Iron or non-alloy steel; ingots (excluding iron of heading no. 7203)

HS code 720610 covers the import and export of iron or non-alloy steel ingots, excluding iron products classified under heading 7203. This industry is a crucial component of the global steel supply chain, providing the raw material for a wide range of downstream manufacturing processes. Steel ingots serve as the foundation for the production of various steel products, making this industry essential for the construction, automotive, and machinery sectors, among others.

The production of iron or non-alloy steel ingots typically involves the melting of scrap metal or iron ore in a blast furnace or electric arc furnace. The molten metal is then poured into molds, where it solidifies into ingots. These ingots may undergo further processing, such as rolling or forging, to produce more refined steel products.

The main inputs required for the production of iron or non-alloy steel ingots include iron ore, scrap metal, coal or coke, and various alloying elements such as manganese, chromium, and nickel. Additionally, the industry relies on specialized equipment, such as blast furnaces, electric arc furnaces, and casting machinery, as well as a skilled workforce to operate these production facilities.

The primary output of HS code 720610 is iron or non-alloy steel ingots, which are then consumed by a variety of downstream industries. These ingots may be further processed into 720711 Semifinished products of iron or non-alloy steel, 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, or 721310 Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel, among other steel products.