Steel, stainless; bars and rods, hot-rolled, in irregularly wound coils

HS code 722100 covers the import and export of stainless steel bars and rods that have been hot-rolled and are in the form of irregularly wound coils. This industry is a critical component of the global metal manufacturing sector, providing essential raw materials for a wide range of downstream industries, including 731200 Structures and parts of structures, iron or steel, 732690 Other articles of iron or steel, and 842199 Parts of machinery for filtering or purifying liquids or gases. The production and trade of these stainless steel products play a significant role in supporting economic growth and development worldwide.

The production of stainless steel bars and rods covered under HS code 722100 typically involves a multi-step process. First, stainless steel is produced by melting and refining a mixture of iron, chromium, and other alloying elements. The molten steel is then cast into billets or ingots, which are subsequently heated and rolled into the desired shape and size of bars and rods. The hot-rolling process involves passing the steel through a series of rollers, which gradually reduce the cross-sectional area and elongate the material into the final coiled form.

The key inputs required for the production of stainless steel bars and rods under HS code 722100 include high-quality stainless steel scrap or raw materials, such as iron ore, chromium, nickel, and other alloying elements. Additionally, the industry relies on specialized rolling mills, furnaces, and other metal-working equipment to facilitate the hot-rolling and coiling processes. Energy sources, such as electricity or natural gas, are also essential for powering the production facilities.

The primary output of the industry covered by HS code 722100 is stainless steel bars and rods in the form of irregularly wound coils. These products are then consumed by a variety of downstream industries, including 731200 Structures and parts of structures, iron or steel, 732690 Other articles of iron or steel, and 842199 Parts of machinery for filtering or purifying liquids or gases, where they are used in the manufacture of a wide range of goods, from construction materials to industrial equipment.