Ferrous waste and scrap; of stainless steel

HS v2022 Code: 720421

About ferrous waste and scrap; of stainless steel

HS code 720421 covers the trade of ferrous waste and scrap made from stainless steel. This industry plays a crucial role in the global recycling economy, providing a sustainable source of raw materials for steel production. Stainless steel scrap is highly valued due to its durability, corrosion resistance, and ability to be reused indefinitely without loss of quality. The efficient management and trade of this commodity contribute to the circular economy and help reduce the environmental impact of steel manufacturing.

Production process

The production of stainless steel scrap typically involves the collection, sorting, and processing of various stainless steel waste streams. This may include the dismantling of end-of-life products, the segregation of manufacturing offcuts, and the consolidation of scrap from multiple sources. Advanced sorting techniques, such as magnetic separation and X-ray fluorescence analysis, are often employed to ensure the purity and quality of the stainless steel scrap.

Production inputs

The main inputs required for the stainless steel scrap industry include a reliable supply of stainless steel waste and scrap, as well as the necessary equipment and infrastructure for its collection, transportation, and processing. This may involve specialized machinery for cutting, shredding, and baling the scrap, as well as facilities for storage, sorting, and quality control. Additionally, the industry relies on a skilled workforce with expertise in scrap management and logistics.

Production outputs

The primary output of the stainless steel scrap industry is high-quality stainless steel scrap, which is then consumed by 720218 Stainless steel, other alloy steel: ingots, other primary forms and 720219 Stainless steel, other alloy steel: semi-finished products manufacturers for the production of new stainless steel products. The efficient recycling and trade of stainless steel scrap help to reduce the demand for virgin raw materials, contributing to the sustainability of the steel industry.

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 version):

This page shows the most recent version of code 720421.

Family tree for ferrous waste and scrap; of stainless steel

    graph LR
    A["<a href='/classifications/hs/v2022/72'>72: Iron and steel</a>"]
A --> B["<a href='/classifications/hs/v2022/7204'>7204: Ferrous waste and scrap; remelting scrap ingots of iron or steel</a>"]
B --> C["<a href='/classifications/hs/v2022/720421'>720421: Ferrous waste and scrap; of stainless steel</a>"]

    B --> D["<a href='/classifications/hs/v2022/720410'>720410: Ferrous waste and scrap; of cast iron</a>"]
B --> E["<a href='/classifications/hs/v2022/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</a>"]
B --> F["<a href='/classifications/hs/v2022/720430'>720430: Ferrous waste and scrap; of tinned iron or steel</a>"]
B --> G["<a href='/classifications/hs/v2022/720441'>720441: Ferrous waste and scrap; turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings, whether or not in bundles</a>"]
B --> H["<a href='/classifications/hs/v2022/720449'>720449: Ferrous waste and scrap; n.e.c. in heading no. 7204</a>"]
B --> I["<a href='/classifications/hs/v2022/720450'>720450: Ferrous products; remelting scrap ingots</a>"]

    

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