Manufacture of basic iron and steel and of ferro-alloys

NACE v2.1 Code: C24.10

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

NACE code 24.10 covers the manufacture of basic iron and steel, as well as ferro-alloys. This industry is a crucial component of the broader manufacturing sector, providing essential raw materials for 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 significant contributor to the overall economy.

Production process

The primary production techniques used in this industry involve the smelting of iron ore and other raw materials to produce pig iron, which is then further refined and processed into various steel products. This typically involves the use of blast furnaces, basic oxygen furnaces, and electric arc furnaces, as well as a range of rolling, casting, and finishing processes to shape the final steel products.

Production inputs

The main inputs required for the manufacture of basic iron and steel and ferro-alloys include iron ore, coal, limestone, and various other alloying elements such as chromium, manganese, and nickel. Additionally, this industry relies on specialized machinery, such as furnaces, rolling mills, and casting equipment, as well as a skilled workforce to operate and maintain the production facilities.

Production outputs

The primary outputs of this industry are a wide range of basic iron and steel products, including hot-rolled and cold-rolled steel, stainless steel, and various ferro-alloys. These outputs are then consumed by a variety of other industries, such as 25.11 Manufacture of metal structures and parts of structures, 29.10 Manufacture of motor vehicles, and 33.11 Repair of fabricated metal products.

Revisions to 24.10

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 24.10. The most recent 1 version of this code (24.10) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 24.10.

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>"]
C --> D["<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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