The HS Code 72085100 refers to a specific product category in international trade. It describes iron/nonalloy steel that is hot-rolled into flat-rolled products with a width of 600mm or more, not in coils, and with a thickness exceeding 10mm. These products should also not be clad, plated, or coated.
HS Codes are a standardized system used globally to classify and categorize traded goods. They help facilitate international trade by providing a common language for customs authorities, traders, and statisticians. The HS Code 72085100 allows for accurate identification and classification of this particular type of iron/nonalloy steel product.
The product described by HS Code 72085100 pertains to iron/nonalloy steel that has undergone a specific manufacturing process. It is hot-rolled, meaning it has been heated and then passed through rolls to achieve the desired shape and dimensions. The resulting product is a flat-rolled sheet or plate with a width of 600mm or more. It is not in coil form, and it has a thickness greater than 10mm.
Furthermore, the iron/nonalloy steel specified by this HS Code should not be clad, plated, or coated. Cladding refers to the application of a different material layer, while plating and coating involve the deposition of a thin layer of metal or non-metal material on the surface of the steel.
The bound duty rate for HS Code 72085100 is free. This means that countries do not impose any tariffs or duties on the import of this specific product category. The MFN (Most Favored Nation) duty rate also remains free. The MFN principle states that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
This free duty rate encourages the import and export of iron/nonalloy steel falling under HS Code 72085100. It eliminates additional costs associated with tariffs, making it more financially viable for businesses to engage in international trade of these products.
The quantity unit for HS Code 72085100 is kilograms (KG). This unit of measurement is used to specify the weight of the imported or exported iron/nonalloy steel products. Kilograms provide a standardized and easily understandable measurement for trade purposes.
There are no specific special tariff preference programs associated with HS Code 72085100 mentioned in the provided data.
The data indicates that the mentioned US states, namely Illinois, Oregon, and Pennsylvania, are involved in the importation of products falling under HS Code 72085100. These states play a significant role in the trade of iron/nonalloy steel within the United States.
No specific information regarding exporting US states is provided in the given data. However, it is important to note that iron/nonalloy steel products falling under HS Code 72085100 can be exported from any state in the United States to various international markets.