Ferrous waste and scrap; of alloy steel (excluding stainless)

HS v2017 Code: 720429

About ferrous waste and scrap; of alloy steel (excluding stainless)

HS code 720429 covers the trade of ferrous waste and scrap made from alloy steel, excluding stainless steel. This industry plays a crucial role in the global steel supply chain, as the recycling and reuse of steel scrap is essential for the production of new steel products. The efficient management of this waste stream helps to conserve natural resources, reduce energy consumption, and lower greenhouse gas emissions associated with steel manufacturing.

Production process

The main production techniques involved in this industry include the collection, sorting, and processing of ferrous scrap. Scrap is typically gathered from various sources, such as manufacturing facilities, construction sites, and end-of-life vehicles. The scrap is then sorted by composition, size, and quality, and may undergo further processing, such as shredding, baling, or melting, to prepare it for use in steel production.

Production inputs

The primary inputs required for this industry are the ferrous scrap materials themselves, which can come from a variety of sources. Additionally, specialized equipment, such as scrap collection vehicles, shredders, and baling machines, are necessary for the efficient processing and handling of the scrap. The industry also relies on skilled labor to operate the equipment and manage the logistics of scrap collection and distribution.

Production outputs

The main output of this industry is processed ferrous scrap, which is then consumed by steel producers to manufacture new steel products. The scrap can be used in 720711 Electric arc furnace steel or 720810 Basic oxygen furnace steel production, depending on the quality and composition of the material. By recycling ferrous scrap, this industry helps to reduce the demand for virgin iron ore and other raw materials used in steel production, contributing to the overall sustainability of the steel industry.

Revisions to 720429

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 720429. The most recent 1 version of this code (720429) is in the HS v2022 system:

This page shows a legacy version of code 720429 ( HS v2017).

Older versions

Family tree for ferrous waste and scrap; of alloy steel (excluding stainless)

    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/v2017/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</a>"]

    B --> D["<a href='/classifications/hs/v2017/720410'>720410: Ferrous waste and scrap; of cast iron</a>"]
B --> E["<a href='/classifications/hs/v2017/720421'>720421: Ferrous waste and scrap; of stainless steel</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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