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📦 Screw hooks and screw rings

Screw hooks and screw rings

HS Code:

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Overview

Screw hooks and screw rings, classified under HS Code 731813, are types of fasteners made of iron or steel, designed to be screwed into wood, metal, or other materials for hanging or securing items. These products are widely used in construction, home improvement, and industrial applications for their durability and ease of use. They come in various sizes and finishes to suit different environmental conditions and load-bearing requirements. Global trade in this category is driven by demand in construction and manufacturing sectors, with production often concentrated in countries with strong steel industries.

Total Trade Volume

USD 250 million

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (imposed by certain developing countries to protect local industries)

Lowest Rate

0% (under free trade agreements like EU internal market or USMCA)

Common Restrictions

  • Anti-dumping duties on Chinese exports in some regions
  • Quality certification requirements (e.g., ISO standards)
  • Import quotas in specific markets to support domestic manufacturers

Market Trends

Rising demand in construction sector

Increased imports in developing economies due to urbanization and infrastructure projects

2021-2022

Shift towards corrosion-resistant materials

Growing preference for stainless steel and coated screw hooks/rings to withstand harsh environments

2020-2022

Automation in manufacturing

Reduction in production costs and improved quality, boosting export competitiveness of major producers

2019-2022

Recent Developments

EU Anti-Dumping Measures on Chinese Fasteners

The European Union extended anti-dumping duties on certain iron and steel fasteners, including screw hooks and rings, from China to prevent market distortion.

February 2023

Increased costs for EU importers, potential shift to alternative suppliers like Taiwan or India

US Infrastructure Bill Boosts Demand

The US Infrastructure Investment and Jobs Act has spurred demand for construction materials, including screw hooks and rings, benefiting domestic and international suppliers.

November 2021

Higher export volumes to the US, particularly from China and Germany

Sustainability Standards in Production

Major exporters are adopting greener production methods for fasteners to comply with stricter environmental regulations in markets like the EU.

June 2022

Potential cost increases but improved market access in eco-conscious regions