The current scrap buying price for Stainless Steel 316 in Toowoomba as of April 7, 2026 is A$ 1.74 per kilogram (Australian Dollar). 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 Toowoomba Today — April 2026
Today’s indicative scrap yard buying price for Stainless Steel 316 in Toowoomba:
| Unit | Price (Australian Dollar) |
|---|---|
| Per kilogram (kg) | A$ A$ 1.74 |
| Per metric tonne | A$ 1,740 |
| Per troy ounce | A$ 54.12 |
These are indicative buying rates — what a scrap yard pays you. Actual prices may vary by yard, quantity, and material condition within Toowoomba.
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 | $ 1.2036 /kg |
| AUD | Australian Dollar | A$ 1.7401 /kg |
| GBP | British Pound | £ 0.9095 /kg |
| EUR | Euro | € 1.0426 /kg |
| CAD | Canadian Dollar | C$ 1.6748 /kg |
| NZD | New Zealand Dollar | NZ$ 2.1064 /kg |
| SGD | Singapore Dollar | S$ 1.5466 /kg |
Use our live calculator to convert to any currency or unit instantly.
What Affects Stainless Steel 316 Prices in Toowoomba?
- 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 Toowoomba directly influences what yards are willing to pay.
- Exchange rates: Since base metals are benchmarked in USD, movements in the Australian Dollar/USD rate affect your local payout.
- Transport costs: Distance to the nearest processing facility affects the net rate offered by Toowoomba yards.
Tips for Selling Stainless Steel 316 in Toowoomba
- Sort and clean your material before visiting a yard — Marine/food grade; higher nickel + molybdenum content.
- Get quotes from at least two or three Toowoomba 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 Data
The Stainless Steel 316 price shown on this page is sourced from live LME commodity data and real-time exchange rates, refreshed daily at 08:10 London time. Use our Scrap Price Calculator to calculate the value of any quantity in your preferred currency.