Stainless steel scrap prices UK
Stainless steel scrap (8% nickel or more) averaged £544 per tonne (£0.54 per kg) in July 2026, down 7% on the month before and up 72% on a year earlier. These are average UK export values from HMRC. They show the market trend, and a dealer's offer for your material will be lower.
Stainless steel scrap prices UK in July 2026
| Material | Jul 2026, per tonne | Per kg | Month before | Change | A year earlier | Change |
|---|---|---|---|---|---|---|
| Stainless steel scrap (8% nickel or more) | £544 | £0.54 | £585 | down 7.0% | £316 | up 72.2% |
| Other stainless steel scrap | £1,126 | £1.13 | £1,182 | down 4.7% | £404 | up 178.7% |
Stainless steel scrap (8% nickel or more), month by month
| Month | Average per tonne | Per kg | Change | Tonnes exported |
|---|---|---|---|---|
| July 2026 | £544 | £0.54 | down 7.0% | 3,499 |
| June 2026 | £585 | £0.59 | up 32.4% | 4,482 |
| May 2026 | £442 | £0.44 | up 17.6% | 12,013 |
| April 2026 | £376 | £0.38 | down 14.2% | 10,337 |
| March 2026 | £438 | £0.44 | up 51.0% | 5,748 |
| February 2026 | £290 | £0.29 | down 8.8% | 15,065 |
| January 2026 | £318 | £0.32 | down 15.6% | 11,125 |
| December 2025 | £377 | £0.38 | down 34.1% | 9,160 |
| November 2025 | £572 | £0.57 | down 14.9% | 15,065 |
| October 2025 | £672 | £0.67 | up 67.6% | 6,559 |
| September 2025 | £401 | £0.40 | up 17.3% | 9,302 |
| August 2025 | £342 | £0.34 | up 8.2% | 4,276 |
| July 2025 | £316 | £0.32 | n/a | 4,837 |
How to read these figures
These are average values, not offers. HMRC records the value and weight of the scrap and recovered material that leaves the UK, and dividing one by the other gives a price per tonne.
- They reflect large, sorted loads that are ready for export.
- A dealer buying from your business will pay less, to cover collection, sorting and their margin.
- Use them to follow the direction of the market and to judge whether a quote is reasonable.
What affects the price you are offered
- Grade and cleanliness. Sorted, clean material earns the most.
- Quantity. Regular, larger loads earn better terms.
- Distance. Haulage comes out of the price.
Our guide explains the grades and how to prepare your material: How to sell scrap steel.
Register and list your stainless steel scrap
Frequently asked questions
How much is stainless steel scrap worth per kg?
Based on HMRC export figures for July 2026, stainless steel scrap (8% nickel or more) averaged £0.54 per kg, which is £544 per tonne. A dealer buying from you will pay less than this, to cover collection, sorting and their margin.
Is the price of stainless steel scrap going up or down?
In July 2026 stainless steel scrap (8% nickel or more) was down 7% on the month before and up 72% on a year earlier. Over the last 12 months it has ranged from £290 to £672 per tonne.
Is this the price a dealer will pay me?
No. These figures are the average value of UK exports recorded by HMRC, which reflects large, sorted loads that are ready for export. A dealer buying from your business will offer less, depending on grade, quantity and distance. Use the figures to follow the market and to judge whether a quote is reasonable.
Why is stainless steel worth more than ordinary steel?
Stainless steel contains nickel and chromium, which are worth far more than iron. Grades with more nickel, such as 304 and 316, earn the most.
Can I be paid cash for stainless steel scrap?
No. Scrap metal dealers in England and Wales have not been allowed to pay cash since December 2012, and Scotland brought in the same rule in September 2016. Dealers pay by bank transfer or cheque, and they must check your identity.
Does my business need a licence to sell stainless steel scrap?
No. You do not need a licence to sell scrap from your own business. You do have a duty of care, which means using a licensed scrap metal dealer or a registered waste carrier and keeping a waste transfer note for each load.
How often are these prices updated?
Monthly. HMRC publishes trade figures about six weeks after the end of each month, and this page updates automatically when new figures arrive.
More prices: Scrap steel prices, Scrap metal prices, Cast iron scrap prices, all prices.