Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, cold-formed or cold-finished, (not free-cutting)

HS v2022 Code: 721550

About iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, cold-formed or cold-finished, (not free-cutting)

HS code 721550 covers a crucial segment of the steel industry, encompassing the production of iron or non-alloy steel bars and rods that are cold-formed or cold-finished, excluding those classified as free-cutting. This industry plays a vital role in the broader manufacturing and construction sectors, providing essential raw materials for a wide range of applications, from automotive components to building infrastructure.

Production process

The production of iron or non-alloy steel bars and rods under HS code 721550 typically involves a multi-step process. First, the raw materials, such as iron ore and coal, are smelted in a blast furnace to produce crude steel. The molten steel is then cast into billets or blooms, which are subsequently rolled or drawn into the desired bar or rod shapes. The cold-forming or cold-finishing processes, such as rolling, drawing, or extruding, help to enhance the strength and precision of the final products.

Production inputs

The main inputs required for the production of iron or non-alloy steel bars and rods under HS code 721550 include iron ore, coal, and other alloying elements, such as manganese, chromium, or nickel. Additionally, specialized machinery, such as rolling mills, drawing machines, and extrusion presses, are essential for the cold-forming and cold-finishing processes. Energy, in the form of electricity or natural gas, is also a significant input for the various stages of production.

Production outputs

The primary outputs of the industry covered by HS code 721550 are iron or non-alloy steel bars and rods, which are used in a wide range of applications. These products may be consumed by industries such as 731000 Structures and parts of structures, iron or steel, 732690 Other articles of iron or steel, n.e.c., and 870421 Trucks with diesel engine; g.v.w. not exceeding 5 tonnes, among others. The specific applications can range from construction materials and automotive components to machinery and equipment manufacturing.

Revisions to 721550

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 721550. The most recent 1 version of this code (721550) is in the HS v2022 system (this version):

This page shows the most recent version of code 721550.

Family tree for iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, cold-formed or cold-finished, (not free-cutting)

    graph LR
    A["<a href='/classifications/hs/v2022/72'>72: Iron and steel</a>"]
A --> B["<a href='/classifications/hs/v2022/7215'>7215: Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72</a>"]
B --> C["<a href='/classifications/hs/v2022/721550'>721550: Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, cold-formed or cold-finished, (not free-cutting)</a>"]

    B --> D["<a href='/classifications/hs/v2022/721510'>721510: Iron or non-alloy steel; bars and rods, of free-cutting steel, cold-formed or cold-finished, n.e.c. in chapter 72</a>"]
B --> E["<a href='/classifications/hs/v2022/721590'>721590: Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, n.e.c. in heading no. 7215</a>"]

    

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