Ferrous waste and scrap; of tinned iron or steel

HS v2017 Code: 720430

About ferrous waste and scrap; of tinned iron or steel

HS code 720430 covers ferrous waste and scrap of tinned iron or steel. This industry plays a crucial role in the global recycling economy, providing a sustainable source of raw materials for steel production. By repurposing scrap metal, this industry helps to reduce the environmental impact of steel manufacturing and supports the circular economy.

Production process

The production of ferrous waste and scrap involves the collection, sorting, and processing of used or discarded iron and steel products. This may include items such as tin cans, automotive parts, and construction materials. The scrap is then melted down and reused as a raw material for new steel products, reducing the need for virgin ore extraction.

Production inputs

The main inputs for this industry are the ferrous waste and scrap materials themselves. Efficient collection and sorting systems, as well as specialized equipment for melting and processing the scrap, are also essential. Additionally, the industry relies on a skilled workforce to handle the various stages of the recycling process.

Production outputs

The primary output of this industry is processed ferrous scrap, which is then consumed by 720410 Waste and scrap of cast iron and 720429 Waste and scrap of alloy steel industries for the production of new steel products. The recycled steel can be used in a wide range of applications, from construction and automotive manufacturing to household appliances and infrastructure development.

Revisions to 720430

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 720430. The most recent 1 version of this code (720430) is in the HS v2022 system:

This page shows a legacy version of code 720430 ( HS v2017).

Newer versions

Family tree for ferrous waste and scrap; of tinned iron or 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/v2017/720430'>720430: Ferrous waste and scrap; of tinned iron or 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/v2017/720421'>720421: Ferrous waste and scrap; of stainless steel</a>"]
B --> F["<a href='/classifications/hs/v2017/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</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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