HS Code:
The category 'Of a width less than 51 mm, in coils' typically refers to narrow strips of metal, often steel or aluminum, wound into coils. These products are widely used in industries such as automotive, construction, and manufacturing for applications requiring precision and flexibility, such as springs, fasteners, and electrical components. The Harmonized System (HS) Code for this category is often a subheading under broader metal strip classifications (e.g., 7211.29 or 7606.12, depending on material). Global trade in this category is influenced by industrial demand, raw material availability, and regional manufacturing capabilities.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for lightweight materials in automotive sector
Increased imports of aluminum coils under 51 mm width for electric vehicle production, boosting trade volumes by 8% annually
2021-2022
Shift towards sustainable production
Growing preference for recycled metal coils, influencing trade patterns towards suppliers with green certifications
2022
Supply chain disruptions due to geopolitical tensions
Delays and price increases in metal coil exports from key regions like Eastern Europe, affecting global availability
2022
The European Union introduced anti-dumping duties ranging from 10-12% on narrow metal coils from China and South Korea to protect domestic producers.
March 2023
Expected to reduce imports from affected countries by 15%, potentially increasing trade with alternative suppliers like Turkey and India.
Revised rules under the USMCA have lowered tariffs on metal coils under 51 mm width between the US, Canada, and Mexico, promoting regional trade.
January 2023
Trade volume within North America projected to rise by 10% in 2023 due to reduced costs.
New precision rolling technologies have improved the quality of narrow metal coils, increasing demand in high-tech industries.
June 2023
Countries with advanced manufacturing like Japan and Germany may see a boost in exports as quality becomes a competitive factor.