HS Code:
The 'Over 0.152 mm in thickness, and not in rolls' category typically refers to flat-rolled products of iron or non-alloy steel, or other metals, with a thickness exceeding 0.152 mm, and not supplied in rolls. These products are often used in industries such as construction, automotive, and manufacturing for structural components, panels, and heavy machinery. This category falls under specific HS Codes such as 7208.51 or 7210.90, depending on the exact material and specifications. Global trade in this category is driven by industrial demand, infrastructure projects, and raw material availability.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Increased demand for high-strength steel plates
Driven by growth in renewable energy projects (e.g., wind turbines) and infrastructure development, leading to higher trade volumes in key exporting countries.
2021-2022
Shift towards sustainable production
Exporters adopting green steel production methods are gaining competitive advantage in markets with strict environmental regulations like the EU.
2022
Rising raw material costs
Higher iron ore and energy prices have increased production costs, affecting export prices and trade margins globally.
2022
The European Union introduced anti-dumping duties ranging from 10-20% on certain steel plate imports from China to protect local manufacturers.
March 2023
Likely to reduce Chinese exports to the EU, redirecting trade flows to other regions like Southeast Asia.
The US Infrastructure Investment and Jobs Act has increased domestic demand for steel plates, prompting higher imports despite Section 232 tariffs.
November 2021
Short-term increase in trade volume to the US, benefiting exporters like South Korea and Japan.
China reduced export tax rebates for certain steel products to focus on domestic supply and environmental goals.
May 2021
Slight reduction in China’s export competitiveness, opening opportunities for other exporters like South Korea.