HS 720241 Ferro-chromium
Quick Answer: Ferro-chromium imported under HS 720241 enters the EU at 4.00% ad valorem, the UK at 0.00%, and the US at 1.9% ad valorem (MFN). This classification covers ferro-chromium alloys containing, by weight, 4% or more of chromium. These alloys are crucial for steel production, particularly for stainless steel, due to chromium's hardening and corrosion-resistant properties. Importers should note the varying duty rates across major markets, as reflected in CustomTariffs data, which can significantly impact landed costs. Understanding these differences is vital for strategic sourcing and trade compliance.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202410000 | — | — | — |
| 7202411000 | 0.00 % | — | — |
| 7202419000 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202411000 | 4.00 % | — | — |
| 7202410000 | 4.00 % | — | — |
| 7202419000 | 4.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7202410000 | 1.9% | Free (17 programs) | ["kg","Cr kg"] |
Special rates available under trade agreements including USMCA, KORUS, GSP.
Duty rates sourced from the USITC (US International Trade Commission) Harmonized Tariff Schedule (HTS) (accessed 2/22/2026), EU TARIC – DG TAXUD (Directorate-General for Taxation and Customs Union) (accessed 2/22/2026), and UK Trade Tariff – HMRC (His Majesty's Revenue and Customs) (accessed 2/22/2026).
Data compiled and presented by HSRates.
Which Trade Agreements Reduce Duties for HS 7202.41?
Imports of Ferro-chromium may qualify for reduced or zero duty rates under free trade agreements and preferential programs. The overview below shows available preferential arrangements by jurisdiction, compiled by HSRates from official tariff and trade agreement data.
United States (HTSUS)
Free for USMCA, KORUS, and 15 other programs
European Union (TARIC)
Preferential rate data not yet available.
United Kingdom
Preferential rate data not yet available.
Preferential rates require proof of origin and may be subject to quotas or conditions. Always verify eligibility with a licensed customs broker.
Data compiled by HSRates.
Which Preferential Rates Apply to Your Origin Country?
Select an origin country to see if preferential rates apply.
Preferential rates based on available trade agreements. Actual rates may vary.
How Has Trade Volume Developed?
Trade Volume 2023
How to Classify This HS Code?
What products does HS 720241 cover?
This subheading covers ferro-chromium containing, by weight, 4% or more of chromium. According to the World Customs Organization's Harmonized System Nomenclature, this category specifically includes alloys of iron and chromium with a significant chromium content, essential for steel production. The US International Trade Commission (USITC) Harmonized Tariff Schedule (HTS) and the EU's TARIC database confirm that ferro-chromium with a chromium content of 4% or more falls under this classification, distinguishing it from other ferro-alloys.
What falls outside HS 720241?
The following products are excluded from HS 720241: ferro-chromium containing less than 4% by weight of chromium, which would typically be classified under other headings within Chapter 72, such as heading 7202.99 for "Other ferro-alloys." Additionally, chromium metal (unalloyed chromium) and chromium ores and concentrates are classified elsewhere. Products that are not alloys of iron, even if they contain chromium, are also excluded from this subheading.
What are common classification mistakes for HS 720241?
A common error is misinterpreting the chromium content threshold. Importers may incorrectly classify ferro-chromium with less than 4% chromium under this subheading, or conversely, classify other chromium-containing alloys that are not specifically ferro-chromium. Adherence to General Rule of Interpretation (GRI) 1, which states that classification shall be determined according to the terms of the headings and any relative Section or Chapter Notes, is crucial to avoid these mistakes.
How should importers classify products under HS 720241?
The correct procedure for classifying products under HS 720241 involves first determining the exact chromium content by weight. Importers and customs brokers must consult the product's technical specifications or laboratory analysis. If the ferro-chromium contains 4% or more chromium by weight, it should be classified under 7202.41. Verification against official tariff schedules like the USITC HTS or EU TARIC is recommended.
How is the duty calculated for products under HS 720241?
A shipment of 10 metric tons of ferro-chromium (containing 60% chromium) declared at a customs value of $20,000 USD would attract a US duty of $1,000.00. This is calculated using the USITC Harmonized Tariff Schedule's Most Favored Nation (MFN) duty rate of 5% ad valorem, applied to the declared customs value ($20,000 USD × 0.05 = $1,000.00). Note that some importations may be subject to additional duties or trade remedies.
Which trade agreements reduce duties for HS 720241?
Several free trade agreements may reduce the applicable duty rate for HS 720241, including the United States-Mexico-Canada Agreement (USMCA), which can provide for duty-free entry for originating goods from Canada and Mexico. The EU's Generalized Scheme of Preferences (GSP) may offer reduced or free entry for eligible developing countries. Documentation required typically includes a USMCA Certificate of Origin or a GSP Form A, depending on the origin country and the specific agreement.
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FAQ
What are the typical import duty rates for HS code 720241 (Ferro-chromium)?
Import duty rates for HS code 720241, Ferro-chromium, can vary significantly depending on the importing country and any applicable trade agreements. For example, under the U.S. Harmonized Tariff Schedule (USHTS), the Most Favored Nation (MFN) duty rate is 4.00% ad valorem. However, preferential rates may apply. For instance, under the U.S. Generalized System of Preferences (GSP), certain developing countries may receive duty-free treatment. It is crucial to consult the specific tariff schedule of the destination country for the most accurate and up-to-date rates. The World Customs Organization (WCO) provides the foundational HS nomenclature, but national tariff schedules detail the specific duty rates.
How is Ferro-chromium classified under HS code 720241, and what are the key classification criteria?
HS code 720241 specifically covers Ferro-chromium. The primary classification criterion is the chemical composition. According to the Explanatory Notes to the Harmonized System, ferro-chromium is defined as alloys of iron and chromium containing, by weight, 4% or more of chromium. This classification is critical for ensuring correct duty assessment and compliance. Importers and brokers must verify that the product's declared chromium content meets this threshold. Documentation such as a Certificate of Analysis (CoA) from the manufacturer is essential to substantiate the chromium content.
What documentation is typically required for importing Ferro-chromium under HS code 720241?
When importing Ferro-chromium (HS 720241), standard customs documentation is required, including a commercial invoice, packing list, and bill of lading or air waybill. Crucially, a Certificate of Analysis (CoA) is often mandatory to verify the chromium content, confirming it meets the criteria for classification under 720241. Depending on the importing country and the origin of the goods, additional documents like a Certificate of Origin may be needed to claim preferential duty rates under trade agreements. Importers should consult the customs authority of the destination country for a comprehensive list of required documents.
Which trade agreements commonly offer preferential duty rates for Ferro-chromium (HS 720241), and how do they impact import costs?
Several trade agreements can provide preferential duty rates for Ferro-chromium (HS 720241). For example, under the U.S. Free Trade Agreements with countries like Australia (AU) or South Korea (KR), Ferro-chromium originating from these nations may be eligible for duty-free entry (0.00%). Similarly, agreements like the EU's Economic Partnership Agreements (EPAs) or Free Trade Agreements (FTAs) with various countries can offer reduced or eliminated duties. To benefit from these agreements, importers must ensure the Ferro-chromium meets the rules of origin stipulated in the respective trade agreement and provide a valid Certificate of Origin. This can lead to substantial cost savings compared to paying the standard MFN duty rate.
How is the import duty for Ferro-chromium calculated, and can you provide a numerical example?
The import duty for Ferro-chromium (HS 720241) is typically calculated on an ad valorem basis, meaning it's a percentage of the declared value of the goods. For instance, if the MFN duty rate in the United States is 4.00% ad valorem, and an importer brings in a shipment of Ferro-chromium valued at $50,000 USD, the duty calculation would be: Duty = Value × Duty Rate. In this example: Duty = $50,000 USD × 4.00% (or 0.04) = $2,000 USD. Some countries may also apply specific duties based on weight (e.g., per metric ton). It is essential to check the specific tariff schedule for the importing country, as it may specify a combination of ad valorem and specific duties, or only one type.