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

HS v2022 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 conserve natural resources, reduce energy consumption, and minimize the environmental impact of steel manufacturing.

Production process

The main production technique for this industry involves the collection, sorting, and processing of ferrous waste and scrap. Scrap metal is typically gathered from various sources, such as manufacturing facilities, construction sites, and end-of-life vehicles. The scrap is then sorted by composition, cleaned, and prepared for melting in electric arc furnaces or basic oxygen furnaces to produce new steel products.

Production inputs

The primary inputs for this industry are the ferrous waste and scrap materials, which can come from a variety of sources. Additionally, the industry requires specialized equipment for the collection, sorting, and processing of the scrap, as well as energy sources, such as electricity, to power the melting and refining processes.

Production outputs

The main output of this industry is recycled alloy steel, which can be used as a raw material for the production of a wide range of steel products, including 720810 flat-rolled products of iron or non-alloy steel, 721310 bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel, and 722530 other bars and rods of alloy steel; angles, shapes and sections, of alloy steel. The efficient recycling of this scrap material helps to reduce the demand for virgin steel production, thereby conserving natural resources and reducing the environmental impact 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 version):

This page shows the most recent version of code 720429.

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

    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/v2022/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</a>"]

    B --> D["<a href='/classifications/hs/v2022/720410'>720410: Ferrous waste and scrap; of cast iron</a>"]
B --> E["<a href='/classifications/hs/v2022/720421'>720421: Ferrous waste and scrap; of stainless steel</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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