Ferrous waste and scrap; of stainless steel

HS v2017 Code: 720421

About ferrous waste and scrap; of stainless steel

HS code 720421 covers the import and export of ferrous waste and scrap made of stainless steel. This industry plays a crucial role in the global recycling economy, providing a sustainable source of raw materials for the production of new steel products. Stainless steel scrap is highly valued due to its durability, corrosion resistance, and ability to be reused indefinitely without losing its properties.

Production process

The main production techniques involved in the processing of stainless steel scrap include collection, sorting, shredding, and melting. Scrap is collected from various sources, such as manufacturing facilities, construction sites, and consumer goods. It is then sorted by grade and composition to ensure the quality and purity of the final product. The sorted scrap is then shredded or crushed to reduce its size, making it easier to transport and melt. Finally, the shredded scrap is melted in electric arc furnaces or basic oxygen furnaces, where it is refined and cast into new stainless steel products.

Production inputs

The primary inputs required for the stainless steel scrap industry include the scrap itself, which is the main raw material. Additionally, the industry relies on specialized machinery and equipment for the collection, sorting, and processing of the scrap. Energy sources, such as electricity and natural gas, are also essential for the melting and refining processes. The industry may also require various additives and alloying elements to achieve the desired properties of the final stainless steel products.

Production outputs

The main output of the stainless steel scrap industry is refined stainless steel, which can be used in a wide range of applications, including 721810 Stainless steel bars and rods, 721920 Stainless steel flat-rolled products, and 730411 Stainless steel tubes and pipes. The recycled stainless steel is highly valued by manufacturers in various industries, such as construction, automotive, and consumer goods, as it provides a sustainable and cost-effective source of raw materials.

Revisions to 720421

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 720421. The most recent 1 version of this code (720421) is in the HS v2022 system:

This page shows a legacy version of code 720421 ( HS v2017).

Newer versions
Older versions

Family tree for ferrous waste and scrap; of stainless steel

    graph LR
    A["<a href='/classifications/hs/v2017/72'>72: Iron and steel</a>"]
A --> B["<a href='/classifications/hs/v2017/7204'>7204: Ferrous waste and scrap; remelting scrap ingots of iron or steel</a>"]
B --> C["<a href='/classifications/hs/v2017/720421'>720421: Ferrous waste and scrap; of stainless steel</a>"]

    B --> D["<a href='/classifications/hs/v2017/720410'>720410: Ferrous waste and scrap; of cast iron</a>"]
B --> E["<a href='/classifications/hs/v2017/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</a>"]
B --> F["<a href='/classifications/hs/v2017/720430'>720430: Ferrous waste and scrap; of tinned iron or steel</a>"]
B --> G["<a href='/classifications/hs/v2017/720441'>720441: Ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles</a>"]
B --> H["<a href='/classifications/hs/v2017/720449'>720449: Ferrous waste and scrap; n.e.c. in heading no. 7204</a>"]
B --> I["<a href='/classifications/hs/v2017/720450'>720450: Ferrous products; remelting scrap ingots</a>"]

    

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