About HS Code 760200
This HS code covers aluminum waste and scrap, a vital commodity in the global circular economy. It includes various forms such as used beverage cans (UBCs), industrial offcuts, old window frames, and automotive components, all destined for recycling. Importers and exporters are primarily recycling facilities, secondary smelters, and foundries that utilize this material to produce new aluminum products, significantly reducing energy consumption and environmental impact compared to primary aluminum production. Key considerations in trade include the purity of the scrap, the level of contamination, and the specific alloy types present, all of which influence its value and suitability for different recycling processes. Global demand is driven by sustainability initiatives and the economic benefits of recycling.
Products Under This Code
Used beverage cans (UBCs), aluminum extrusion scrap, aluminum sheet scrap, aluminum wire scrap, aluminum casting scrap, aluminum turnings, mixed aluminum scrap
Real World Examples
Novelis aluminum scrap, Constellium aluminum scrap, Sims Metal Management aluminum scrap, EMR Group aluminum scrap
Common Misclassification
This code is distinct from unwrought aluminum (7601) as it specifically refers to material intended for recycling, not primary production from bauxite.
Products Classified Under 7602.00
Industry
This code belongs to the Metals & Metal Products industry.
Trade Overview
China, India, and the USA are major importers of aluminum scrap, while the USA, Germany, and the UK are significant exporters.
Frequently Asked Questions
What is HS code 760200?
HS code 760200 covers: Aluminium; waste and scrap. This HS code covers aluminum waste and scrap, a vital commodity in the global circular economy. It includes various forms such as used beverage cans (UBCs), industrial offcuts, old window frames, and automotive components, all destined for recycling. Importers and exporters are primarily recycling facilities, secondary smelters, and foundries that utilize this material to produce new aluminum products, significantly reducing energy consumption and environmental impact compared to primary aluminum production. Key considerations in trade include the purity of the scrap, the level of contamination, and the specific alloy types present, all of which influence its value and suitability for different recycling processes. Global demand is driven by sustainability initiatives and the economic benefits of recycling.
What products fall under HS code 760200?
Used beverage cans (UBCs), aluminum extrusion scrap, aluminum sheet scrap, aluminum wire scrap, aluminum casting scrap, aluminum turnings, mixed aluminum scrap
What are common misclassifications for HS code 760200?
This code is distinct from unwrought aluminum (7601) as it specifically refers to material intended for recycling, not primary production from bauxite.
How is HS code 760200 structured?
HS code 760200 is a 6-digit subheading under the Harmonized System. The first 2 digits (76) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (00) specify the subheading. This code is standardized globally by the World Customs Organization.