HS Code for Scrap ingots

HS code 7204.50 is designated for remelting scrap ingots of iron or steel. These products are distinct from standard primary ingots because they are produced by melting down ferrous waste and scrap without significant refining or alloying to meet precise industrial specifications. The classification is based on the product's physical characteristics and its intended industrial application. Remelting scrap ingots are typically characterized by a rough, uneven surface, irregular dimensions, and the presence of surface defects like blowholes or slag inclusions. They do not meet the strict chemical composition standards required for ingots classified under heading 72.06. Under the Harmonized System, these are treated as a form of ferrous waste that has been cast into a shape solely for the convenience of storage and transport. The primary requirement for this classification is that the ingots must be destined for remelting in a furnace to recover the metal content for the production of steel or cast iron.

Products Included

• Cast iron remelting ingots
• Alloy steel scrap ingots for remelting
• Roughly cast ferrous blocks from scrap
• Non-standard iron blocks for foundry use
• Secondary steel ingots with high impurity levels

Common Misclassification

The most common misclassification occurs with HS code 72.06, which covers iron and non-alloy steel in ingots or other primary forms. The distinction lies in the quality and purpose; 72.06 is for high-quality primary production, while 7204.50 is for secondary recovery. Another confusion arises with 72.01 (pig iron), which is a primary product of iron ore reduction, whereas remelting scrap ingots are derived from recycled scrap.

FAQ

What is the HS code for scrap ingots?

The HS code for remelting scrap ingots of ferrous metal is 7204.50.

How do scrap ingots differ from pig iron?

Pig iron (72.01) is produced from iron ore in a blast furnace, while scrap ingots (7204.50) are produced by melting recycled ferrous waste.