Iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness

HS v2022 Code: 720711

About iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness

HS code 720711 covers the import and export of semi-finished products of iron or non-alloy steel, containing less than 0.25% of carbon, with a rectangular or square cross-section where the width is less than twice the thickness. This industry plays a crucial role in the global steel supply chain, providing essential raw materials for a wide range of downstream manufacturing sectors, from construction and automotive to machinery and consumer goods.

Production process

The production of the semi-finished steel products covered by HS code 720711 typically involves a multi-step process. First, iron ore, coal, and other raw materials are smelted in a blast furnace to produce molten pig iron. This pig iron is then refined in a basic oxygen furnace or electric arc furnace to remove impurities and adjust the carbon content. The resulting molten steel is then cast into semi-finished forms, such as billets, blooms, or slabs, which are the primary outputs of this industry.

Production inputs

The main inputs required for the production of the semi-finished steel products under HS code 720711 include iron ore, coal, and other ferrous scrap materials. Additionally, the industry relies on specialized equipment such as blast furnaces, basic oxygen furnaces, and continuous casting machines to efficiently transform the raw materials into the desired semi-finished steel forms. Energy, labor, and transportation infrastructure are also crucial inputs for this industry.

Production outputs

The semi-finished steel products covered by HS code 720711 are primarily consumed by downstream industries that require steel as a raw material. These include the 730110 Structures and parts of structures, of iron or steel; bridges and bridge-sections industry, the 870120 (Motor vehicles for the transport of goods; with compression-ignition internal combustion piston engine (diesel or semi-diesel)) industry, and the 842199 Parts of machinery for filtering or purifying liquids or gases, among others. The semi-finished steel forms produced under this code can be further processed and fabricated into a wide range of finished steel products.

Revisions to 720711

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 720711. The most recent 1 version of this code (720711) is in the HS v2022 system (this version):

This page shows the most recent version of code 720711.

Family tree for iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness

    graph LR
    A["<a href='/classifications/hs/v2022/72'>72: Iron and steel</a>"]
A --> B["<a href='/classifications/hs/v2022/7207'>7207: Iron or non-alloy steel; semi-finished products thereof</a>"]
B --> C["<a href='/classifications/hs/v2022/720711'>720711: Iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness</a>"]

    B --> D["<a href='/classifications/hs/v2022/720712'>720712: Iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (other than square) cross-section</a>"]
B --> E["<a href='/classifications/hs/v2022/720719'>720719: Iron or non-alloy steel; semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section</a>"]
B --> F["<a href='/classifications/hs/v2022/720720'>720720: Iron or non-alloy steel; semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon</a>"]

    

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