The primary Standard Industrial Classification (SIC) code associated with industries that deal with iron and iron products is 5051, which encompasses Metals Service Centers and Offices. While iron itself is a material and not a direct SIC code, this classification covers businesses involved in the wholesale distribution of iron, steel, and other metal products.
Understanding SIC Code 5051 for Iron Products
SIC code 5051 broadly defines industries engaged in providing metal products, including various forms of iron, to other businesses. These service centers and offices act as intermediaries, stocking and distributing raw and semi-finished metal materials.
This general classification includes a range of more specific activities related to iron and its derived products. Here's a breakdown of relevant iron-related categories under SIC 5051:
| SIC Code (Sub-category) | Description |
|---|---|
| 50510200 | Iron and steel (ferrous) products |
| 50510201 | Bearing piles, iron or steel |
| 50510202 | Black plate, iron or steel |
| 50510203 | Cast iron pipe |
These sub-categories illustrate the diverse ways iron is handled and distributed within the scope of SIC 5051.
Scope of Metals Service Centers and Offices (SIC 5051)
Businesses falling under SIC 5051 typically perform a variety of services, including:
- Stocking a wide array of metal products: This includes sheets, plates, bars, rods, pipes, and other forms of iron and steel.
- Processing materials: Many centers offer initial processing such as cutting, slitting, shearing, and bending to meet customer specifications.
- Distribution and logistics: They manage the storage and timely delivery of metal products to manufacturing firms, construction companies, and other industrial users.
- Wholesale operations: Their primary function is the wholesale trade of metals, serving as a crucial link between metal producers and end-users.
For more detailed information on this industry, you can refer to the SIC Industry Description for 5051.
