June 24, 2019
18-8 turnings has been a term used in the stainless scrap industry for many years dating back to 1924 when it was first patented with the specifications of 18% chromium and 8% nickel. During the early 1900’s, stainless steel was still a generally unfamiliar entity, so 18-8 turnings became the phrase that was used to identify most grades of stainless steel scrap. Eventually, the industry grouped five grades of stainless: 302, 303, 304, 321, and 347--to make up the term 18-8.
Currently, 18-8 turnings consist of clean 18-8 type stainless steel turnings containing a minimum 7% nickel and 16% chrome, and to be free of nonferrous metals, nonmetallics, excessive iron, oil and other contaminants, as specified by the Institute of Scrap Recycling Industries. Particulars concerning physical description, assay, and packaging to be agreed upon between buyer and seller.
Scrap Price Bulletin produces 18-8 turnings pricing in several markets across North America including Chicago, Cleveland, Detroit, New York, and Pittsburgh. Do you need additional stainless steel scrap prices? View the full selection of stainless steel scrap grades by visiting Scrap Price Bulletin’s pricing page.
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.
Fastmarkets SPB is a weekly subscription service for steel and iron scrap prices.
Subscribers benefit from regional scrap prices for Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton, ON, Houston, Los Angeles, New York, Philadelphia, Pittsburgh, San Francisco, Seattle-Portland, South Carolina, St. Louis, and Youngstown assessed every week. To see a sample price sheet, download a sample issue below or take out a free trial to experience scrappricebulletin.com.