Subheading · Section XV

7204.50: Ferrous waste and scrap: remelting scrap ingots

7204.50

Official description Remelting scrap ingots

  • FreeUK
  • FreeEU
  • 30%Türkiye
  • FreeUSA
  • US$62.8mWorld trade in 2024

Subheading 7204.50 belongs to heading 7204 (ferrous waste and scrap; remelting scrap ingots of iron or steel) in chapter 72.

The UK Global Tariff has one tariff line for subheading 7204.50; the duty is duty-free.

Subheading 7204.50 is a single line in the EU Combined Nomenclature, where the duty is duty-free.

The Turkish Customs Tariff Schedule divides subheading 7204.50 into 2 tariff lines; the statutory rate is 30%.

Subheading 7204.50 is a single line in the Harmonized Tariff Schedule of the United States, where the duty is duty-free.

In 2024, countries exported these goods worth US$62.8m (−8.6% year on year).

The largest exporter was Sweden (US$6m), followed by Poland.

The biggest buyer was Germany, with imports of US$8.3m.

The United Kingdom ranked 11th among 56 exporters with US$2.4m; its largest buyer was Kenya.

The United Kingdom imported US$2.6m, most of it from Germany.

Duty rates compared

UK Free Third-country duty 1 tariff line EU Free Third-country duty 1 tariff line Türkiye 30% Statutory rate (Law 474) 2 tariff lines USA Free General (MFN) 1 tariff line

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

UK Global Tariff

UK lines →
  1. 7204 50 00 00 Remelting scrap ingots Free

EU Combined Nomenclature

EU lines →
  1. 7204 50 00 Remelting scrap ingots Free—

Turkish Customs Tariff Schedule

Türkiye lines →

This line has no official text in this language; it is shown in the language of its tariff.

  1. 7204.50 Döküntü ve hurdaların yeniden ergitilmesi suretiyle elde edilen külçeler:
  2. 7204.50.00.10.00 Alaşımlı çelikten olanlar 30%
  3. 7204.50.00.90.00 Diğerleri 30%

Harmonized Tariff Schedule of the United States

USA lines →
  1. 7204.50.00.00 Remelting scrap ingots Freet

World trade in 2024

7204.50 · US$62.8m

Trade value (US$) no reported trade < US$416kUS$416k+US$1.8m+US$3.7m+> US$5m

Exports: 56
  1. Sweden: US$6m
  2. Poland: US$5m
  3. China: US$4.8m
  4. Spain: US$4.2m
  5. France: US$4m
  6. Syria: US$3.7m
  7. Germany: US$3.4m
  8. United Arab Emirates: US$3.3m
  9. Netherlands: US$2.6m
  10. Austria: US$2.5m
  11. United Kingdom: US$2.4m
  12. Kazakhstan: US$2.2m
  13. Italy: US$1.9m
  14. United States: US$1.8m
  15. Romania: US$1.7m
  16. Ukraine: US$1.2m
  17. Latvia: US$1.2m
  18. South Africa: US$1.1m
  19. Russia: US$1.1m
  20. Türkiye: US$970.3k
  21. Algeria: US$891.6k
  22. Portugal: US$844.3k
  23. New Zealand: US$794k
  24. Czechia: US$613.1k
  25. Slovakia: US$533.2k
  26. Switzerland: US$501.9k
  27. Hungary: US$489k
  28. Philippines: US$416k
  29. Singapore: US$354.5k
  30. Japan: US$305.8k
  31. South Korea: US$253.3k
  32. Azerbaijan: US$252.3k
  33. Taiwan: US$233.7k
  34. Iceland: US$229.8k
  35. Lithuania: US$209.3k
  36. Mozambique: US$155k
  37. Guatemala: US$148.2k
  38. Indonesia: US$144.3k
  39. Canada: US$124.4k
  40. Brazil: US$106.2k
  41. Vietnam: US$74.6k
  42. Belgium: US$71.6k
  43. Lebanon: US$63.3k
  44. Georgia: US$33.8k
  45. Uzbekistan: US$27.9k
  46. Mexico: US$21.1k
  47. Bolivia: US$16.9k
  48. Thailand: US$13.7k
  49. Australia: US$12k
  50. Dominican Republic: US$6.9k
  51. Kyrgyzstan: US$6.3k
  52. Zambia: US$3.7k
  53. Liberia: US$1.1k
  54. India: US$1k
  55. Honduras: US$200
  56. Malaysia: US$0

Top exporters

RankCountryValueShare
1 Sweden US$6m 9.6%
2 Poland US$5m 7.9%
3 China US$4.8m 7.6%
4 Spain US$4.2m 6.6%
5 France US$4m 6.3%
6 Syria US$3.7m 5.8%
7 Germany US$3.4m 5.4%
8 United Arab Emirates US$3.3m 5.3%
9 Netherlands US$2.6m 4.1%
10 Austria US$2.5m 3.9%

Top importers

RankCountryValueShare
1 Germany US$8.3m 13.2%
2 Netherlands US$7.1m 11.3%
3 Kenya US$6.8m 10.8%
4 Türkiye US$5.5m 8.8%
5 United States US$4.8m 7.6%
6 Finland US$4.4m 7%
7 Austria US$3.6m 5.7%
8 Spain US$3.2m 5.1%
9 United Kingdom US$2.6m 4.1%
10 France US$2.5m 4%

Questions and answers

What is the HS code for ferrous waste and scrap: remelting scrap ingots?

Ferrous waste and scrap: remelting scrap ingots fall under HS subheading 7204.50, part of heading 7204, in section XV of the Harmonized System.

What is the import duty on ferrous waste and scrap: remelting scrap ingots in the UK?

Under the UK Global Tariff, imports under 7204.50 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on ferrous waste and scrap: remelting scrap ingots in the EU?

Under the EU Combined Nomenclature, imports under 7204.50 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most ferrous waste and scrap: remelting scrap ingots?

Sweden, with US$6m in 2024 (9.6% of world exports).