Chapter · Section XV
Chapter 72: Iron and steel
- 0%–50%UK
- 0%–7%EU
- 5%–30%Türkiye
- 0%–10%USA
- US$460.9bnWorld trade in 2024
29 headings make up chapter 72, part of section XV, base metals and articles of base metal.
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 statutory rate is between 5% and 30%.
World trade in chapter 72 goods reached US$460.9bn 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).
Duty rates compared
The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.
Headings 29
- 7201Pig iron and spiegeleisen in pigs, blocks or other primary forms
- 7202Ferro-alloys
- 7203Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99,94 %, in lumps, pellets or similar forms
- 7204Ferrous waste and scrap; remelting scrap ingots of iron or steel
- 7205Granules and powders, of pig iron, spiegeleisen, iron or steel
- 7206Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)
- 7207Semi-finished products of iron or non-alloy steel
- 7208Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 7209Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 7210Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 7211Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, not clad, plated or coated
- 7212Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
- 7213Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 7214Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 7215Other bars and rods of iron or non-alloy steel
- 7216Angles, shapes and sections of iron or non-alloy steel
- 7217Wire of iron or non-alloy steel
- 7218Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
- 7219Flat-rolled products of stainless steel, of a width of 600 mm or more
- 7220Flat-rolled products of stainless steel, of a width of less than 600 mm
- 7221Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel
- 7222Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
- 7223Wire of stainless steel
- 7224Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel
- 7225Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 7226Flat-rolled products of other alloy steel, of a width of less than 600 mm
- 7227Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel
- 7228Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 7229Wire of other alloy steel
World trade in 2024
Trade value (US$) no reported trade < US$36.4mUS$36.4m+US$653.6m+US$6.8bn+> US$15bn
Exports: 218
- China: US$72.9bn
- Germany: US$30.6bn
- Japan: US$29.2bn
- Indonesia: US$26.3bn
- South Korea: US$25.9bn
- United States: US$19.3bn
- France: US$15bn
- Belgium: US$15bn
- Italy: US$14.8bn
- Brazil: US$12.4bn
- Russia: US$12.3bn
- Netherlands: US$12.1bn
- India: US$11.4bn
- Türkiye: US$10.4bn
- Taiwan: US$9.1bn
- Canada: US$9.1bn
- Austria: US$8.9bn
- Spain: US$8.6bn
- Vietnam: US$8.1bn
- Sweden: US$7.8bn
- United Kingdom: US$7.3bn
- South Africa: US$6.8bn
- Malaysia: US$6.6bn
- Poland: US$5.8bn
- Finland: US$5.5bn
- Kazakhstan: US$5.2bn
- Slovakia: US$4.2bn
- Czechia: US$4.2bn
- Mexico: US$3.6bn
- Ukraine: US$3.4bn
- Oman: US$3bn
- Egypt: US$2.6bn
- Romania: US$2.2bn
- Luxembourg: US$2.2bn
- Australia: US$2.1bn
- United Arab Emirates: US$2.1bn
- Norway: US$2.1bn
- Thailand: US$2.1bn
- Portugal: US$1.8bn
- Denmark: US$1.6bn
- Slovenia: US$1.6bn
- Switzerland: US$1.3bn
- Singapore: US$1.2bn
- Hungary: US$1.2bn
- Hong Kong SAR China: US$1.1bn
- Saudi Arabia: US$1.1bn
- Bulgaria: US$928.1m
- Iran: US$925.4m
- Serbia: US$753.8m
- Lithuania: US$730.9m
- Algeria: US$717.8m
- Trinidad & Tobago: US$693.6m
- New Caledonia: US$692.1m
- Greece: US$680.1m
- Colombia: US$653.6m
- Chile: US$640.3m
- Bahrain: US$634.4m
- North Macedonia: US$485m
- Libya: US$468.6m
- Venezuela: US$463.4m
Trade value (US$) no reported trade < US$234mUS$234m+US$1.2bn+US$6bn+> US$16.3bn
Imports: 223
- United States: US$34bn
- China: US$30.3bn
- Germany: US$25.7bn
- Türkiye: US$23.1bn
- Italy: US$21.4bn
- India: US$17bn
- Mexico: US$16.3bn
- Vietnam: US$14bn
- South Korea: US$14bn
- France: US$12.3bn
- Netherlands: US$12.1bn
- Poland: US$12bn
- Belgium: US$11.8bn
- Spain: US$11.6bn
- Thailand: US$11.2bn
- Indonesia: US$10.6bn
- Taiwan: US$9.5bn
- Canada: US$8.6bn
- Japan: US$7.9bn
- Czechia: US$7.6bn
- United Kingdom: US$6.8bn
- Saudi Arabia: US$6.3bn
- Malaysia: US$6bn
- Egypt: US$5.5bn
- United Arab Emirates: US$5.1bn
- Brazil: US$5.1bn
- Austria: US$4.6bn
- Sweden: US$4.5bn
- Romania: US$4.3bn
- Philippines: US$4bn
- Portugal: US$3.8bn
- Pakistan: US$3.4bn
- Bangladesh: US$3.1bn
- Russia: US$3bn
- Hungary: US$2.9bn
- Slovakia: US$2.9bn
- Singapore: US$2.8bn
- Denmark: US$2.8bn
- Switzerland: US$2.6bn
- Morocco: US$2.5bn
- Hong Kong SAR China: US$2.4bn
- Finland: US$2.4bn
- Slovenia: US$2.3bn
- Israel: US$2.1bn
- Greece: US$2.1bn
- Uzbekistan: US$2bn
- Peru: US$1.9bn
- Colombia: US$1.9bn
- Kazakhstan: US$1.9bn
- Australia: US$1.8bn
- South Africa: US$1.7bn
- Bulgaria: US$1.7bn
- Mozambique: US$1.5bn
- Ukraine: US$1.5bn
- Chile: US$1.4bn
- Serbia: US$1.2bn
- Luxembourg: US$1.2bn
- Algeria: US$1.2bn
- Guatemala: US$1.2bn
- Iraq: US$1.1bn
Top exporters
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | US$72.9bn | 15.8% | |
| 2 | US$30.6bn | 6.6% | |
| 3 | US$29.2bn | 6.3% | |
| 4 | US$26.3bn | 5.7% | |
| 5 | US$25.9bn | 5.6% | |
| 6 | US$19.3bn | 4.2% | |
| 7 | US$15bn | 3.3% | |
| 8 | US$15bn | 3.3% | |
| 9 | US$14.8bn | 3.2% | |
| 10 | US$12.4bn | 2.7% |
Top importers
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | US$34bn | 7.4% | |
| 2 | US$30.3bn | 6.6% | |
| 3 | US$25.7bn | 5.6% | |
| 4 | US$23.1bn | 5% | |
| 5 | US$21.4bn | 4.6% | |
| 6 | US$17bn | 3.7% | |
| 7 | US$16.3bn | 3.5% | |
| 8 | US$14bn | 3% | |
| 9 | US$14bn | 3% | |
| 10 | US$12.3bn | 2.7% |
Chapter notes
Notes
1. In this chapter and, in the case of notes (d), (e) and (f) throughout the nomenclature, the following expressions have the meanings hereby assigned to them:
(a) Pig iron
Iron-carbon alloys not usefully malleable, containing more than 2 % by weight of carbon and which may contain by weight one or more other elements within the following limits:
not more than 10 % of chromium,
not more than 6 % of manganese,
not more than 3 % of phosphorus,
not more than 8 % of silicon,
a total of not more than 10 % of other elements.
(b) Spiegeleisen
Iron-carbon alloys containing by weight more than 6 % but not more than 30 % of manganese and otherwise conforming to the specification at (a) above.
(c) Ferro-alloys
Alloys in pigs, blocks, lumps or similar primary forms, in forms obtained by continuous casting and also in granular or powder forms, whether or not agglomerated, commonly used as an additive in the manufacture of other alloys or as de-oxidants, de-sulphurising agents or for similar uses in ferrous metallurgy and generally not usefully malleable, containing by weight 4 % or more of the element iron and one or more of the following:
more than 10 % of chromium,
more than 30 % of manganese,
more than 3 % of phosphorus,
more than 8 % of silicon,
a total of more than 10 % of other elements, excluding carbon, subject to a maximum content of 10 % in the case of copper.
(d) Steel
Ferrous materials other than those of heading 7203 which (with the exception of certain types produced in the form of castings) are usefully malleable and which contain by weight 2 % or less of carbon. However, chromium steels may contain higher proportions of carbon.
(e) Stainless steel
Alloy steels containing, by weight, 1,2 % or less of carbon and 10,5 % or more of chromium, with or without other elements.
(f) Other alloy steel
Steels not complying with the definition of stainless steel and containing by weight one or more of the following elements in the proportion shown:
0,3 % or more of aluminium,
0,0008 % or more of boron,
0,3 % or more of chromium,
0,3 % or more of cobalt,
0,4 % or more of copper,
0,4 % or more of lead,
1,65 % or more of manganese,
0,08 % or more of molybdenum,
0,3 % or more of nickel,
0,06 % or more of niobium,
0,6 % or more of silicon,
0,05 % or more of titanium,
0,3 % or more of tungsten (wolfram),
0,1 % or more of vanadium,
0,05 % or more of zirconium,
0,1 % or more of other elements (except sulphur, phosphorus, carbon and nitrogen), taken separately.
(g) Remelting scrap ingots of iron or steel
Products roughly cast in the form of ingots without feeder-heads or hot tops, or of pigs, having obvious surface faults and not complying with the chemical composition of pig iron, spiegeleisen or ferro-alloys.
(h) Granules
Products of which less than 90 % by weight passes through a sieve with a mesh aperture of 1 mm and of which 90 % or more by weight passes through a sieve with a mesh aperture of 5 mm.
(ij) Semi-finished products
Continuous cast products of solid section, whether or not subjected to primary hot-rolling; and other products of solid section, which have not been further worked than subjected to primary hot-rolling or roughly shaped by forging, including blanks for angles, shapes or sections.
These products are not presented in coils.
(k) Flat-rolled products
Rolled products of solid rectangular (other than square) cross-section, which do not conform to the definition at (ij) above in the form of:
coils of successively superimposed layers, or
straight lengths, which if of a thickness less than 4,75 mm are of a width measuring at least 10 times the thickness or if of a thickness of 4,75 mm or more are of a width which exceeds 150 mm and measures at least twice the thickness.
Flat-rolled products include those with patterns in relief derived directly from rolling (for example, grooves, ribs, chequers, tears, buttons, lozenges) and those which have been perforated, corrugated or polished, provided that they do not thereby assume the character of articles or products of other headings.
Flat-rolled products of a shape other than rectangular or square, of any size, are to be classified as products of a width of 600 mm or more, provided that they do not assume the character of articles or products of other headings.
(l) Bars and rods, hot-rolled, in irregularly wound coils
Hot-rolled products in irregularly wound coils, which have a solid cross-section in the shape of circles, segments of circles, ovals, rectangles (including squares), triangles or other convex polygons (including ‘flattened circles’ and ‘modified rectangles’, of which two opposite sides are convex arcs, the other two sides being straight, of equal length and parallel). These products may have indentations, ribs, grooves or other deformations produced during the rolling process (reinforcing bars and rods).
(m) Other bars and rods
Products which do not conform to any of the definitions at (ij), (k) or (l) above or to the definition of wire, which have a uniform solid cross-section along their whole length in the shape of circles, segments of circles, ovals, rectangles (including squares), triangles or other convex polygons (including ‘flattened circles’ and ‘modified rectangles’, of which two opposite sides are convex arcs, the other two sides being straight, of equal length and parallel).
These products may:
have indentations, ribs, grooves or other deformations produced during the rolling process (reinforcing bars and rods),
be twisted after rolling.
(n) Angles, shapes and sections
Products having a uniform solid cross-section along their whole length which do not conform to any of the definitions at (ij), (k), (l) or (m) above or to the definition of wire.
Chapter 72 does not include products of heading 7301 or 7302.
(o) Wire
Cold-formed products in coils, of any uniform solid cross-section along their whole length, which do not conform to the definition of flat-rolled products.
(p) Hollow drill bars and rods
Hollow bars and rods of any cross-section, suitable for drills, of which the greatest external dimension of the cross-section exceeds 15 mm but does not exceed 52 mm, and of which the greatest internal dimension does not exceed one half of the greatest external dimension. Hollow bars and rods of iron or steel not conforming to this definition are to be classified in heading 7304.
2. Ferrous metals clad with another ferrous metal are to be classified as products of the ferrous metal predominating by weight.
3. Iron or steel products obtained by electrolytic deposition, by pressure casting or by sintering are to be classified, according to their form, their composition and their appearance, in the headings of this chapter appropriate to similar hot-rolled products.
Subheading notes
1. In this chapter, the following expressions have the meanings hereby assigned to them:
(a) Alloy pig iron
Pig iron containing, by weight, one or more of the following elements in the specified proportions:
more than 0,2 % of chromium,
more than 0,3 % of copper,
more than 0,3 % of nickel,
more than 0,1 % of any of the following elements: aluminium, molybdenum, titanium, tungsten (wolfram), vanadium.
(b) Non-alloy free-cutting steel
Non-alloy steel containing, by weight, one or more of the following elements in the specified proportions:
0,08 % or more of sulphur,
0,1 % or more of lead,
more than 0,05 % of selenium,
more than 0,01 % of tellurium,
more than 0,05 % of bismuth.
(c) Silicon-electrical steel
Alloy steels containing by weight at least 0,6 % but not more than 6 % of silicon and not more than 0,08 % of carbon. They may also contain by weight not more than 1 % of aluminium but no other element in a proportion that would give the steel the characteristics of another alloy steel.
(d) High-speed steel
Alloy steels containing, with or without other elements, at least two of the three elements molybdenum, tungsten and vanadium with a combined content by weight of 7 % or more, 0,6 % or more of carbon and 3 to 6 % of chromium.
(e) Silico-manganese steel
Alloy steels containing by weight:
not more than 0,7 % of carbon,
0,5 % or more but not more than 1,9 % of manganese, and
0,6 % or more but not more than 2,3 % of silicon, but no other element in a proportion that would give the steel the characteristics of another alloy steel.
2. For the classification of ferro-alloys in the subheadings of heading 7202, the following rule should be observed:
A ferro-alloy is considered as binary and classified under the relevant subheading (if it exists) if only one of the alloy elements exceeds the minimum percentage laid down in note 1(c) to this chapter; by analogy, it is considered respectively as ternary or quaternary if two or three alloy elements exceed the minimum percentage.
For the application of this rule, the unspecified ‘other elements’ referred to in note 1(c) to this chapter must each exceed 10 % by weight.
Additional note
1. The following expressions have the meanings hereby assigned to them:
‘Electrical’: for the purposes of subheadings 72091610, 72091710, 72091810, 72092610, 72092710, 72092810 and 72112320, flat-rolled products which under a current at 50 Hz and a magnetic flux of 1 T have a watt-loss per kilogram, calculated by the Epstein method, of:
2,1 W or less, when their thickness does not exceed 0,20 mm,
3,6 W or less, when their thickness is not less than 0,20 mm but less than 0,60 mm,
6 W or less, when their thickness is not less than 0,60 mm but not greater than 1,50 mm.
‘Tinplate’: for the purposes of subheadings 72101220, 72107010, 72121010 and 72124020, flat-rolled products (of a thickness of less than 0,5 mm) coated with a layer of metal containing, by weight, 97 % or more of tin.
‘Tool steel’: for the purposes of subheadings 72241010, 72249002, 72253010, 72254012, 72269120, 72283020, 72284010, 72285020 and 72286020, alloy steels, other than stainless or high-speed steel, containing, by weight, one of the following compositions, with or without other elements:
less than 0,6 % of carbon
and
0,7 % or more of silicon and 0,05 % or more of vanadium
or
4 % or more of tungsten,
0,8 % or more of carbon
and
0,05 % or more of vanadium,
more than 1,2 % of carbon
and
not less than 11 % but not more than 15 % of chromium,
0,16 % or more but not more than 0,5 % of carbon
and
3,8 % or more but not more than 4,3 % of nickel
and
1,1 % or more but not more than 1,5 % of chromium
and
0,15 % or more but not more than 0,5 % of molybdenum,
0,3 % or more but not more than 0,5 % of carbon
and
1,4 % or more but not more than 2,1 % of chromium
and
0,15 % or more but not more than 0,5 % of molybdenum
and
less than 1,2 % of nickel,
0,3 % or more of carbon
and
less than 5,2 % of chromium
and
0,65 % or more of molybdenum or 0,4 % or more of tungsten,
0,5 % or more but not more than 0,6 % of carbon
and
1,25 % or more but not more than 1,8 % of nickel
and
0,5 % or more but not more than 1,2 % of chromium
and
0,15 % or more but not more than 0,5 % of molybdenum.
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$72.9bn in 2024 (15.8% of world exports).