Chapter

72

Chapter 72: Iron and steel

29 headings make up chapter 72, part of section XV, base metals and articles of base metal.

Duty rates compared

Headings 29

EU: imports by month

last 12 months€34.5bn-5.6% · previous 12 months
Average import price€0.71 per kg
Jan 2024: €3.8bnFeb 2024: €2.6bnMar 2024: €2.8bnApr 2024: €4.5bnMay 2024: €3.4bnJun 2024: €2.8bnJul 2024: €4.7bnAug 2024: €2.8bnSept 2024: €2.5bnOct 2024: €4.3bnNov 2024: €2.4bnDec 2024: €2.1bnJan 2025: €4.5bnFeb 2025: €2.3bnMar 2025: €2.5bnApr 2025: €4bnMay 2025: €2.7bnJun 2025: €2.7bnJul 2025: €4.2bnAug 2025: €2.4bnSept 2025: €2.3bnOct 2025: €4.5bnNov 2025: €2.8bnDec 2025: €3.5bnJan 2026: €3bnFeb 2026: €1.9bnMar 2026: €2.4bnApr 2026: €4bnMay 2026: €2.5bnJun 2026: €3.1bnJul 2026: €2.8bnAug 2026: €1.8bn 202420252026
Data up to August 2026 (provisional) · Monthly data: Eurostat Comext (CC BY 4.0), HMRC (OGL v3.0)

World trade in 2024

72 · US$461bn

Trade value (US$) no reported trade < US$36mUS$36m+US$654m+US$7bn+> US$15bn

Exports: 218
  1. China: US$73bn
  2. Germany: US$31bn
  3. Japan: US$29bn
  4. Indonesia: US$26bn
  5. South Korea: US$26bn
  6. United States: US$19bn
  7. France: US$15bn
  8. Belgium: US$15bn
  9. Italy: US$15bn
  10. Brazil: US$12bn
  11. Russia: US$12bn
  12. Netherlands: US$12bn
  13. India: US$11bn
  14. Türkiye: US$10bn
  15. Taiwan: US$9bn
  16. Canada: US$9bn
  17. Austria: US$9bn
  18. Spain: US$9bn
  19. Vietnam: US$8bn
  20. Sweden: US$8bn
  21. United Kingdom: US$7bn
  22. South Africa: US$7bn
  23. Malaysia: US$7bn
  24. Poland: US$6bn
  25. Finland: US$5bn
  26. Kazakhstan: US$5bn
  27. Slovakia: US$4bn
  28. Czechia: US$4bn
  29. Mexico: US$4bn
  30. Ukraine: US$3bn
  31. Oman: US$3bn
  32. Egypt: US$3bn
  33. Romania: US$2bn
  34. Luxembourg: US$2bn
  35. Australia: US$2bn
  36. United Arab Emirates: US$2bn
  37. Norway: US$2bn
  38. Thailand: US$2bn
  39. Portugal: US$2bn
  40. Denmark: US$2bn
  41. Slovenia: US$2bn
  42. Switzerland: US$1bn
  43. Singapore: US$1bn
  44. Hungary: US$1bn
  45. Hong Kong SAR China: US$1bn
  46. Saudi Arabia: US$1bn
  47. Bulgaria: US$928m
  48. Iran: US$925m
  49. Serbia: US$754m
  50. Lithuania: US$731m
  51. Algeria: US$718m
  52. Trinidad & Tobago: US$694m
  53. New Caledonia: US$692m
  54. Greece: US$680m
  55. Colombia: US$654m
  56. Chile: US$640m
  57. Bahrain: US$634m
  58. North Macedonia: US$485m
  59. Libya: US$469m
  60. Venezuela: US$463m

Top exporters

RankCountryValueShare
1 China US$73bn 15.8%
2 Germany US$31bn 6.6%
3 Japan US$29bn 6.3%
4 Indonesia US$26bn 5.7%
5 South Korea US$26bn 5.6%
6 United States US$19bn 4.2%
7 France US$15bn 3.3%
8 Belgium US$15bn 3.3%
9 Italy US$15bn 3.2%
10 Brazil US$12bn 2.7%

Top importers

RankCountryValueShare
1 United States US$34bn 7.4%
2 China US$30bn 6.6%
3 Germany US$26bn 5.6%
4 Türkiye US$23bn 5%
5 Italy US$21bn 4.6%
6 India US$17bn 3.7%
7 Mexico US$16bn 3.5%
8 Vietnam US$14bn 3%
9 South Korea US$14bn 3%
10 France US$12bn 2.7%

In the UK Global Tariff, chapter 72 covers 593 tariff lines and the duty is between 0% and 50%. 311 of them are duty-free.

The EU Combined Nomenclature divides chapter 72 into 344 tariff lines; the duty is between 0% and 7% (average 0.2%). 321 of them are duty-free.

In the Turkish Customs Tariff Schedule, chapter 72 covers 785 tariff lines and the duty is between 0% and 40%. 333 of them are duty-free.

World trade in chapter 72 goods reached US$461bn in 2024, down 7.1% on 2023.

China was the largest exporter with 15.8% of the total, ahead of Germany.

The United States imported the most (US$34bn).

Chapter notes

Notes
Subheading notes
Additional note

Products classified here

Questions and answers

What is the HS code for iron and steel?

Iron and steel make up HS chapter 72, in section XV of the Harmonized System.

What is the import duty on iron and steel in the UK?

Under the UK Global Tariff, imports under 72 from countries without a preferential agreement are charged at 0% to 50%, depending on the line. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on iron and steel in the EU?

Under the EU Combined Nomenclature, imports under 72 from countries without a preferential agreement are charged at 0% to 7%, depending on the line. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most iron and steel?

China, with US$73bn in 2024 (15.8% of world exports).