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HSChapter 72
U.S. imports of no. 1 bundles steel scrap (HS 7204410020) totaled $52.0M in June 2026, traded with 6 countries.
No. 1 Bundles is a recognized ferrous scrap grade defined by the Institute of Scrap Recycling Industries (ISRI), consisting of clean, compressed steel no thicker than a specified gauge — a premium feedstock for electric arc furnace (EAF) steelmaking. Classified at 7204410020, this grade commands a price premium over lower-quality scrap because of its consistent chemistry and density. Steel scrap imports are subject to Section 232 tariffs, making origin and quota status critical considerations for buyers sourcing from non-exempt countries.
AI-written summary of the official U.S. Census Bureau trade figures on this page — verify before relying on it.
ISRI defines No. 1 Bundles as compressed or hand-bundled steel scrap, free of metallic coatings and other contaminants, meeting specific thickness and size requirements. Meeting this grade specification is important not only for pricing but for correct classification at 7204410020 versus other ferrous scrap lines.
Yes. Ferrous scrap, including No. 1 Bundles, is subject to Section 232 tariffs unless the country of origin has been granted an exemption or alternative arrangement. Importers should verify the current status of any applicable exemptions with CBP or a licensed customs broker before finalizing sourcing decisions.
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Monthly import values over time
| Country | Imports | Exports | Balance |
|---|---|---|---|
| CANADA | $27.5M | $169K | -$27.4M |
| NETHERLANDS | $13.4M | -- | -$13.4M |
| MEXICO | $11.1M | $386K | -$10.7M |
| INDIA | -- | $141K | +$141K |
| KOREA, SOUTH | -- | $93K | +$93K |
No geographic breakdown available
U.S. trade for this product is not broken down by state or port in the latest Census Bureau release.