The price per pound of stainless steel varies, but as of September 2014, the current price for a pound of stainless steel is between $38 and $40. Stainless steel, along with other steel products and metals, is a commodity. That means that its value is determined by the commodities market.Continue Reading
In some cases, consumers may be able to see the current value of stainless steel by looking at a list of commodity values. For example, the World Bank publishes quarterly updates on the values of metals including steel products.
However, simply because stainless steel is worth a certain amount in the commodities market does not mean that a consumer is able to sell his own stainless steel for the same amount of money. Instead, the consumer should check on the prices that scrap yards are willing to pay in his area. Scrap yards usually pay more per pound the more metal one has. That means that a heavy lot of stainless steel is likely to be worth more per pound than a lightweight lot.
Some stainless steel is an alloy, meaning that it contains more than one kind of metal. If stainless steel is not pure, it is usually not worth as much per pound.Learn more about Precious Metals & Gems
Stainless steel does not tarnish. It does not oxidize as well. Stainless steel has become more popular in body jewelry due to its hypo-allergenic finish and non-reactive surface.Full Answer >
In conditions where moisture and atmospheric conditions are normal, stainless steel does not rust, but when conditions are more extreme, corrosion may occur. Stainless steel is much more resistant to corrosion than regular alloy steels. However this does not mean there are not conditions under which it rusts.Full Answer >
As of April 2015, scrap bronze sells for between $1.40 and $2 per pound. Up-to-date information on scrap bronze prices is available on websites such as ScrapMetalPricesAndAuctions.com, ScrapMonster.com and ScrapRegister.com.Full Answer >
The average cost of a half-carat diamond is between $1,500 and $2,500, as of September 2014. While size is an important factor, cut, color and clarity also play a role when pricing diamonds.Full Answer >