Ferrosilicon chromium falls under the HS Code 72025000, which is a specific code used to classify and categorize goods for import and export purposes. This code is used worldwide to ensure uniformity and clarity in international trade transactions.
Product description: Ferrosilicon chromium is a ferroalloy composed of iron, silicon, and chromium. It is primarily used as an additive in the production of stainless steel, as it enhances the strength, corrosion resistance, and heat resistance of the final product.
Bound / MFN duty rate: The bound or most favored nation (MFN) duty rate for HS Code 72025000 is 10%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
Quantity unit: The quantity unit for HS Code 72025000 is kilograms (KG). This is the standard unit of measurement used to determine the weight of the ferrosilicon chromium being imported or exported.
Special tariff preference programs: There are several special tariff preference programs associated with HS Code 72025000. These programs offer different rates of duty or duty-free treatment for specific countries. The details of these programs are as follows:
Importing US states: HS Code 72025000 is imported into several US states. The states that import this product include Rhode Island, Nevada, Illinois, Mississippi, Ohio, Louisiana, West Virginia, and Delaware. Louisiana appears to be the most frequent importer among these states.
Exporting US states: HS Code 72025000 is exported from Nevada to other states within the United States. This indicates that Nevada is a major producer or distributor of ferrosilicon chromium within the country.
HS Code 72025000 represents ferrosilicon chromium, a ferroalloy used in the production of stainless steel. It is subject to a bound / MFN duty rate of 10% and is measured in kilograms (KG). Various special tariff preference programs offer duty-free treatment or reduced rates for imports of this product from specific countries. Importing US states include Rhode Island, Nevada, Illinois, Mississippi, Ohio, Louisiana, West Virginia, and Delaware, while Nevada appears to be a significant exporter within the United States.