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18-8 bundles and solids scrap metal prices

October 22, 2018

Stainless steel 18-8 bundles and solids consists of clean 18-8 type stainless steel clips and solids containing a minimum 7% nickel, 16% chrome, and a maximum of .50% molybdenum, .50% copper, .045% phosphorous, and .03% sulfur, and otherwise free of harmful contaminants as specified by the Institute of Scrap Recycling Industries. With the 18-8 mixture of bundles and solids, steel mills typically prefer to have a greater percentage of solids entering into the EAF, but particulars concerning physical description, grading, additional analysis, and preparation need to be agreed upon between buyer and seller.

When comparing 18-8 bundles and solids to 18-8 turnings, 18-8 bundles and solids return a greater value to the steel mill due to the increased moisture that the 18-8 bundles and solids provide.

Scrap Price Bulletin produces 18-8 bundles and solids pricing in several markets across North America including Chicago, Cleveland, Detroit, Pittsburgh, and New York.

Fastmarkets SPB publishes more than 50 steel and iron scrap price grades and reports on 18 major North American ferrous scrap markets.  Click here to visit the about our prices page or to find additional steel scrap terms, visit the glossary page.

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18-8 bundles and solids
Prices as of August 21, 2017
Processor/brokers' buying prices Low High
Pittsburgh - 18-8 bundles and solids 1,175.00 1,200.00
Stainless (brokers' buying prices)
Chicago - 18-8 bundles and solids 915.00 965.00
Stainless (processor/brokers' buying prices)
Detroit - 18-8 bundles and solids 1,050.00 1,075.00
Stainless (dealers' buying prices)
Cleveland - 18-8 bundles and solids 875.00 900.00
Stainless
New York - 18-8 bundles and solids 1,100.00 1,125.00