel Industries and Schnitzer Northeast. Let's start with Maine's largest city Portland, our research has found that the best scrap yards are: E Perry Iron & Metal Co and Cumberland Salvage Inc.
Now that you know the basics let's go through some of our recommendations for scrap yards in Maine. To further stop the buying and producing of stolen material, the police have the power to tag and hold all material for up to three days. This is one way that scrap yards protect themselves against fraud and fake ID's. Scrap yards may choose to pay by check made out to the seller. Uniquely to Maine is the payment restriction laws which are optional. A copy of your ID, the description and photograph of the material and a photograph will all be kept on record with the transaction details for at least a year. You will not be able to complete a transaction without it. This is actually true almost everywhere in the US not just Maine. Firstly, make sure that you bring identification. We have been through the Maine legislation so that we could summarize everything that you need to know when selling scrap in Maine. With scrap metal theft affecting each state by varying degrees, the laws are hugely inconsistent. It can be difficult for experienced scrappers when travelling between states, as each state in the US has its own laws that can vary hugely just one state across.
And that is to understand the laws and regulations, that govern the buying and selling of scrap metal in the region that you operate in. It is an exciting prospect starting something new, however so many of them miss the most important thing. Guessing what type of stainless steel that you have is not easy, but one sure fire way to figure out what you have is by asking your local scrap yard if they can use an analyzer (if that have one) to let you know what type of material that you have.With so many people who successfully make decent money or even a living from buying and selling scrap metal, there are more and more newcomers to the industry. Many new production stainless pieces will have the grade of them listed on the actual material….but many pieces do not. There are dozens, if not hundreds, of types of stainless steel. Different Types or Grades of Stainless Steel Contact one of our iScrap App partners today. The stainless steel must be analyzed and have no attachments in order to get paid the highest value. Different types of steel have different pricing. Aluminum will have more of a dull texture to it. If the magnet does not stick and you have a shiny silver color metal it is probably stainless steel or aluminum. How Do You Know You Have Stainless?Īny easy way to see if you have stainless steel is to do a magnet test.
#Cost of stainless steel per pound series
Scrap Steel includes 300 series stainless steel, 304 stainless steel, 316 stainless steel and 400 stainless steel. Its best to call ahead to find out the market rate for each type of steel. Open price indicates the starting price or the closing price of Stainless Steel for the previous day. Prices of scrap steel vary based upon the economy so check with your local scrap yard for current Stainless Steel Scrap Prices. The chart indicates the daily price movements of US Scrap Prices for Stainless Steel. Regardless of whether you have material from a residential job or a larger scale construction remodel, scrap steel prices fluctuate on a regular basis. About Stainless Steel Let’s Learn About Stainless Steel Scrap
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