Steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, of high speed steel

HS code 722710 covers the import and export of steel alloy bars and rods, hot-rolled in irregularly wound coils, made of high-speed steel. This specialized steel product is crucial for the manufacturing of cutting tools, machinery, and other industrial applications that require high strength, durability, and heat resistance. As a key component in the global supply chain for industrial equipment and machinery, the trade of HS 722710 items plays a significant role in supporting economic growth and development across various sectors.

The production of HS 722710 steel bars and rods involves a multi-step process. First, high-speed steel alloy is melted in an electric arc furnace or induction furnace. The molten steel is then cast into ingots or continuously cast into billets or blooms. These semi-finished products are then reheated and hot-rolled into the desired shape and size of bars and rods, which are coiled for easier handling and transportation.

The main inputs required for the production of HS 722710 steel products include high-speed steel alloy, which typically contains elements such as tungsten, chromium, vanadium, and cobalt. Additionally, the manufacturing process requires specialized rolling mills, furnaces, and other metalworking equipment. Energy sources, such as electricity or natural gas, are also essential for the melting, casting, and rolling operations.

The primary output of HS 722710 is high-speed steel bars and rods, which are used in the production of cutting tools, machine tools, and other industrial equipment. These steel products may be further processed or consumed by industries covered under other HS codes, such as 820720 (Interchangeable tools for hand tools, whether or not power-operated, or for machine-tools (for example, for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screwdriving), including dies for drawing or extruding metal, and rock drilling or earth boring tools), 846610 Machine-tools for working metal, sintered metal carbides or cermets, without removing material, and 848190 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves.