NAICS Code 331110-14 - Scrap Metal Products (Manufacturing)

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NAICS Code 331110-14 Description (8-Digit)

Scrap Metal Products (Manufacturing) is a subdivision of the NAICS Code 331110 that involves the manufacturing of metal products from scrap or recycled materials. This industry is responsible for transforming scrap metal into useful products that can be used in various industries. The process of manufacturing scrap metal products involves melting down the metal and then casting it into the desired shape. The products produced by this industry are used in a wide range of applications, including construction, automotive, and manufacturing.

Hierarchy Navigation for NAICS Code 331110-14

Tools

Tools commonly used in the Scrap Metal Products (Manufacturing) industry for day-to-day tasks and operations.

  • Metal shears
  • Hydraulic balers
  • Shredders
  • Grapples
  • Magnets
  • Torch cutters
  • Plasma cutters
  • Welding machines
  • Forklifts
  • Cranes

Industry Examples of Scrap Metal Products (Manufacturing)

Common products and services typical of NAICS Code 331110-14, illustrating the main business activities and contributions to the market.

  • Metal pipes
  • Metal beams
  • Metal plates
  • Metal rods
  • Metal bars
  • Metal sheets
  • Metal coils
  • Metal wire
  • Metal tubing
  • Metal angles

Certifications, Compliance and Licenses for NAICS Code 331110-14 - Scrap Metal Products (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • OSHA 10-Hour General Industry Training: This training program provides workers with an understanding of common safety and health hazards in the workplace. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA Hazardous Waste Generator: This permit is required for companies that generate hazardous waste. It is provided by the Environmental Protection Agency (EPA).
  • National Association Of Demolition Contractors (NADC) Certification: This certification ensures that the company has the necessary skills and knowledge to safely and efficiently demolish structures. It is provided by the National Association of Demolition Contractors (NADC).
  • Institute Of Scrap Recycling Industries (ISRI) Certification: This certification ensures that the company follows industry best practices for recycling scrap metal. It is provided by the Institute of Scrap Recycling Industries (ISRI).

History

A concise historical narrative of NAICS Code 331110-14 covering global milestones and recent developments within the United States.

  • The "Scrap Metal Products (Manufacturing)" industry has a long history dating back to the early 19th century when the first iron and steel mills were established in the United States. The industry has since grown and evolved, with notable advancements such as the development of electric arc furnaces in the 20th century, which allowed for more efficient and cost-effective production of steel. In recent years, the industry has faced challenges such as fluctuating commodity prices and increased competition from overseas markets. However, it has also seen growth in areas such as recycling and sustainability, with companies focusing on reducing waste and improving their environmental impact. In the United States, the "Scrap Metal Products (Manufacturing)" industry has a more recent history, with significant growth occurring in the mid-20th century. This growth was driven by the post-World War II economic boom and the increasing demand for steel and other metal products. In the 21st century, the industry has faced challenges such as the 2008 financial crisis and increased competition from overseas markets. However, it has also seen growth in areas such as technological advancements and automation, which have allowed for more efficient and cost-effective production processes.

Future Outlook for Scrap Metal Products (Manufacturing)

The anticipated future trajectory of the NAICS 331110-14 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Scrap Metal Products (Manufacturing) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for recycled metal products. The industry is also expected to benefit from the growing focus on sustainability and the need to reduce carbon emissions. The increasing use of advanced technologies such as automation and robotics is also expected to drive growth in the industry. However, the industry may face challenges such as the volatility of metal prices and the increasing competition from low-cost imports. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 331110-14

Recent groundbreaking advancements and milestones in the Scrap Metal Products (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Advanced Sorting Technologies: The industry is increasingly using advanced sorting technologies such as X-ray fluorescence (XRF) and laser-induced breakdown spectroscopy (LIBS) to sort and separate different types of metals. This has led to increased efficiency and accuracy in the recycling process.
  • Development Of New Alloys: The industry is constantly developing new alloys that offer better performance and durability. For example, the development of high-strength, lightweight alloys has led to increased demand from the automotive and aerospace industries.
  • Use Of 3D Printing: The industry is exploring the use of 3D printing to manufacture metal products. This technology offers several advantages such as reduced waste, increased design flexibility, and faster production times.
  • Adoption Of Automation and Robotics: The industry is increasingly adopting automation and robotics to improve efficiency and reduce labor costs. This has led to increased productivity and reduced lead times.
  • Focus on Sustainability: The industry is placing a growing emphasis on sustainability and the need to reduce carbon emissions. This has led to increased investment in renewable energy sources such as solar and wind power, as well as the development of new recycling technologies.

NAICS Code 331110-14 - Scrap Metal Products (Manufacturing)

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