HS Code:
The category 'Containing 25 percent or more by weight of silicon' (likely falling under HS Code 7202.21 for ferro-silicon) pertains to ferroalloys, specifically ferro-silicon, which is an alloy of iron and silicon used primarily in steelmaking as a deoxidizer and alloying agent. This category is critical in industries requiring high-strength materials, such as automotive and construction. Ferro-silicon with 25% or more silicon content is particularly valued for its ability to improve the strength and quality of steel and cast iron.
Total Trade Volume
Approximately 8.5 million metric tons
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
5.2 million metric tons
61.2% of total trade of total trade
Increasing
0.9 million metric tons
10.6% of total trade of total trade
Stable
0.6 million metric tons
7.1% of total trade of total trade
Increasing
0.5 million metric tons
5.9% of total trade of total trade
Stable
0.4 million metric tons
4.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
25% (imposed by certain developing countries on imports)
Lowest Rate
0% (under free trade agreements like EU-Norway or USMCA)
Rising demand in green steel production
Increased use of ferro-silicon in low-carbon steelmaking processes as industries shift toward sustainable practices.
2021-2023
Energy cost fluctuations
Higher electricity costs in key producing regions like China and Norway have led to price volatility for ferro-silicon.
2022-2023
Growth in automotive and infrastructure sectors
Increased steel demand for electric vehicles and global infrastructure projects boosts ferro-silicon consumption.
2020-2023
The European Union extended anti-dumping duties on ferro-silicon imports from China to counteract unfair pricing practices.
March 2023
European steelmakers face higher input costs, while alternative suppliers like Norway and Brazil gain market share.
China introduced stricter export controls on ferro-silicon to prioritize domestic steel production amidst global supply chain disruptions.
October 2022
Global prices surged, affecting steel manufacturers in importing countries like Japan and South Korea.
Norwegian producers invested in renewable energy sources for ferro-silicon production to meet EU environmental standards.
January 2023
Strengthened Norwayโs position as a sustainable supplier, potentially increasing its export share in eco-conscious markets.