Articles of Steel Products HS Codes

Articles of Steel: Definition and Global Market Insights

Articles of steel refer to various finished products made from iron and steel materials, such as steel sheets, rods, bars, pipes, and other fabricated items. They are essential components used in construction, manufacturing, infrastructure development, and a wide range of industries globally.

The iron and steel trade plays a crucial role in the global market, driving economic growth and development. Countries engage in the trade of iron and steel products through exports and imports to meet domestic demand, access specialized products, and foster international articles of steel trade partnerships.

Articles of Steel Trade PCI Ranking

According to the Product Complexity Index (PCI), iron or steel products are ranked 11th.

Facilities Required to Enter Articles of Steel Trade Industry

• Manufacturing Infrastructure:

Access to facilities and equipment for the production of steel articles, such as steel mills, foundries, and fabrication plants.

• Supply Chain Management:

Efficient logistics and supply chain management capabilities to ensure the availability of raw materials, such as iron ore and coal, as well as the timely delivery of finished steel products to customers.

• Quality Control Systems:

Robust quality control measures to ensure that the articles of steel meet industry standards and customer specifications.

• Market Knowledge and Research:

A deep understanding of market trends, customer demands, and competitive landscape to make informed business decisions and identify potential opportunities.

• Financial Resources:

Adequate financial resources for investment in production equipment, technology upgrades, research and development, and marketing activities.

• Regulatory Compliance:

Adherence to local and international regulations and standards related to the production, trade, and transportation of steel products.

• Skilled Workforce:

Access to a skilled and knowledgeable workforce, including engineers, technicians, and production personnel, with expertise in steel manufacturing processes.

• Networking and Relationships:

Building strong relationships with suppliers, customers, industry associations, and trade organizations to foster collaborations and stay updated with market developments.

Articles of Steel Trade Tariffs 

Using the HS2 product categorization, the average tariff for iron or steel goods in 2018 was 8.5%, ranking it as the 55th lowest tariff.

Articles of Steel Products List

• Steel Sheets and Plates
• Steel Bars and Rods
• Steel Tubes and Pipes
• Steel Structural Sections (e.g., beams, columns)
• Steel Wire and Wire Products
• Steel Fasteners
• Steel Pipes and Fittings
• Steel Rails and Railway Materials
• Steel Containers and Drums
• Steel Wire Rope and Cables
• Steel Springs
• Steel Kitchenware and Cutlery
• Steel Tools and Hardware
• Steel Automotive Parts
• Steel Construction and Building Materials