Overview This page contains the latest trade data of Scrap Iron. In 2021, Scrap Iron were the world's 77th most traded product, with a total trade of $56.6B. Between 2020 and 2021 the exports of Scrap Iron grew by 70.7%, from $33.1B to $56.6B. Trade in Scrap Iron represent 0.27% of total world trade.
Scrap Iron are a part of Iron & steel. They include Ferrous waste or scrap, nes, Waste or scrap, of stainless steel, Waste from the mechanical working of iron or steel ne, Waste or scrap, of alloy steel, other than stainless, Waste or scrap, of cast iron, Waste or scrap, of tinned iron or steel, and Remelting scrap ingots, of iron or steel.
Tariffs In 2018 the average tariff for Scrap Iron was 2.64%, making it the 1179th lowest tariff using the HS4 product classification.
Ranking Scrap Iron ranks 716th in the Product Complexity Index (PCI).
Description Ferrous waste and scrap are used in the production of steel. They can be made from iron or steel, and can include slag, scale, and other waste from the production of iron or steel.