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HSChapter 72
U.S. imports of remelting scrap ingots of iron or steel (HS 720450) totaled $53K in April 2026, traded with 3 countries.
Importers of Remelting Scrap Ingots of Iron or Steel paid $19K in duties in April 2026 — an effective duty rate of 35% on $53K in dutiable value, based on actual customs collections rather than the published tariff schedule. Remelting Scrap Ingots of Iron or Steel imports of $53K in April 2026 ran 196% above the year-to-date monthly average of $18K.
Last updated: April 2026 dataRemelting scrap ingots are solidified blocks cast from ferrous scrap specifically for remelting — a form that facilitates handling and reduces oxidation losses compared to loose scrap. China leads US imports under this heading, followed by Canada and the Dominican Republic. The single tariff line (7204500000) covers both iron and steel remelting ingots, and importers should distinguish this product from primary pig iron ingots (heading 7201), which are produced from ore rather than recycled scrap and carry different duty treatment.
AI-written summary of the official U.S. Census Bureau trade figures on this page — verify before relying on it.
Pig iron (heading 7201) is produced by smelting iron ore in a blast furnace and is a primary metal product. Remelting scrap ingots (7204.50) are cast from recycled ferrous scrap and are classified as waste and scrap regardless of their ingot shape. The key criterion is the input material — ore-derived versus scrap-derived — not the physical form of the ingot.
Ingot form offers consistent density and known chemistry, reducing furnace charging time and improving melt predictability compared to heterogeneous loose scrap. For foundries with limited scrap-handling infrastructure or strict chemistry windows, remelting ingots provide a more controlled input, though they typically carry a processing premium over equivalent loose grades.
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Monthly import values over time
HS10 import codes under this HS6 parent. Source: U.S. Harmonized Tariff Schedule.
| Code | Description | Import Value | Effective Tariff % | Duty Collected |
|---|---|---|---|---|
| 7204500000 | REMELTING SCRAP INGOTS, FERROUS SCRAP | $53K | 35.00% | $19K |
REMELTING SCRAP INGOTS, FERROUS SCRAP
HS10 export codes under this HS6 parent. Source: U.S. Schedule B export classification.
| Code | Description | Export Value |
|---|---|---|
| 7204500000 | REMELTING SCRAP INGOTS, FERROUS SCRAP | $71K |
REMELTING SCRAP INGOTS, FERROUS SCRAP
105 t
NONALLOY PIG IRON 0.5 PRCNT OR LESS PHOSPHORUS
HS 720110
SEMIFINISHED PRODUCTS OF ALLOY STEEL NOT STAINLESS
HS 722490
SMFD IRN/NAL STL LT .25 PCT CRB RECT CS WID 2X THK
HS 720712
FR IOS NAL 600MM AO W TIN CTD OR PLTD UNDR 0.5MM T
HS 721012
FERROUS WASTE & SCRAP NESOI, TURNINGS, CHIPS ETC
HS 720441
FERROUS WASTE & SCRAP NESOI
HS 720449
| Port | Imports | Exports | Balance |
|---|---|---|---|
| NEWARK, NJ | $53K | -- | -$53K |
| ALEXANDRIA BAY, NY | -- | $46K | +$46K |
| JACKMAN, ME | -- | $25K | +$25K |