HS Code:
Flat-rolled products of other alloy steel, of a width of 600 mm or more (HS Code: 7225) refer to steel products that have been rolled into flat sheets or strips, made from alloy steel other than stainless steel. These products are widely used in industries such as automotive, construction, and heavy machinery manufacturing due to their strength, durability, and specific alloy properties tailored for various applications. This category excludes products of stainless steel and other specific alloy types classified elsewhere.
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 on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA or USMCA)
Growing demand in automotive sector
Increased use of high-strength alloy steel for lightweight vehicle components to meet fuel efficiency standards has boosted trade volume, especially in Asia-Pacific.
2021-2022
Shift towards sustainable production
Rising adoption of green steel production methods in Europe and North America is influencing trade patterns, with preference for low-carbon footprint products.
2022
Supply chain disruptions
Geopolitical tensions and post-COVID recovery challenges have led to fluctuating prices and delayed shipments, impacting trade stability.
2020-2022
The European Union introduced provisional anti-dumping duties ranging from 10-20% on flat-rolled alloy steel imports from China to protect domestic producers.
March 2023
Expected to reduce Chinese exports to the EU by 15-20%, redirecting trade flows to other regions like Southeast Asia.
The United States reviewed its Section 232 tariffs on steel imports, maintaining a 25% rate on certain alloy steel products but offering exemptions for key allies.
June 2022
Stabilizes import costs for exempted countries while continuing to protect domestic industry, affecting trade volumes from non-exempt countries.
Japan and South Korea agreed to reduce tariffs on alloy steel products under an expanded bilateral trade framework, boosting mutual exports.
September 2023
Likely to increase trade volume between the two nations by 10% in the next two years, strengthening Asian market integration.