HS Code:
The Non-threaded Articles category, classified under HS Code 7318 (which includes screws, bolts, nuts, washers, and similar articles of iron or steel, excluding threaded items), encompasses a wide range of essential industrial and construction components. These products are critical in various applications, including machinery assembly, infrastructure projects, and automotive manufacturing. Non-threaded articles are valued for their durability, resistance to corrosion (when coated or made from stainless steel), and versatility in fastening solutions where threading is not required. This category plays a vital role in global supply chains, supporting industries with reliable and cost-effective fastening solutions.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
31.6% of total trade of total trade
Increasing
USD 2.1 billion
13.8% of total trade of total trade
Stable
USD 1.9 billion
12.5% of total trade of total trade
Increasing
USD 1.3 billion
8.6% of total trade of total trade
Stable
USD 0.9 billion
5.9% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12.5% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA or USMCA)
Shift towards sustainable materials
Growing demand for non-threaded articles made from recycled steel or eco-friendly coatings to meet environmental regulations, particularly in the EU and North America.
2021-2022
Automation in manufacturing
Increased production efficiency and lower costs due to automation and precision manufacturing technologies, especially in East Asian countries like China and South Korea.
2020-2022
Rising demand from renewable energy sector
Surge in demand for non-threaded fasteners used in wind turbine and solar panel installations, boosting trade volumes in countries with strong renewable energy investments.
2022
The United States introduced additional tariffs on Chinese non-threaded steel articles under Section 301, citing unfair trade practices and overcapacity in the Chinese steel market.
March 2023
Potential shift in supply chains, with US importers exploring alternative suppliers from countries like Vietnam and Taiwan.
The European Union's Green Deal has led to stricter environmental standards for steel production, encouraging manufacturers of non-threaded articles to adopt sustainable practices.
January 2023
Increased production costs for non-compliant manufacturers, while creating opportunities for eco-certified suppliers.
After significant disruptions due to the COVID-19 pandemic and geopolitical tensions, supply chains for non-threaded articles have started stabilizing with improved shipping logistics and reduced raw material shortages.
Mid-2023
Trade volumes are recovering, with exporters like China and Germany regaining market share in key regions.