Steel, stainless; semi-finished products, other than of rectangular cross-section

HS code 721899 covers the production of stainless steel semi-finished products, excluding those with a rectangular cross-section. This industry plays a crucial role in the global manufacturing landscape, providing essential materials for a wide range of industries, from construction and transportation to consumer goods and medical equipment. The versatility and durability of stainless steel make it a highly sought-after material, contributing to its significant economic impact.

The production of stainless steel semi-finished products under HS code 721899 typically involves a series of complex processes. The raw materials, including stainless steel scrap and alloying elements, are melted in electric arc furnaces or basic oxygen furnaces. The molten steel is then cast into various shapes, such as billets, blooms, or slabs, depending on the desired end-product. These semi-finished forms are then subjected to further processing, such as hot rolling, forging, or extrusion, to achieve the desired dimensions and properties.

The main inputs required for the production of stainless steel semi-finished products under HS code 721899 include stainless steel scrap, alloying elements (such as chromium, nickel, and molybdenum), and specialized machinery like electric arc furnaces, casting equipment, and rolling mills. Additionally, the industry relies on a skilled workforce, energy sources, and a robust transportation infrastructure to ensure the efficient movement of raw materials and finished goods.

The stainless steel semi-finished products covered under HS code 721899 are primarily consumed by industries that require high-quality, corrosion-resistant materials. These include the 730110 Structures and parts of structures, of iron or steel; bridges and bridge-sections industry, the 840710 Spark-ignition reciprocating or rotary internal combustion piston engines; for marine propulsion industry, and the 901890 Instruments and appliances used in medical, surgical, dental or veterinary sciences, n.e.s. industry, among others. These semi-finished products are further processed and fabricated into a wide range of end-use products, contributing to the overall growth and development of the global economy.