HS 722620 Of high-speed steel
Quick Answer: Flat-rolled products of high-speed steel imported under HS 722620 enter the UK duty-free, the EU duty-free, and the US at 37% ad valorem under the MFN rate. This classification specifically covers flat-rolled products, including sheets, plates, and strip, made from high-speed steel. High-speed steel is a type of tool steel known for its ability to retain hardness at elevated temperatures, making it suitable for cutting tools. Importers should be aware of the significant duty differential between the US and the EU/UK, which could impact sourcing decisions. CustomTariffs aggregates this tariff data for compliance professionals.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7226200000 | 0.00 % | — | — |
| 7226200010 | 0.00 % | — | — |
| 7226200090 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7226200000 | 0.00 % | — | — |
| 7226200090 | 0.00 % | — | — |
| 7226200010 | 0.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7226200000 | Free | — | ["kg"] |
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.
How Has Trade Volume Developed?
Trade Volume 2023
How to Classify This HS Code?
What products does HS 722620 cover?
This subheading covers flat-rolled products of high-speed steel, which are characterized by their ability to retain hardness at elevated temperatures, making them ideal for cutting tools. According to the World Customs Organization (WCO) Harmonized System Explanatory Notes, high-speed steel typically contains significant amounts of alloying elements such as tungsten, molybdenum, vanadium, and chromium. The USITC Harmonized Tariff Schedule (HTS) and the EU's TARIC system define these as steels with a high degree of hardness, wear resistance, and red hardness, often exceeding 65 HRC at 600°C.
What falls outside HS 722620?
The following products are excluded from HS 722620: flat-rolled products of other alloy steels not meeting the specific criteria for high-speed steel, such as tool steels that do not exhibit the required red hardness, or stainless steels primarily alloyed for corrosion resistance. For instance, flat-rolled products of silicon-manganese spring steel (HS 722691) or ordinary alloy steel (HS 722699) would be classified under different subheadings, as would non-flat-rolled forms like wire or bars of high-speed steel.
What are common classification mistakes for HS 722620?
A common error is misinterpreting the "high-speed steel" designation, often confusing it with other types of tool steels or alloy steels that do not possess the requisite red hardness properties. General Interpretative Rule 1 (GIR 1) mandates classification based on the terms of the headings and any relative section or chapter notes. Importers may also incorrectly classify products based solely on their end-use (e.g., for cutting tools) without verifying the specific metallurgical composition and properties that define high-speed steel as per the WCO nomenclature.
How should importers classify products under HS 722620?
The correct procedure for classifying products under HS 722620 involves a meticulous examination of the material's composition and properties. Importers and customs brokers must consult the product's technical specifications, including its chemical analysis and hardness test results, to confirm it meets the definition of high-speed steel. Cross-referencing these details with the official definitions provided in the WCO HS Nomenclature, the USITC HTS, or the EU TARIC is crucial for accurate classification, ensuring compliance with customs regulations.
How is the duty calculated for products under HS 722620?
A specific product, "M2 High-Speed Steel Tool Bit Blanks," weighing 50 kg and declared at a customs value of $1,000 USD, would attract a US duty of $35.00. This is calculated using the Most Favored Nation (MFN) duty rate of 3.5% ad valorem, applied to the declared customs value ($1,000 USD × 0.035 = $35.00). This calculation is based on the MFN rate published in the USITC Harmonized Tariff Schedule for HS code 722620.0000.
Which trade agreements reduce duties for HS 722620?
Several free trade agreements may reduce the applicable duty rate for HS 722620, including the United States-Mexico-Canada Agreement (USMCA), which can provide for duty-free entry for qualifying originating goods from Canada and Mexico. The UK-EU Trade and Cooperation Agreement may also offer preferential rates, potentially leading to duty-free status for goods originating in the EU or UK, provided specific origin criteria are met. Documentation required typically includes a self-certified origin statement for USMCA or an EUR.1 movement certificate for EU/UK preferences.
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FAQ
What are the typical import duty rates for HS code 722620, 'Flat-rolled products of other alloy steel, of a width not exceeding 600 mm, of high-speed steel'?
Duty rates for HS code 722620 vary significantly by importing country. For example, under the United States Harmonized Tariff Schedule (USHTS), the Most Favored Nation (MFN) duty rate is 0.00%. However, preferential rates under Free Trade Agreements (FTAs) may apply. In the European Union, under the TARIC system, the rate can also be 0.00% for certain origins, but specific duties or other measures might be applicable. The UK Trade Tariff also lists 0.00% for most origins under the UK Global Tariff. Always consult the specific tariff schedule of the destination country for the most accurate and up-to-date rates.
What are the key classification criteria for HS code 722620?
HS code 722620 specifically covers flat-rolled products of alloy steel that meet the definition of 'high-speed steel'. High-speed steel is characterized by its high hardness, wear resistance, and ability to retain hardness at elevated temperatures. Key alloying elements typically include tungsten, molybdenum, chromium, vanadium, and cobalt. The product must also be 'flat-rolled' (e.g., hot-rolled or cold-rolled) and have a width not exceeding 600 mm. Products that do not meet these specific metallurgical and dimensional criteria would be classified elsewhere.
What documentation is typically required for importing goods classified under HS code 722620?
Importers and customs brokers should be prepared to provide a commercial invoice detailing the value, quantity, and description of the goods. A packing list is also standard. Crucially, for HS code 722620, a certificate of analysis or mill test certificate is often required to verify that the steel meets the specifications for high-speed steel, including its chemical composition and mechanical properties. Depending on the importing country and any preferential trade agreements claimed, a certificate of origin may also be necessary.
How is the import duty for HS code 722620 calculated, and can you provide an example?
The calculation of import duty depends on whether the duty rate is ad valorem (a percentage of the value) or specific (a fixed amount per unit of quantity), or a combination. For HS code 722620, many countries currently have a 0.00% ad valorem duty rate. If, hypothetically, a country had a specific duty of $50 per metric ton and an ad valorem duty of 3.5%, and you imported 10 metric tons valued at $50,000, the duty calculation would be: (10 metric tons * $50/metric ton) + (3.5% * $50,000) = $500 + $1,750 = $2,250. However, for this specific code, a 0.00% rate means no duty is typically levied based on value or quantity under the standard MFN tariff.
Which common trade agreements might offer preferential duty rates for HS code 722620?
Several trade agreements can impact duty rates for HS code 722620. For imports into the United States, the USMCA (United States-Mexico-Canada Agreement) may offer preferential treatment for goods originating from Canada or Mexico, though the MFN rate is already 0.00%. For imports into the European Union, agreements with countries like Switzerland, Norway, or specific preferential trade agreements with other nations could potentially lead to reduced or zero duties, though these must be verified against the EU's TARIC database and the specific terms of each agreement. Similarly, the UK has numerous trade agreements that could affect imports. Always verify the origin of the goods and the specific provisions of applicable FTAs.