There are two predominant kinds of stainless steel.
- 304 Scrap- This is the most frequently used type of stainless steel. It is composed of 18% chromium and 8% nickel. You may still hear it called by its former name, 18/8
- 316 Scrap- A higher grade of stainless steel, 316 scrap has a composition of 18% chromium, 10% nickel, and 2.5% molybdenum. The addition of molybdenum makes 316 more resistant to corrosion. Both 304 and 316 stainless steel scrap metal are of good quality.