HS Code:
The category 'Containing by weight 0.25 percent or more of carbon' typically falls under HS Code 7207 (Semi-finished products of iron or non-alloy steel) or related codes, depending on the specific product. This category includes steel products with a carbon content of 0.25% or more by weight, which are often used as raw materials in the manufacturing of structural components, machinery, and other industrial applications. These products are critical in industries such as construction, automotive, and heavy machinery due to their strength and durability. Global trade in this category is influenced by industrial demand, raw material availability, and geopolitical factors affecting steel production and tariffs.
Total Trade Volume
USD 15.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for high-carbon steel in infrastructure projects
Increased exports from major steel-producing countries like China and South Korea to developing nations with large-scale infrastructure initiatives.
2021-2022
Shift towards sustainable steel production
Growing pressure on producers to adopt low-carbon production methods, affecting cost structures and trade competitiveness in markets with strict environmental regulations.
2020-2022
Impact of global supply chain disruptions
Delays in shipping and raw material shortages have led to price volatility and reduced trade volumes in key markets like the US and EU.
2021-2022
The United States adjusted its Section 232 tariffs on steel imports, replacing blanket tariffs with tariff-rate quotas for certain countries, including those exporting high-carbon steel products.
January 2022
This has led to a slight increase in imports from quota-exempt countries while maintaining restrictions on major exporters like China.
The European Union proposed the Carbon Border Adjustment Mechanism, which will impose a carbon tax on high-carbon steel imports starting in 2026, with a transitional phase from 2023.
July 2021
Exporters to the EU, particularly from countries with high-emission steel industries, may face higher costs, potentially shifting trade flows to other markets.
China reduced export tax rebates for certain steel products, including those with higher carbon content, to curb domestic pollution and prioritize local supply.
May 2021
This policy has slightly reduced China’s export volumes, creating opportunities for other exporters like South Korea and Japan.