HS Code:
The 'Over 685 mm but not over 1,016 mm' category typically pertains to specific steel or aluminum products, such as flat-rolled products, under the Harmonized System (HS) classification. This category often includes materials used in construction, automotive, and industrial applications, with dimensions specified for width. Given the lack of a specific HS Code in the query, this response assumes a general classification related to metal products within this dimensional range. Products in this category are critical for industries requiring precise material specifications for manufacturing and structural purposes.
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 for market protection)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in automotive sector
Increased production of lightweight, high-strength steel in this size range for vehicle manufacturing, driving export growth from Asian countries.
2021-2022
Shift towards sustainable production
Growing preference for recycled materials and low-carbon production methods, influencing trade patterns towards countries with green certifications.
2022
Supply chain disruptions
Global logistics challenges and raw material shortages have led to price volatility and delayed deliveries, affecting trade volumes.
2020-2022
The United States revised Section 232 tariffs, reducing rates for certain steel products in this category from allied countries like the EU while maintaining restrictions on others.
March 2022
Increased imports from EU countries, reshaping trade flows in North America.
China reduced export tax rebates for steel products, including those in this dimensional range, to curb overproduction and focus on domestic supply.
May 2021
Slight decrease in China’s export volumes, benefiting competitors like South Korea and Japan in short term.
The EU introduced CBAM, imposing carbon taxes on high-emission steel imports starting in 2023, affecting products in this category.
October 2022 (announcement)
Potential cost increase for non-EU exporters without green production practices, shifting market dynamics.