Tools commonly used in the Metal Buyers (Wholesale) industry for day-to-day tasks and operations.

• Metal shears
• Wire strippers
• Magnetometers
• Scales
• Grapples
• Forklifts
• Cranes
• Balers
• Shredders
• Torch cutters
• Hydraulic presses
• Metal analyzers
• Metal detectors
• Sorting machines
• Conveyor belts
• Dumpsters
• Trucks
• Trailers
• Pallet jacks

Common products and services typical of NAICS Code 423930-11, illustrating the main business activities and contributions to the market.

• Copper wire
• Aluminum cans
• Brass fixtures
• Stainless steel sinks
• Iron pipes
• Lead batteries
• Zinc sheets
• Nickel alloys
• Titanium scrap
• Gold-plated circuit boards
• Silver coins
• Platinum jewelry
• Bronze statues
• Tin cans
• Magnesium castings
• Cobalt powders
• Tungsten carbide inserts
• Palladium catalysts
• Rhodium wire

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 certification 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 ID Number: This is a unique identification number assigned to facilities that generate hazardous waste. It is required by the Environmental Protection Agency (EPA).
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It is provided by the Department of Transportation (DOT).
• ISRI Scrap Specifications Circular: This circular provides guidelines for the trading of scrap commodities and is used by the Institute of Scrap Recycling Industries (ISRI).

A concise historical narrative of NAICS Code 423930-11 covering global milestones and recent developments within the United States.

• The "Metal Buyers (Wholesale)" industry has a long history dating back to the Bronze Age when copper and tin were first combined to create bronze. The industry has since grown and evolved, with notable advancements including the development of new alloys and the use of metal in various industries such as construction, transportation, and electronics. In the United States, the industry saw significant growth during World War II when metal was in high demand for military purposes. In recent years, the industry has faced challenges such as fluctuating metal prices and increased competition from overseas markets. However, advancements in technology and the growing demand for sustainable materials have created new opportunities for the industry to thrive.

The anticipated future trajectory of the NAICS 423930-11 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 Metal Buyers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for recycled metals. The growing awareness of the environmental benefits of recycling and the need to reduce carbon emissions is driving the demand for recycled metals. Additionally, the increasing demand for metals in various industries such as construction, automotive, and aerospace is expected to boost the growth of the industry. The industry is also expected to benefit from the development of new technologies that make the recycling process more efficient and cost-effective.

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

• Use of Artificial Intelligence (AI) and Machine Learning (ML) in the sorting and processing of scrap metals to improve efficiency and reduce costs.
• Development of new technologies for the extraction of rare earth metals from electronic waste.
• Use of blockchain technology to improve transparency and traceability in the recycling process.
• Development of new methods for the recycling of lithium-ion batteries.
• Use of drones for the inspection and monitoring of scrap metal yards to improve safety and efficiency.