Free-cutting steel bars and rods falling under HS Code 72151000 are a type of steel product that is not further worked than cold-formed or cold-finished. These bars and rods are not in coils and are commonly used in various industries for their excellent machining properties. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and any special tariff preference programs associated with it.
The product description of HS Code 72151000 is "Free-cutting steel, bars and rods, not further worked than cold-formed or cold-finished, not in coils." This means that the steel bars and rods covered by this HS code have undergone a cold-forming or cold-finishing process but have not undergone any additional working processes beyond that. The bars and rods are typically straight and not coiled, making them suitable for various applications.
The bound or most-favored-nation (MFN) duty rate is the rate of duty that a country applies to a particular product. For HS Code 72151000, the duty rate is free. This means that there are no import duties imposed on the free-cutting steel bars and rods covered by this HS code when they are imported into a country. This duty rate applies every time a country lowers a trade barrier or opens up a market; it has to do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 72151000 is kilograms (KG). This means that the weight of the free-cutting steel bars and rods is measured in kilograms when importing or exporting them. The quantity unit is important for determining the quantity of the product being traded and for calculating any applicable duties or tariffs based on the weight.
Special tariff preference programs are trade agreements or arrangements that provide preferential treatment to certain products or countries. These programs aim to promote trade and economic cooperation between participating countries. However, as of the available data, there are no specific special tariff preference programs mentioned for HS Code 72151000.
When it comes to importing free-cutting steel bars and rods falling under HS Code 72151000 into the United States, the specific states involved in importing can vary. Similarly, the exporting US states for these products can also vary depending on the origin and destination of the trade. It is important for importers and exporters to be aware of the regulations and requirements specific to their respective states when dealing with these products.
HS Code 72151000 covers free-cutting steel bars and rods that have undergone a cold-forming or cold-finishing process. These products are not further worked than that and are not in coils. The duty rate for this HS code is free, and the quantity unit is kilograms. While there are no specific special tariff preference programs mentioned for this HS code, importers and exporters should be aware of the regulations and requirements of their respective states when dealing with these products.