HS Code:
The T sections category, falling under HS Code 7216, pertains to iron or non-alloy steel products, specifically T-shaped sections used primarily in construction and industrial applications. These products are essential for structural frameworks, bridges, and machinery due to their strength and versatility. The category includes hot-rolled, hot-drawn, or extruded T sections, which are traded globally in significant volumes to meet infrastructure and industrial demands.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing nations for market protection)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable steel production
Increased adoption of green steel technologies and recycling processes to meet environmental regulations, pushing up production costs but improving market access in eco-conscious regions like the EU.
2021-2022
Infrastructure boom in developing economies
Significant growth in demand for T sections in Asia and Africa due to large-scale infrastructure projects, leading to higher export volumes from major producers like China and South Korea.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade restrictions and sanctions, particularly affecting Russian steel exports, have led to price volatility and shifts in supply chains towards alternative producers like Turkey and India.
2022
The European Union introduced additional anti-dumping duties ranging from 10-20% on Chinese T section imports to protect domestic manufacturers from unfair pricing practices.
March 2023
Expected to reduce Chinese market share in the EU, potentially benefiting producers from South Korea and Turkey.
The US government’s $1.2 trillion infrastructure bill has spurred demand for steel products, including T sections, with a focus on ‘Buy American’ policies favoring local producers.
November 2021
Increased domestic production and reduced reliance on imports, affecting trade volumes from China and Canada.
China announced stricter regulations on steel production to meet its 2060 carbon neutrality goal, impacting the output of energy-intensive products like T sections.
September 2022
Potential reduction in export volumes as production shifts to cleaner but costlier methods, opening opportunities for other exporters.