Ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles

HS v2017 Code: 720441

About ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles

HS code 720441 covers a crucial segment of the ferrous metals industry - the collection, processing, and trade of ferrous waste and scrap. This industry plays a vital role in the circular economy, as it enables the recycling and reuse of valuable metal resources, reducing the need for primary metal production and contributing to sustainability efforts. The ferrous scrap trade is a global business, with international flows of materials supporting industrial activities worldwide.

Production process

The main production techniques in this industry involve the collection, sorting, and processing of ferrous waste and scrap materials. Scrap is gathered from various sources, including manufacturing facilities, construction sites, and end-of-life products. The scrap is then sorted by metal type, size, and purity, often using automated sorting technologies. The processed scrap is then compacted, shredded, or melted down to prepare it for reuse in steel production and other ferrous metal applications.

Production inputs

The primary inputs for this industry are the ferrous waste and scrap materials themselves, which can come from a wide range of sources, including manufacturing processes, construction activities, and consumer goods. Additionally, the industry relies on specialized equipment and machinery for the collection, sorting, and processing of the scrap. This may include shredders, balers, and other specialized equipment. The industry also requires skilled labor to operate the machinery and manage the logistics of the scrap trade.

Production outputs

The main output of this industry is processed ferrous scrap, which is then consumed by 720410 Ferrous waste and scrap; of cast iron and 720421 Ferrous waste and scrap; of stainless steel industries, as well as the broader 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel sector. The processed scrap is an essential raw material for steel production and other ferrous metal manufacturing processes, contributing to the circular economy and reducing the need for primary metal extraction.

Revisions to 720441

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 720441. The most recent 1 version of this code (720441) is in the HS v2022 system:

This page shows a legacy version of code 720441 ( HS v2017).

Family tree for ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles

    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/v2017/720441'>720441: Ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, fillings, trimmings and stampings, whether or not in bundles</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/v2017/720430'>720430: Ferrous waste and scrap; of tinned iron or steel</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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