Iron or non-alloy steel; semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon

HS code 720720 covers semi-finished products of iron or non-alloy steel containing 0.25% or more of carbon by weight. This classification is crucial for the steel industry, as these semi-finished products serve as the foundation for a wide range of downstream steel products used across various sectors, including construction, automotive, and manufacturing. The production and trade of these semi-finished steel products play a significant role in the global economy, supporting the development of infrastructure, industrial growth, and technological advancements.

The production of semi-finished steel products under HS code 720720 typically involves a multi-step process. The primary raw material, iron ore, is first smelted in a blast furnace to produce pig iron. The pig iron is then refined in a basic oxygen furnace or electric arc furnace to remove impurities and adjust the carbon content to the desired level. The molten steel is then cast into semi-finished forms, such as billets, blooms, or slabs, which can be further processed into a variety of finished steel products.

The main inputs required for the production of semi-finished steel products under HS code 720720 include iron ore, coal, and scrap steel. Specialized equipment, such as blast furnaces, basic oxygen furnaces, and continuous casting machines, are also essential for the production process. Additionally, skilled labor, energy resources, and transportation infrastructure play crucial roles in the efficient operation of this industry.

The semi-finished steel products covered by HS code 720720 serve as the foundation for a wide range of downstream steel products. These semi-finished forms can be further processed into 720810 Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated, 720720 Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel, and 730110 Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements, among others. The versatility of these semi-finished steel products ensures their widespread use in various industries, contributing to the overall growth and development of the global economy.