| Type | Information |
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| HS Code | 72024100 (7202.41.00) |
| Product description |
Ferrochromium containing by weight more than 4 percent of carbon HS code 720241000 refers to ferrous waste and scrap, remelting scrap ingots of iron or steel. This code is commonly used in the steel industry for recycling purposes. These goods can be melted down and reused to create new steel products, minimizing waste and promoting sustainability. |
| Bound? | 1.9% 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
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| Quantity unit | kilograms (KG) |
| MFN duty rate | 1.9% 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.
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| Special tariff preference programs | Free (A*,AU,BH,CA,CL,E,IL,J,JO,MA,MX,OM,P,PE,SG) Detail: Free :  Certain countries excluded from GSP eligibility for that HTS subheading (duty-free treatment)Australia Special RateBahrain Special RateNAFTA for Canada (duty-free treatment)Chile Special RateCaribbean Basin Initiative (CBI)Israel Special Rate (duty-free treatment)Andean Trade Preference Act (ATPA)Jordan Special RateMorocco Special RateNAFTA for MexicoOman Special RateDominican Republic-Central American Special Rate (DR-CAFTA)Peru Special RateSingapore Special Rate |
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| Importing US states 720241 |
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| Exporting US states 720241 |
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| Code in major importing and exporting languages |
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| Similar: 72024100-ferrochromium-containing-by-weight-more-than-4 72024910-ferrochromium-containing-by-weight-more-than-3 72024950-ferrochromium-containing-by-weight-3-percent-or Ferrochromium containing by weight more than 4 percent carbon More on HS code 72024100 |
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