Ferrous waste and scrap

cpc code 39340 covers the industry of ferrous waste and scrap, which plays a crucial role in the global recycling economy. This industry is responsible for collecting, processing, and distributing ferrous metals that have reached the end of their useful life, allowing these materials to be reused in the production of new steel and iron products. The ferrous waste and scrap industry is an essential component of the circular economy, contributing to the conservation of natural resources and the reduction of environmental impact associated with the extraction and processing of raw materials.

The production techniques involved in the ferrous waste and scrap industry typically begin with the collection of scrap metal from various sources, such as construction sites, manufacturing facilities, and consumer goods. The collected scrap is then sorted, graded, and processed to remove any non-ferrous materials or contaminants. This process may involve shredding, baling, or melting the scrap to prepare it for further use. The processed ferrous scrap is then sold to steel mills and foundries, where it is used as a raw material in the production of new steel and iron products.

The main inputs required for the ferrous waste and scrap industry include the collection and transportation of scrap metal, as well as the machinery and equipment necessary for sorting, processing, and preparing the scrap for sale. This industry also relies on a skilled workforce to operate the various processing and handling equipment, as well as to ensure the efficient and safe management of the scrap materials.

The primary output of the ferrous waste and scrap industry is processed ferrous scrap, which is then consumed by 24100 Iron and Steel Mills and Ferroalloy Manufacturing and 33111 Iron and Steel Forging to produce new steel and iron products. The ferrous scrap industry also generates secondary outputs, such as non-ferrous metals and other materials that are separated during the processing of the scrap, which may be sold to other industries for further use or recycling.