The current scrap buying price for Stainless Steel 316 in Jeddah as of April 30, 2026 is SR 3.44 per kilogram (Saudi Riyal). Prices are refreshed each trading day after LME market open.
What Is Stainless Steel 316?
Marine/food grade; higher nickel + molybdenum content.
Stainless Steel 316 is classified under Ferrous Metals — Iron-based, magnetic metals. High volume, lower unit value. This grade is priced at approximately 34% of the LME Nickel.
Stainless Steel 316 Price in Jeddah Today — April 2026
🗓️ Last updated: April 30, 2026 — refreshed daily at LME market open (08:10 London time).
Today’s indicative scrap yard buying price for Stainless Steel 316 in Jeddah:
| Unit | Price (Saudi Riyal) |
|---|---|
| Per kilogram (kg) | SR SR 3.44 |
| Per metric tonne | SR 3,443 |
| Per troy ounce | SR 107.07 |
These are indicative buying rates — what a scrap yard pays you. Actual prices may vary by yard, quantity, and material condition within Jeddah.
Stainless Steel 316 Price in Other Currencies
Today’s Stainless Steel 316 scrap price across major currencies (per kg):
| Code | Currency | Price / kg |
|---|---|---|
| USD | US Dollar | $ 0.9180 /kg |
| AUD | Australian Dollar | A$ 1.2788 /kg |
| GBP | British Pound | £ 0.6796 /kg |
| EUR | Euro | € 0.7841 /kg |
| CAD | Canadian Dollar | C$ 1.2552 /kg |
| NZD | New Zealand Dollar | NZ$ 1.5598 /kg |
| SGD | Singapore Dollar | S$ 1.1717 /kg |
Use our live calculator to convert to any currency or unit instantly.
What Affects Stainless Steel 316 Prices in Jeddah?
- Global commodity markets: This grade is priced at approximately 34% of the LME Nickel.
- Material condition: Marine/food grade; higher nickel + molybdenum content. Cleaner, better-graded material attracts higher offers.
- Local supply and demand: Construction, demolition, and manufacturing activity in Jeddah directly influences what yards are willing to pay.
- Exchange rates: Since base metals are benchmarked in USD, movements in the Saudi Riyal/USD rate affect your local payout.
- Transport costs: Distance to the nearest processing facility affects the net rate offered by Jeddah yards.
Tips for Selling Stainless Steel 316 in Jeddah
- Sort and clean your material before visiting a yard — Marine/food grade; higher nickel + molybdenum content.
- Get quotes from at least two or three Jeddah buyers; prices can vary 5–15% between yards.
- Check this page in the morning after LME open to confirm you are working with today’s rate.
- Bring bulk quantities where possible — larger loads typically attract better per-kg rates.
About This Price Data
The Stainless Steel 316 price on this page was last updated on April 30, 2026. Prices are sourced from live LME commodity data and real-time currency exchange rates, refreshed automatically every trading day at 08:10 London time (10 minutes after the LME Ring opens). Historical prices are not stored — this page always shows the current buying rate.
Use our Scrap Price Calculator to calculate the exact value of any quantity of Stainless Steel 316 in your preferred currency and unit.