NAICS Code 423930-19 - Scrap Metals & Iron (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423930-19 Description (8-Digit)

The Scrap Metals & Iron (Wholesale) industry involves the buying and selling of scrap metals and iron to be recycled and repurposed. This industry is responsible for the collection and distribution of various types of metals, including copper, aluminum, brass, and steel. The scrap metals and iron are typically sourced from various industries, including construction, automotive, and manufacturing. The industry plays a crucial role in the recycling process, as it helps to reduce waste and conserve natural resources.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423930 page

Tools

Tools commonly used in the Scrap Metals & Iron (Wholesale) industry for day-to-day tasks and operations.

  • Magnet
  • Wire Stripper
  • Torch
  • Shears
  • Grapple
  • Crane
  • Forklift
  • Scale
  • Baler
  • Shredder
  • Guillotine Shear
  • Hydraulic Alligator Shear
  • Cable Granulator
  • Radiator Recycling Machine
  • Metal Briquetting Machine
  • Metal Chip Briquetting Machine
  • Metal Swarf Briquetting Machine
  • Metal Powder Briquetting Machine
  • Metal Press Machine

Industry Examples of Scrap Metals & Iron (Wholesale)

Common products and services typical of NAICS Code 423930-19, illustrating the main business activities and contributions to the market.

  • Copper Wire
  • Aluminum Cans
  • Brass Fittings
  • Steel Beams
  • Iron Pipes
  • Stainless Steel Appliances
  • Lead Batteries
  • Zinc Castings
  • Nickel Alloys
  • Titanium Scrap

History

A concise historical narrative of NAICS Code 423930-19 covering global milestones and recent developments within the United States.

  • The "Scrap Metals & Iron (Wholesale)" industry has a long history dating back to the early 19th century when the industrial revolution was in full swing. The demand for iron and steel was high, and the industry was born out of the need to recycle scrap metal and iron to meet the growing demand. The industry grew rapidly during World War II when the government needed scrap metal to produce weapons and other war materials. In recent history, the industry has faced challenges due to the global economic downturn, which led to a decrease in demand for scrap metal and iron. However, the industry has rebounded in recent years due to the growing demand for recycled materials and the increasing focus on sustainability. In the United States, the "Scrap Metals & Iron (Wholesale)" industry has a rich history dating back to the early 1900s. The industry grew rapidly during World War II when the government needed scrap metal to produce weapons and other war materials. In the post-war era, the industry continued to grow as the demand for steel and other metals increased. However, the industry faced challenges in the 1970s and 1980s due to the decline of the US steel industry and the increasing competition from overseas. In recent years, the industry has rebounded due to the growing demand for recycled materials and the increasing focus on sustainability. Today, the industry is a vital part of the US economy, providing jobs and contributing to the country's overall economic growth.