About HS Code 262040
This category encompasses slag, ash, and residues predominantly containing aluminium, excluding those from iron or steel production. These materials are vital for the secondary aluminium industry, which relies heavily on recycling to reduce energy consumption and environmental impact compared to primary aluminium production. The trade in these residues supports a circular economy, transforming industrial by-products into valuable resources. Importers are typically secondary aluminium producers, foundries, and specialized recycling plants seeking cost-effective raw materials. Exporters include primary aluminium smelters, die-casting operations, and waste processors. Critical aspects of this trade involve assessing the aluminium content, managing impurities like magnesium or iron, and adhering to environmental regulations governing the transport and processing of industrial residues.
Products Under This Code
Aluminium dross, aluminium slag, spent pot lining (SPL) residues, aluminium ash, aluminium foundry waste, aluminium swarf residues
Real World Examples
Rusal aluminium dross, Alcoa spent pot lining, Hydro aluminium residues, Novelis recycling inputs
Common Misclassification
Often confused with 760200 (aluminium waste and scrap) if the material is directly recyclable without extensive processing, or 262099 for mixed metal residues.
Products Classified Under 2620.40
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
Major importers include India, China, and European countries; key exporters are often large aluminium producing nations.
Frequently Asked Questions
What is HS code 262040?
HS code 262040 covers: Slag, ash and residues; (not from the manufacture of iron or steel), containing mainly aluminium. This category encompasses slag, ash, and residues predominantly containing aluminium, excluding those from iron or steel production. These materials are vital for the secondary aluminium industry, which relies heavily on recycling to reduce energy consumption and environmental impact compared to primary aluminium production. The trade in these residues supports a circular economy, transforming industrial by-products into valuable resources. Importers are typically secondary aluminium producers, foundries, and specialized recycling plants seeking cost-effective raw materials. Exporters include primary aluminium smelters, die-casting operations, and waste processors. Critical aspects of this trade involve assessing the aluminium content, managing impurities like magnesium or iron, and adhering to environmental regulations governing the transport and processing of industrial residues.
What products fall under HS code 262040?
Aluminium dross, aluminium slag, spent pot lining (SPL) residues, aluminium ash, aluminium foundry waste, aluminium swarf residues
What are common misclassifications for HS code 262040?
Often confused with 760200 (aluminium waste and scrap) if the material is directly recyclable without extensive processing, or 262099 for mixed metal residues.
How is HS code 262040 structured?
HS code 262040 is a 6-digit subheading under the Harmonized System. The first 2 digits (26) identify the chapter, digits 3-4 (20) identify the heading, and digits 5-6 (40) specify the subheading. This code is standardized globally by the World Customs Organization.