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How's the recycling and reusing of stainless steel ?

How's the recycling and reusing of stainless steel ?
Update Time:2017-10-03

Stainless steel is 100% recyclable . An average stainless steel object is composed of about 60% recycled material of which approximately 40% originates from end-of-life products and about 60% comes from manufacturing processes. According to the International Resource Panel's Metal Stocks in Society report. , the per capita stock of stainless steel in use in society is 80–180 kg in more developed countries and 15 kg in less-developed countries.

There is a secondary market that recycles usable scrap for many stainless steel markets. The product is mostly coil, sheet, and blanks. This material is purchased at a less-than-prime price and sold to commercial quality stampers and sheet metal houses. The material may have scratches, pits, and dents but is made to the current specifications.