Group 242 - Manufacture of basic precious and other non-ferrous metals

Group 242 sits in the PSIC 2019 hierarchy under C Manufacturing > 24 MANUFACTURE OF BASIC METALS 'This division includes the activities of smelting and/or refining ferrous and non- ferrous metals from ore, pig or scrap, using electrometallurgic and other process metallurgic techniques. This division also includes the manufacture of metal alloys and super-alloys by introducing other chemical elements to pure metals. The output of smelting and refining, usually in ingot form, is used in rolling, drawing and extruding operations to make products, such as plate, sheet, strip, bars, rods, wire, tubes, pipes and hollow profiles, and in molten form to make castings and other basic metal products.. This group usually narrows the choice to a small family of classes such as Gold and other precious metal refining, Non-ferrous Smelting and Refining, except Precious Metals, and Non-ferrous Rolling, Drawing and Extrusion Mills. It is useful when two or three neighboring activities look similar but should not be collapsed into one code.

This group is used when reviewers compare a short list of classes such as Gold and other precious metal refining, Non-ferrous Smelting and Refining, except Precious Metals, and Non-ferrous Rolling, Drawing and Extrusion Mills and need to decide which family is the closest fit. It is common in internal classification review and administrative lookup work.

Use this group when the activity sits between similar classes such as Gold and other precious metal refining, Non-ferrous Smelting and Refining, except Precious Metals, and Non-ferrous Rolling, Drawing and Extrusion Mills. The safest choice is the one whose wording matches the actual production, service or operating model most closely.