Manufacture of basic iron and steel and of ferro-alloys

NACE v2.1 Code: C24.1

About manufacture of basic iron and steel and of ferro-alloys

NACE code 24.1 covers the manufacture of basic iron and steel, as well as ferro-alloys. This industry is a critical component of the broader manufacturing sector, providing essential raw materials and semi-finished products to a wide range of downstream industries. The production of basic iron and steel is a capital-intensive process that requires significant investment in specialized equipment and infrastructure, making it a key driver of economic growth and industrial development.

Production process

The primary production techniques used in this industry involve the smelting and refining of iron ore, scrap metal, and other ferrous materials to produce crude steel and various ferro-alloys. This typically involves the use of blast furnaces, electric arc furnaces, and other advanced metallurgical processes to extract, purify, and shape the final products.

Production inputs

The main inputs required for the manufacture of basic iron and steel and ferro-alloys include iron ore, coal, limestone, and scrap metal. Additionally, this industry relies on specialized machinery, such as blast furnaces, rolling mills, and casting equipment, as well as a skilled workforce with expertise in metallurgy and industrial engineering.

Production outputs

The primary outputs of this industry are basic iron and steel products, including pig iron, crude steel, and various semi-finished forms such as billets, blooms, and slabs. These outputs are then consumed by a wide range of downstream industries, including 24.2 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel, 25.1 Manufacture of structural metal products, and 29.1 Manufacture of motor vehicles, among others.

Revisions to 24.1

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 24.1. The most recent 1 version of this code (24.1) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 24.1.

Family tree for manufacture of basic iron and steel and of ferro-alloys

    graph LR
    A["<a href='/classifications/nace/v2-1/C'>C: MANUFACTURING</a>"]
A --> B["<a href='/classifications/nace/v2-1/C/24'>24: Manufacture of basic metals</a>"]
B --> C["<a href='/classifications/nace/v2-1/C/24/1'>24.1: Manufacture of basic iron and steel and of ferro-alloys</a>"]

    B --> D["<a href='/classifications/nace/v2-1/C/24/2'>24.2: Manufacture of tubes, pipes, hollow profiles and related fittings, of steel</a>"]
B --> E["<a href='/classifications/nace/v2-1/C/24/3'>24.3: Manufacture of other products of first processing of steel</a>"]
B --> F["<a href='/classifications/nace/v2-1/C/24/4'>24.4: Manufacture of basic precious and other non-ferrous metals</a>"]
B --> G["<a href='/classifications/nace/v2-1/C/24/5'>24.5: Casting of metals</a>"]

    C --> H["<a href='/classifications/nace/v2-1/C/24/10'>24.10: Manufacture of basic iron and steel and of ferro-alloys</a>"]


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class C level3
class D level3
class E level3
class F level3
class G level3
class H level4

  class C highlight

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  %% class C highlight