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๐Ÿ“ฆ Other, of circular cross section, of stainless steel

Other, of circular cross section, of stainless steel

HS Code:

๐Ÿ“ฆ

Overview

The category 'Other, of circular cross section, of stainless steel' (HS Code: 730640) refers to tubes, pipes, and hollow profiles made of stainless steel with a circular cross-section, not elsewhere specified or included under other HS codes. These products are widely used in industries such as construction, automotive, energy, and food processing due to their corrosion resistance, durability, and versatility. This category excludes products like seamless tubes or those specifically used for oil and gas pipelines, focusing instead on welded or other forms of stainless steel pipes and tubes for general and industrial applications.

Total Trade Volume

USD 3.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

25% (applied by certain developing countries to protect domestic industries)

Lowest Rate

0% (under free trade agreements like EU-Japan EPA or USMCA)

Common Restrictions

  • Anti-dumping duties on imports from specific countries (e.g., China)
  • Import quotas in some markets to control oversupply
  • Quality certification requirements (e.g., ISO standards)
  • Local content requirements in public procurement

Market Trends

Rising demand in renewable energy sector

Increased use of stainless steel pipes in solar and wind energy infrastructure has boosted trade volumes, especially in Europe and Asia.

2021-2022

Shift towards sustainable production

Manufacturers are adopting greener production methods, influencing export competitiveness and compliance costs in major markets like the EU.

2020-2022

Supply chain disruptions due to geopolitical tensions

Trade flows have been affected by sanctions, raw material shortages, and rising shipping costs, particularly impacting exports from Asia.

2022

Recent Developments

EU Imposes Anti-Dumping Duties on Chinese Stainless Steel Pipes

The European Union imposed anti-dumping duties ranging from 10% to 20% on imports of certain stainless steel tubes and pipes from China to protect domestic producers.

March 2023

This has led to a shift in market share towards European and South Korean suppliers in the EU market.

US Infrastructure Bill Boosts Domestic Demand

The US Infrastructure Investment and Jobs Act has increased demand for stainless steel products for water and energy projects, encouraging imports despite high tariffs.

November 2021

Imports from South Korea and Germany have surged to meet the growing demand.

Chinaโ€™s Export Restrictions on Raw Materials

China introduced export restrictions on certain steel raw materials, impacting the production and export of stainless steel pipes globally.

January 2023

This has caused price volatility and supply shortages in importing countries, prompting diversification of supply chains.