Stainless steel’s long service life, 100 percent recyclability and its valuable raw materials make it an excellent environmental performer.
There are two types of stainless steel scrap – reclaimed scrap (old scrap) and industrial scrap (new scrap).
Reclaimed scrap includes industrial equipment, tanks, washing machines and refrigerators that have reached the end of their service life.
Industrial scrap includes industrial returns or production off-cuts from manufacturing by industrial engineering and fabrication sources.
As well as iron, stainless steel contains valuable raw materials like chromium and nickel which makes recycling stainless steel economically viable.
Virtually, all Australian stainless steel scrap goes overseas. At least 30,000 tonnes of stainless steel scrap in Australia will be exported a year to stainless steel mills in countries including China, South Korea, Taiwan, India and Japan.