HS 720150 Alloy pig iron; spiegeleisen

For HS code 720150, the Most Favored Nation (MFN) duty rate into the United States is 0.00%. In the European Union, the TARIC system generally lists a 0.00% duty rate. The UK Trade Tariff also indicates a 0.00% duty rate for this classification. It is crucial to verify these rates against the most current official tariff schedules as they can be subject to change and specific trade agreements may offer preferential treatment.

HS code 720150 covers 'Alloy pig iron and spiegeleisen, in pigs, blocks or other primary forms.' Pig iron is defined as iron containing, by weight, more than 2% carbon and which may contain by weight, one or more other elements, in the order of the following percentages: not more than 6% manganese, not more than 3% silicon, and not more than the following, by weight: 0.2% phosphorus, 0.5% sulfur, 4.0% chromium, 1.0% molybdenum, 1.6% tungsten, 0.1% vanadium, 0.3% titanium, 0.8% copper, 0.4% lead, 0.3% tellurium, 0.1% selenium, 0.4% zinc, 0.2% zirconium, 0.1% boron, 0.1% cerium, 0.1% niobium, 0.1% tantalum, 0.1% titanium, 0.1% uranium, 0.1% vanadium, 0.1% wolfram (tungsten), 0.05% rare earth metals, 0.05% magnesium, 0.05% sulfur, 0.05% tellurium, 0.05% titanium, 0.05% tungsten, 0.05% vanadium, 0.05% zinc. Spiegeleisen is a pig iron containing by weight more than 6% but not more than 23% of manganese. The classification hinges on the chemical composition and the physical form (pigs, blocks, or other primary forms).

When importing goods classified under HS code 720150, standard customs documentation is required, including a commercial invoice, packing list, and bill of lading or air waybill. Additionally, a certificate of origin is often necessary to claim preferential duty rates under trade agreements. Depending on the importing country and the specific product, a mill test certificate or certificate of analysis detailing the chemical composition may be requested by customs authorities to verify compliance with the HS code definition. Importers should consult the specific requirements of the destination country's customs agency.

While many countries currently offer duty-free access for HS code 720150, if a specific duty rate were applied, it would be calculated based on the quantity or weight of the imported goods. For instance, if a country applied a duty of $1.11 per metric ton (t), and an importer brought in 100 metric tons of alloy pig iron, the calculation would be: 100 t * $1.11/t = $111.00 in duties. If an ad valorem rate (a percentage of the value) were applied, say 1.70%, and the customs value of the shipment was $50,000, the duty would be calculated as: $50,000 * 1.70% = $850.00. Always confirm the applicable duty basis (ad valorem, specific, or compound) with the official tariff schedule.

Yes, trade agreements can significantly impact duty rates for HS code 720150. For example, under the United States-Mexico-Canada Agreement (USMCA), goods originating from Canada or Mexico may benefit from preferential duty rates, often resulting in duty-free entry, provided they meet the rules of origin. Similarly, the European Union has numerous Free Trade Agreements (FTAs) with various countries that could grant preferential or duty-free access for products classified under 720150, contingent upon meeting the specific rules of origin stipulated in each agreement. Importers should always consult the relevant trade agreement text and their customs broker to determine eligibility for preferential treatment.