Alloy tool steel is a highly versatile material that is widely used in various industries, including manufacturing, construction, and automotive. This type of steel is known for its exceptional hardness, strength, and durability, making it ideal for applications that require resistance to wear, impact, and high temperatures.
The HS Code 72269230 specifically refers to alloy tool steel that is not classified as high-speed steel. It is further specified as cold-rolled flat-rolled products with a width less than 300mm. The code is used for international trade purposes to classify and track the import and export of this particular type of steel.
Bound / MFN duty rate refers to the duty or tax imposed on the import of goods. In the case of HS Code 72269230, the bound / MFN duty rate is free. This means that there are no tariffs or duties levied on the import of alloy tool steel with this specific code. This tariff preference is applicable every time a country lowers a trade barrier or opens up a market. It must apply the same favorable conditions to all its trading partners for the same goods or services.
The unit of measurement for the quantity of alloy tool steel imported or exported is kilograms (KG). This standard unit allows for easy comparison and calculation of the volume of steel being traded.
Special tariff preference programs may exist for the import of alloy tool steel under HS Code 72269230. These programs provide additional benefits or exemptions from certain duties or taxes for specific countries or regions. However, the available data does not specify any special tariff preference programs for this particular HS code.
Based on the provided data, it is observed that the majority of imports of alloy tool steel under HS Code 72269230 are being done by the state of Wyoming in the United States. This suggests that Wyoming has a significant demand for this type of steel, possibly due to its industrial and manufacturing activities.
On the other hand, the state of Alabama appears to be the main exporter of alloy tool steel under HS Code 72269230. This indicates that Alabama has a strong manufacturing base and is capable of producing and supplying this type of steel to other states or countries.
Alloy tool steel has various applications across industries. It is commonly used in the production of cutting tools, molds, dies, and machine parts. The exceptional hardness and wear resistance of this steel make it suitable for high-speed machining, metal forming, and other demanding operations.
HS Code 72269230 represents alloy tool steel (other than high-speed) that is cold-rolled and has a width less than 300mm. This type of steel is widely used in various industries and offers exceptional hardness, strength, and durability. The bound / MFN duty rate for this HS code is free, indicating that there are no tariffs or duties imposed on its import. The unit of measurement for quantity is kilograms (KG). While no special tariff preference programs are specified, the data shows significant imports by Wyoming and exports by Alabama.