Steel, alloy; wire, of materials other than silico-manganese steel

HS code 722990 covers the production and trade of steel alloy wire made from materials other than silico-manganese steel. This industry plays a crucial role in the global manufacturing and construction sectors, providing essential raw materials for a wide range of applications. The demand for high-quality steel alloy wire is driven by its superior strength, durability, and versatility, making it a vital component in various industries, including automotive, infrastructure, and consumer goods.

The production of steel alloy wire under HS code 722990 typically involves a multi-step process. First, the raw materials, such as steel alloy ingots or billets, are heated and then passed through a series of rolling mills to reduce the thickness and shape the wire. The wire is then drawn through a die to further refine its diameter and improve its tensile strength. Depending on the specific application, the wire may undergo additional treatments, such as heat treatment or surface coating, to enhance its properties and performance.

The main inputs required for the production of steel alloy wire under HS code 722990 include steel alloy raw materials, such as 720221 Ferro-silico-manganese and 720240 Ferro-chromium, as well as specialized machinery and equipment for the rolling, drawing, and finishing processes. Additionally, energy sources, such as electricity or natural gas, are essential for powering the production facilities.

The primary output of the industry covered by HS code 722990 is steel alloy wire, which is then consumed by various downstream industries. This wire may be used in the manufacture of 731210 Stranded wire, ropes and cables, 731300 Barbed wire of iron or steel; twisted hoop or single flat wire, barbed or not, and loosely twisted double wire, of a kind used for fencing, and 732690 Other articles of iron or steel, among other products. The versatility of steel alloy wire ensures its widespread use across numerous sectors, contributing to the overall growth and development of the global economy.