The HS Code 72279010 refers to alloy tool steel in the form of bars and rods. This specific code covers alloy tool steel that is not high-speed steel, and is in irregular wound coils. The steel is hot-rolled and has not been tempered, treated, or partly manufactured.
Alloy tool steel is a type of steel that is specifically designed for use in tools and machinery. It is known for its high strength, hardness, and wear resistance, making it suitable for applications that require cutting, shaping, or forming materials. Alloy tool steel is used in a wide range of industries, including automotive, aerospace, construction, and manufacturing.
The HS Code 72279010 provides a standardized classification for this particular type of alloy tool steel. It is used by customs authorities and trade organizations to track and regulate the import and export of goods. By using this code, countries can ensure that trade barriers are lowered and markets are opened up for the same goods or services from all trading partners.
The bound or Most Favored Nation (MFN) duty rate for HS Code 72279010 is free. This means that there are no import duties or tariffs imposed on this specific alloy tool steel. Countries that import this product are not required to pay any additional fees or taxes, making it more accessible and affordable for businesses and consumers.
The quantity unit for HS Code 72279010 is kilograms (KG). This means that the weight of the alloy tool steel is measured in kilograms when it is imported or exported. The use of a standardized quantity unit allows for easier calculation and comparison of trade volumes.
In addition to the general information about the HS Code 72279010, there may be special tariff preference programs in place for this product. These programs are designed to promote international trade and economic cooperation between countries. They may include reduced or eliminated import duties, quotas, or other trade barriers for specific products or trading partners.
When it comes to the importation of alloy tool steel under HS Code 72279010, the data provided shows that the state of Wyoming in the United States is the primary importer. This suggests that there may be a high demand for this product in Wyoming, possibly due to the presence of industries that require the use of alloy tool steel.
On the other hand, the data also shows that the state of Alabama in the United States is the primary exporter of alloy tool steel under HS Code 72279010. This indicates that Alabama has a strong manufacturing or steel industry that produces and exports this product to other states or countries.
HS Code 72279010 represents alloy tool steel in the form of bars and rods. This code is used to classify and regulate the import and export of this specific product. Alloy tool steel is known for its strength, hardness, and wear resistance, making it suitable for various industrial applications. The use of a standardized HS code and quantity unit allows for easier tracking, calculation, and comparison of trade volumes. The data provided also highlights the importation of alloy tool steel by Wyoming and the exportation by Alabama, suggesting the presence of strong industries in these states.