NAICS Code 423930-20 - Scrap Metals-Processing/Recycling (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423930-20
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NAICS Code 423930-20 Description (8-Digit)

Scrap Metals-Processing/Recycling (Wholesale) is an industry that involves the wholesale distribution of scrap metals that are processed and recycled. This industry is responsible for collecting, sorting, and processing scrap metals from various sources such as construction sites, manufacturing plants, and demolition sites. The processed scrap metals are then sold to manufacturers who use them to produce new products. This industry plays a crucial role in reducing the amount of waste that ends up in landfills and conserving 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-Processing/Recycling (Wholesale) industry for day-to-day tasks and operations.

  • Shears
  • Grapples
  • Magnets
  • Balers
  • Shredders
  • Crushers
  • Granulators
  • Conveyors
  • Separators
  • Melting furnaces
  • Torch cutters
  • Plasma cutters
  • Hydraulic presses
  • Wire strippers
  • Scales
  • Forklifts
  • Loaders
  • Dump trucks
  • Trailers

Industry Examples of Scrap Metals-Processing/Recycling (Wholesale)

Common products and services typical of NAICS Code 423930-20, 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
  • Magnesium castings
  • Catalytic converters
  • Radiators
  • Electric motors
  • Circuit boards
  • Insulated wires
  • Steel beams
  • Car rims
  • Metal roofing
  • Metal furniture
  • Metal sculptures

History

A concise historical narrative of NAICS Code 423930-20 covering global milestones and recent developments within the United States.

  • The scrap metal industry has been around for centuries, with the first recorded use of scrap metal dating back to ancient times. However, the modern scrap metal industry began to take shape in the 19th century with the advent of industrialization. During this time, scrap metal became a valuable commodity as it could be melted down and reused in the production of new goods. The industry continued to grow throughout the 20th century, with the development of new technologies and the increasing demand for recycled materials. In recent years, the industry has faced challenges due to fluctuations in commodity prices and changes in global trade policies. In the United States, the industry has also been impacted by increased regulation and environmental concerns.