HS Code:
The category 'Of a thickness of less than 3 mm' typically pertains to flat-rolled products of iron, non-alloy steel, or other metals under HS Code 7209 or similar classifications (specific HS code not provided in query). These products are widely used in industries such as automotive, construction, and manufacturing for applications requiring thin metal sheets, including body panels, appliances, and packaging materials. This category is critical in global trade due to its extensive industrial applications and high demand across various sectors.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries for market protection)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for lightweight materials in automotive sector
Increased trade volume as manufacturers seek thinner, high-strength steel for fuel efficiency and emission reduction
2021-2023
Shift towards sustainable production practices
Higher costs but growing preference for eco-friendly steel production, influencing trade patterns with stricter regulations in Europe and North America
2022-2023
Supply chain disruptions due to geopolitical tensions
Price volatility and regional shortages, particularly affecting imports from major producers like China and Russia
2022
The European Union extended its safeguard measures on steel imports, including products of less than 3 mm thickness, to prevent market disruption from oversupply.
June 2023
Reduced import volumes from non-EU countries, potentially increasing prices in the region.
Negotiations between the US and China led to a temporary reduction in tariffs on specific steel categories, including thin-rolled products, to ease trade tensions.
March 2023
Increased exports from China to the US, stabilizing prices for American manufacturers.
New rolling technologies have enabled the production of thinner, stronger steel sheets, boosting demand in high-tech industries.
September 2022
Shift in trade patterns as countries with advanced technology gain competitive advantage.