Ferrous waste and scrap; n.e.c. in heading no. 7204

HS v2022 Code: 720449

About ferrous waste and scrap; n.e.c. in heading no. 7204

HS code 720449 covers a critical segment of the global ferrous metals industry - the trade and processing of ferrous waste and scrap. This material is an essential input for steel and iron production, allowing manufacturers to recycle and reuse valuable metal resources. The ferrous waste and scrap industry plays a vital role in the circular economy, reducing the environmental impact of metal extraction and processing.

Production process

The main production techniques in the ferrous waste and scrap industry involve the collection, sorting, and preparation of scrap materials for reuse. This includes activities such as shredding, baling, and compacting the scrap to optimize transportation and smelting. Advanced sorting technologies are often employed to separate ferrous metals from other materials, ensuring the scrap meets the quality specifications required by steel mills and foundries.

Production inputs

The key inputs for the ferrous waste and scrap industry are, of course, the scrap materials themselves. This includes a wide range of ferrous metal products that have reached the end of their useful life, such as 721420 Angles, shapes and sections of iron or non-alloy steel, 730110 Sheet piling of iron or steel, and 730120 Railway or tramway track construction material of iron or steel. In addition, the industry relies on specialized equipment and machinery for the collection, sorting, and processing of the scrap.

Production outputs

The primary output of the ferrous waste and scrap industry is processed scrap metal, which is then consumed by 720410 Waste and scrap of cast iron and 720421 Waste and scrap of stainless steel producers, as well as 720429 Waste and scrap of alloy steel and 720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron or steel, whether or not in bundles manufacturers. This recycled material is a crucial input for the production of new steel and iron products, contributing to the sustainability of the broader metal industry.

Revisions to 720449

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 720449. The most recent 1 version of this code (720449) is in the HS v2022 system (this version):

This page shows the most recent version of code 720449.

Family tree for ferrous waste and scrap; n.e.c. in heading no. 7204

    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/v2022/720449'>720449: Ferrous waste and scrap; n.e.c. in heading no. 7204</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/v2022/720430'>720430: Ferrous waste and scrap; of tinned iron or steel</a>"]
B --> H["<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 --> I["<a href='/classifications/hs/v2022/720450'>720450: Ferrous products; remelting scrap ingots</a>"]

    

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