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.