About HS Code 740400
HS 740400 covers copper waste and scrap, a critical component of the global circular economy for copper. This category includes various forms of discarded or leftover copper and copper alloy materials, such as old wiring, tubing, industrial offcuts, and shredded components, all intended for remelting. The trade in copper scrap is immensely important for sustainability, reducing the need for primary mining and lowering energy consumption and greenhouse gas emissions associated with copper production. Different grades of scrap exist, impacting their value and end-use. Major importers are typically countries with significant secondary refining and manufacturing capacities, seeking cost-effective raw materials, while exporters are often nations with mature industrial bases and robust collection infrastructure. The global scrap market is dynamic, influenced by commodity prices and environmental regulations.
Products Under This Code
Copper wire scrap, copper tubing scrap, brass scrap, bronze scrap, insulated copper wire scrap, copper turnings, shredded copper
Real World Examples
ISRI grade 'Berry' (No. 1 bare bright copper wire), ISRI grade 'Birch' (No. 2 copper wire), ELV (End-of-Life Vehicle) copper scrap
Common Misclassification
This code is for copper waste and scrap intended for remelting; it should not be confused with unwrought copper (7403xx) which is a primary refined product, or copper ores (260300).
Products Classified Under 7404.00
Industry
This code belongs to the Metals & Metal Products industry.
Trade Overview
China, India, and Germany are major importers of copper scrap, while the United States and Europe are significant exporters.
Frequently Asked Questions
What is HS code 740400?
HS code 740400 covers: Copper; waste and scrap. HS 740400 covers copper waste and scrap, a critical component of the global circular economy for copper. This category includes various forms of discarded or leftover copper and copper alloy materials, such as old wiring, tubing, industrial offcuts, and shredded components, all intended for remelting. The trade in copper scrap is immensely important for sustainability, reducing the need for primary mining and lowering energy consumption and greenhouse gas emissions associated with copper production. Different grades of scrap exist, impacting their value and end-use. Major importers are typically countries with significant secondary refining and manufacturing capacities, seeking cost-effective raw materials, while exporters are often nations with mature industrial bases and robust collection infrastructure. The global scrap market is dynamic, influenced by commodity prices and environmental regulations.
What products fall under HS code 740400?
Copper wire scrap, copper tubing scrap, brass scrap, bronze scrap, insulated copper wire scrap, copper turnings, shredded copper
What are common misclassifications for HS code 740400?
This code is for copper waste and scrap intended for remelting; it should not be confused with unwrought copper (7403xx) which is a primary refined product, or copper ores (260300).
How is HS code 740400 structured?
HS code 740400 is a 6-digit subheading under the Harmonized System. The first 2 digits (74) identify the chapter, digits 3-4 (04) identify the heading, and digits 5-6 (00) specify the subheading. This code is standardized globally by the World Customs Organization.