HS Code:
The category 'With a maximum circular cross-sectional dimension of 152.4 mm or more' typically falls under specific HS codes related to steel or metal products, such as pipes, tubes, or bars (often under HS Chapter 73 for iron and steel products). This category includes products used in industries like construction, oil and gas, and manufacturing, where larger diameter materials are required for structural or piping applications. These products are critical for infrastructure development and industrial projects globally.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 8.3 billion
32.4% of total trade of total trade
Increasing
USD 3.9 billion
15.2% of total trade of total trade
Stable
USD 3.2 billion
12.5% of total trade of total trade
Increasing
USD 2.8 billion
10.9% of total trade of total trade
Stable
USD 2.1 billion
8.2% of total trade of total trade
Increasing
Average Rate
5.7% ad valorem
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for large-diameter pipes in oil and gas projects
Increased exports from major steel-producing countries like China and South Korea to energy-rich regions in the Middle East and North America
2022
Shift towards sustainable production methods
Countries with stricter environmental regulations (e.g., EU) are imposing higher compliance costs, affecting competitiveness of non-compliant exporters
2021-2022
Fluctuating raw material prices
Volatility in iron ore and steel scrap prices has led to unstable production costs, impacting trade margins for exporters
2020-2022
The United States adjusted its Section 232 tariffs on steel imports, replacing some tariffs with quotas for EU countries, affecting the trade flow of large-diameter steel products.
January 2022
European exporters gained better market access, while competitors from other regions face continued restrictions.
China removed export tax rebates on certain steel products, including those in this category, to curb overproduction and focus on domestic consumption.
May 2021
Slight reduction in Chinese exports, creating opportunities for other exporters like South Korea and Japan.
The EU introduced plans for CBAM, which will impose additional costs on carbon-intensive steel imports starting in 2023, impacting this product category.
July 2021 (announced)
Non-EU exporters may face higher costs to access the European market, pushing for greener production technologies.