3 min
02-July-2024
HSN codes for different steel and iron products
| Product | HSN Code | Description |
| Pig iron and spiegeleisen | 7201 | Non-alloy pig iron and spiegeleisen in primary forms. |
| Ferroalloys | 7202 | Ferroalloys are used as a base material for various steel grades. |
| Ferrous products from direct reduction | 7203 | Ferrous products are obtained by direct reduction of iron ore. |
| Iron and non-alloy steel in ingots | 7206 | Iron and non-alloy steel ingots or other primary forms. |
| Semi-finished products of iron or non-alloy steel | 7207 | Semi-finished products like slabs, billets, and blooms. |
| Flat-rolled products of iron or non-alloy steel | 7208-7212 | Flat-rolled products including sheets, strips, and plates. |
| Bars and rods, hot-rolled | 7213-7214 | Hot-rolled bars and rods of iron or non-alloy steel. |
| Angles, shapes, and sections | 7216 | Iron or non-alloy steel angles, shapes, and sections. |
| Wire of iron or non-alloy steel | 7217 | Wire products made from iron or non-alloy steel. |
| Stainless steel in ingots | 7218 | Stainless steel in ingots or other primary forms. |
| Flat-rolled products of stainless steel | 7219-7220 | Flat-rolled products of stainless steel including sheets and strips. |
| Bars and rods of stainless steel | 7221-7222 | Stainless steel bars and rods, hot-rolled or cold-formed. |
| Other alloy steel products | 7224-7229 | Other alloy steel products include sheets, strips, and plates. |
HSN Code classification system for steel and iron
- The Harmonized System of Nomenclature (HSN code) is a standardized coding system for identifying goods.
- Steel and iron products fall under Chapter 72 of the HSN.
- The classification is based on the type, form, and processing of the steel and iron products.
- Each product has a specific HSN code to facilitate international trade.
Resources for finding HSN codes for steel and iron products
- Customs and Tariff Departments: National customs websites provide HSN codes for various products.
- Trade Associations: Industry-specific associations often publish HSN codes for member reference.
- Online Databases: Websites like the World Customs Organization offer searchable HSN code databases.
- Government Publications: Official tariff books and publications from commerce departments.
Examples of HSN codes for steel and iron products
- 7201: Pig iron and spiegeleisen in primary forms.
- 7202: Ferroalloys.
- 7206: Iron and non-alloy steel in ingots.
- 7208: Flat-rolled products of iron or non-alloy steel.
- 7213: Hot-rolled bars and rods.
- 7219: Flat-rolled products of stainless steel.
- 7224: Other alloy steel products.
Conclusion
Understanding HSN codes for steel and iron products is crucial for businesses involved in the manufacturing, import, and export of these materials. Accurate classification ensures compliance with trade regulations, smooth customs clearance, and appropriate tax computation. This knowledge is particularly valuable when seeking a business loan, as it can streamline financial planning and documentation processes.
