Stainless Steel Scrap is of two kinds i.e. Austentic and Martinestic. The difference between the two is that Austentic is Non Magnetic and Martinestic is Magnetic, which has been explained as follows :
We trade in magnetic stainless steel scraps, which is generally of 400 series, such as 409, 410 and 430. These scraps are available in both, sheet cuttings and shredded forms. In order to ensure safe transportation, we stuff these scraps in containers & transport them to desired locations.
We are also engaged in the trading of non-magnetic stainless steel scraps, both on spot prices and LME formula based in 304, 310, 316, 321 etc.
It is always preferred to trade graded scrap and not blended. This avoids any kind of discrepancy between the buyer and seller.