HS Code:
Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated, or coated (HS Code: 7212) encompass a range of steel products that are processed to have a flat surface and are typically used in industries such as construction, automotive, and manufacturing. These products are often coated with materials like zinc (galvanized) or other protective layers to enhance corrosion resistance and durability. They are critical in applications requiring precise dimensions and surface finishes, such as in the production of pipes, tubes, and structural components.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Increased demand for galvanized steel in construction
Rising infrastructure projects in Asia-Pacific and Middle East regions are driving demand for corrosion-resistant flat-rolled steel products.
2021-2023
Shift towards sustainable production
Manufacturers are adopting eco-friendly coating technologies and recycling processes to meet global environmental standards, influencing trade dynamics.
2022-2023
Supply chain disruptions due to geopolitical tensions
Trade flows have been affected by sanctions, export restrictions, and raw material shortages, particularly impacting European markets.
2022
The European Union imposed anti-dumping duties ranging from 18% to 35% on certain flat-rolled steel products from China to protect domestic producers.
April 2023
This has led to a shift in trade flows, with EU importers seeking alternative suppliers from South Korea and Japan.
The United States adjusted tariffs on steel imports under Section 232, offering exemptions to certain allied countries while maintaining restrictions on others.
March 2022
This has resulted in a reconfiguration of supply chains, with increased imports from Canada and Mexico.
China reduced export tax rebates on steel products to focus on domestic supply and environmental goals, impacting global availability.
May 2021
Global prices for flat-rolled steel products have risen due to reduced Chinese exports, benefiting other exporters like South Korea.