HS Code:
The category of nonmalleable cast iron (HS Code: 7325.10) includes articles made from nonmalleable cast iron, which is a type of iron that is brittle and cannot be easily shaped or bent. These products are commonly used in industrial applications, such as manhole covers, pipe fittings, and heavy machinery components, due to their durability and resistance to wear. This category is a significant part of the global iron and steel trade, often driven by infrastructure and construction demand.
Total Trade Volume
USD 2.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 900 million
39.1% of total trade
Increasing
USD 500 million
21.7% of total trade
Increasing
USD 250 million
10.9% of total trade
Stable
USD 200 million
8.7% of total trade
Decreasing
USD 150 million
6.5% of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USA)
Rising demand in infrastructure projects
Increased exports from China and India due to urbanization and construction booms in Asia and Africa
2021-2022
Shift towards sustainable production
Higher production costs in Europe due to stricter environmental regulations, affecting competitiveness
2020-2022
Supply chain disruptions
Delays and increased costs due to COVID-19-related logistics challenges and raw material shortages
2020-2021
The European Union introduced anti-dumping tariffs ranging from 8% to 12% on nonmalleable cast iron imports from China to protect domestic manufacturers.
March 2023
Likely to increase costs for EU importers and shift some demand to Indian suppliers.
The Indian government announced new export incentives under the RoDTEP scheme for cast iron products to boost competitiveness in global markets.
January 2023
Expected to further increase Indiaโs market share in this category.
The US Infrastructure Investment and Jobs Act has allocated funds for projects requiring cast iron components, increasing domestic demand.
November 2021
Potential rise in imports despite a push for 'Buy American' policies.