HS Code:
Rolls for rolling mills (HS Code: 8455.30) are critical components used in metalworking industries for shaping and forming metals through rolling processes. These rolls are typically made of high-strength materials like steel or cast iron to withstand extreme pressure and wear. They are used in various types of rolling mills, including hot and cold rolling, to produce sheets, bars, and other metal products. This product category is essential for industries such as automotive, construction, and manufacturing, where metal products are foundational.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.8% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for high-precision rolls
Increased investment in advanced manufacturing technologies to meet stringent quality requirements in automotive and aerospace industries
2021-2023
Shift towards sustainable materials
Growing adoption of eco-friendly and recyclable materials in roll production to align with global sustainability goals
2022-2023
Automation in rolling mills
Higher demand for rolls compatible with automated and smart rolling systems, driving innovation in design and materials
2020-2023
The European Union introduced anti-dumping duties ranging from 7.5% to 12% on rolls for rolling mills imported from China to protect domestic manufacturers.
March 2023
Potential increase in costs for EU importers and a shift in sourcing to other countries like Japan or South Korea.
A leading Japanese manufacturer announced a new composite material for rolls that extends lifespan by 30%, reducing downtime in rolling mills.
July 2023
Expected to increase Japanโs market share as industries prioritize cost-efficiency and reduced maintenance.
Negotiations between the US and China included discussions on reducing tariffs on industrial components, including rolls for rolling mills.
September 2023
If successful, this could lower costs for US manufacturers and increase Chinese exports to the US market.