U.S. imports of No. 1 Bundles Steel Scrap (HS 7204410020) totaled $62.6M in August 2026, imported from 6 countries.
No. 1 Bundles Steel Scrap imports of $62.6M in August 2026 ran 11% above the year-to-date monthly average of $56.6M.
Last updated: August 2026 dataNo. 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.
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Average import price $439.90/t · 1.1K import shipments a month
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.
Statistical number 1 of 4 in subheading 720441
Statistical number 7204410020 · $62.6M of $72.1M
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ImportsExports
Imports
$62.6MYoY · free account
Exports
$3.1MYoY · free account
Low of 8 reported months · imports
Low · free accountThrough August 2026 · imports 8 of 12 months reported, exports 8 of 12 months reported. Source: U.S. Census Bureau.
Imports · August 2026
origin
Canada and Netherlands together supply 66% of it.
customs district
None recorded for this period.
destination
Census publishes state breakdowns to the 6-digit level only. See HS 720441 for those.
entry
Census publishes port breakdowns to the 6-digit level only. See HS 720441 for those.
rate provision · imports
None recorded for this period.