HS Code:
The category 'Containing by weight more than 2 percent but not more than 4 percent of carbon' typically falls under specific HS codes related to ferro-alloys or other steel-related products (likely under HS Chapter 72). This category includes materials such as certain types of ferro-carbon alloys used in steel production and other industrial applications. These products are critical in metallurgical processes for adjusting carbon content in steel to achieve desired properties like strength and durability. Global trade in this category is driven by demand from steel manufacturing industries, particularly in regions with significant infrastructure development and industrial output.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or specific WTO commitments)
Rising demand from infrastructure projects
Increased trade volume due to global urbanization and infrastructure investments, particularly in Asia-Pacific and Africa
2021-2022
Shift toward sustainable production
Growing preference for low-carbon production methods is influencing trade patterns, with higher costs for non-compliant producers
2022
Supply chain disruptions
Geopolitical tensions and logistics challenges have led to price volatility and regional trade imbalances
2020-2022
The European Union introduced anti-dumping duties on ferro-alloy imports from certain Asian countries to protect domestic producers.
March 2023
Expected to reduce import volumes from affected countries by 10-15%, redirecting trade to other regions.
China announced tighter export controls on ferro-alloys to prioritize domestic steel production amid global supply shortages.
July 2022
Increased global prices by approximately 8% and shifted demand to alternative suppliers like India and Russia.
A new trade agreement among several Asia-Pacific nations reduced tariffs on ferro-alloys, boosting regional trade.
January 2023
Trade volume within the region is expected to grow by 5% annually over the next three years.