HS Code:
The 'Angles' category, typically classified under HS Code 7216, encompasses iron or non-alloy steel angles, shapes, and sections. These products are widely used in construction, infrastructure, and manufacturing industries for structural support and framing. This category includes a variety of profiles such as L-shaped angles, U-channels, and other structural shapes that are critical for building and industrial applications. Global trade in this category is influenced by factors such as raw material availability, construction demand, and industrial output in key regions.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries on imports to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for sustainable steel production
Increased investment in green steel technologies and recycling, affecting supply chains and pricing
2021-2023
Growth in infrastructure projects in Asia-Pacific
Higher demand for angles and structural steel in countries like India and Indonesia, boosting export opportunities for major producers
2020-2022
Fluctuating raw material prices
Volatility in iron ore and scrap metal prices has led to unstable production costs, impacting trade margins
2022
The European Union introduced additional anti-dumping duties ranging from 10-20% on Chinese steel angles to protect domestic manufacturers from unfair pricing practices.
March 2023
Likely to reduce Chinese exports to the EU, redirecting trade flows to other regions such as Southeast Asia.
The US government's $1.2 trillion infrastructure bill has increased demand for steel angles and shapes for construction projects, encouraging local production and imports from allied nations.
November 2021
Expected to increase trade volume with countries like Canada and South Korea under favorable trade agreements.
China implemented export restrictions on certain steel products, including angles, to prioritize domestic supply and reduce carbon emissions under its environmental goals.
July 2022
Global supply shortages and price hikes, benefiting alternative exporters like Turkey and India.