Ferrous waste and scrap; of tinned iron or steel

HS v2022 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 and resource recovery ecosystem, as it enables the reuse of valuable metal materials that would otherwise be discarded. The recycling of ferrous scrap is essential for conserving natural resources, reducing energy consumption, and minimizing environmental impact in the steel production process.

Production process

The production of ferrous waste and scrap of tinned iron or steel typically involves the collection, sorting, and processing of various metal waste streams. This may include the dismantling of end-of-life products, the segregation of different metal types, and the use of specialized equipment such as shredders, balers, and magnetic separators to prepare the scrap for further processing or reuse.

Production inputs

The main inputs required for the ferrous waste and scrap industry include the collection of used and discarded metal products, such as tin cans, automotive parts, and construction materials. Additionally, the industry relies on specialized machinery and equipment for the efficient handling, sorting, and processing of the collected scrap. Energy sources, such as electricity or fuel, are also necessary for the various stages of the recycling process.

Production outputs

The primary output of the ferrous waste and scrap industry is the production of processed scrap metal, which can be used as a raw material in the production of new steel products. The recycled scrap metal may be consumed by industries such as 720810 Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated, 720711 Semi-finished products of iron or non-alloy steel, and 730110 Sheet piling of iron or steel, among others.

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 version):

This page shows the most recent version of code 720430.

Family tree for ferrous waste and scrap; of tinned iron or 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/v2022/720430'>720430: Ferrous waste and scrap; of tinned iron or 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/v2022/720421'>720421: Ferrous waste and scrap; of stainless steel</a>"]
B --> F["<a href='/classifications/hs/v2022/720429'>720429: Ferrous waste and scrap; of alloy steel (excluding stainless)</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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