Iron and Steel Products HS Codes

Iron and Steel: Essential Materials Powering Global Industries

Iron and steel are essential materials in various industries and infrastructure projects worldwide. Iron is a chemical element, while steel is an alloy made primarily from iron and carbon, with the addition of other elements to enhance its properties.

Furthermore, iron and steel are traded globally, with countries engaging in both imports and exports to meet their domestic demands and tap into international markets. The demand for iron and steel continues to grow as economies expand, making them integral to the global industrial landscape.

Iron and Steel Trade PCI Ranking

According to the PCI, iron and steel come in at number 43.

Facilities Required to Enter Iron and Steel Trade Industry

• Manufacturing Facilities:

Adequate infrastructure, equipment, and technology for iron and steel production, such as blast furnaces, rolling mills, and smelting plants.

• Raw Material Supply:

Access to a consistent and reliable supply of iron ore, coal, and other raw materials needed for steel production.

• Processing and Refining Capabilities:

Facilities for refining and processing iron ore into steel through various stages, including mining, beneficiation, and metallurgical processes.

• Quality Control and Testing Laboratories:

Facilities to conduct quality control checks and testing to ensure the compliance of iron and steel products with industry standards and specifications.

• Distribution Network:

Efficient transportation and logistics infrastructure to distribute iron and steel products to domestic and international markets.

• Research and Development Facilities:

Investment in research and development to innovate and improve production processes, product quality, and cost-effectiveness.

• Environmental Compliance:

Facilities to comply with environmental regulations and promote sustainable practices in the production and use of iron and steel.

Iron and Steel Trade Tariffs 

Using the HS2 product categorization, the average tariff for iron and steel in 2018 was 5.03%, ranking it as the 79th lowest tariff.

Iron and Steel Products List

• Steel Sheets and Plates
• Steel Coils
• Steel Pipes and Tubes
• Reinforcing Bars (Rebars)
• Structural Steel Beams and Columns
• Steel Wire and Wire Products
• Steel Rails
• Steel Billets and Blooms
• Steel Castings and Forgings
• Iron and Steel Scrap
• Steel Fasteners (Bolts, Nuts, Screws)
• Steel Profiles (Angles, Channels, I-Beams)
• Steel Flat Bars and Rounds
• Steel Slabs
• Steel Wire Rods