Stainless Steel Scrap Grade 316 is a high-value, marine-grade, and corrosion-resistant metal recycling material. It consists of old, unusable 316-grade austenitic stainless steel containing 2–3% molybdenum, 16–18% chromium, and 10–14% nickel. Known for durability in harsh environments (chemical/saltwater), this premium scrap is heavily sought for re-melting into new products.