HS Code 72255060 refers to a specific type of product - alloy steel, excluding tools, that is cold-rolled into flat-rolled products. These products have a width of 600mm or more and a thickness of 4.75mm or greater. This HS code is used to classify and track the import and export of this particular type of steel.
Alloy steel is a type of steel that contains additional elements apart from carbon and iron. These elements, such as manganese, nickel, or chromium, are added to enhance the properties of the steel, such as strength, durability, and resistance to corrosion. Alloy steel is widely used in various industries, including automotive, aerospace, construction, and manufacturing.
The cold-rolled process involves passing the steel through rollers at room temperature, which results in a smoother and more refined surface finish. This process also improves the dimensional accuracy and mechanical properties of the steel. Cold-rolled flat-rolled products are commonly used in the production of automotive parts, appliances, and construction materials.
The HS code 72255060 includes a specific product description to ensure accurate classification and facilitate international trade. It provides detailed information about the type of steel, its dimensions, and the manufacturing process used.
Bound / MFN (Most Favored Nation) duty rate refers to the tariff rate applied to imports of this product. The term "Most Favored Nation" means that 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. This principle ensures equal treatment and non-discrimination in international trade. The specific duty rate for HS code 72255060 may vary depending on the country and trade agreements in place.
The quantity unit for this HS code is kilograms (KG), which is the standard unit of measurement for international trade. This unit allows for accurate tracking and measurement of the quantity of alloy steel being imported or exported.
Special tariff preference programs may be applicable to imports of alloy steel classified under HS code 72255060. These programs provide certain benefits, such as reduced or zero tariffs, to eligible importers/exporters based on specific criteria. It is important for businesses to research and understand these programs to take advantage of any available benefits and cost savings.
When it comes to the import of alloy steel classified under HS code 72255060, the data shows that the state of Wyoming in the United States is the primary importer. This indicates a significant demand for this product in Wyoming. On the other hand, the state of Alabama is the primary exporter, suggesting that it has a strong production capacity for alloy steel.
HS Code 72255060 represents alloy steel, excluding tools, that is cold-rolled into flat-rolled products with specific dimensions. This HS code is essential for the classification, tracking, and regulation of international trade in this particular type of steel. The bound/MFN duty rate, quantity unit, and special tariff preference programs are important considerations for businesses engaged in the import and export of alloy steel. The data also highlights the import and export patterns of this product, with Wyoming being the primary importer and Alabama being the primary exporter in the United States.