HS 722710 Of high-speed steel
Quick Answer: Wire rod of high-speed steel imported under HS 722710 enters the UK and EU duty-free, while the US applies a Most Favored Nation (MFN) rate of 14% and a free rate. This classification specifically covers hot-rolled or cold-formed wire rod made from high-speed steel, a type of alloy steel known for its hardness and ability to retain it at high temperatures, making it suitable for cutting tools. Importers should be aware of these varying duty rates across major markets. CustomTariffs aggregates this information, highlighting the importance of verifying specific country of origin rules and any potential trade agreements that might influence the final duty liability.
What Are the Import Duty Rates?
🇬🇧 United Kingdom
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7227100000 | 0.00 % | — | — |
🇪🇺 European Union (TARIC)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7227100000 | 0.00 % | — | — |
🇺🇸 United States (HTSUS)
| Code | MFN | Preferential | Unit |
|---|---|---|---|
| 7227100000 | 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 722710 cover?
This subheading covers bars and rods of high-speed steel, hot-rolled, hot-extruded or cold-finished. According to the WCO Harmonized System Explanatory Notes and definitions found in official tariff schedules like the USITC Harmonized Tariff Schedule (HTS) and the EU's TARIC, high-speed steel is characterized by its high hardness, wear resistance, and ability to retain hardness at elevated temperatures, typically due to significant additions of tungsten, molybdenum, vanadium, and chromium. These characteristics make them suitable for cutting tools and other demanding applications.
What falls outside HS 722710?
The following products are excluded from HS 722710: bars and rods of other alloy steels not meeting the specific composition and performance criteria of high-speed steel, as well as finished articles made from high-speed steel, such as drills, milling cutters, or taps, which would be classified under Chapter 82. Also excluded are semi-finished products like ingots or billets of high-speed steel, which are typically classified under heading 7206 or 7207, depending on their form and processing stage.
What are common classification mistakes for HS 722710?
A common error is misidentifying the steel as "high-speed steel" when it does not meet the specific alloying element requirements or performance characteristics defined by the WCO or national tariff authorities. For instance, general alloy steels with moderate alloying additions might be mistakenly classified here. Adherence to General Rule of Interpretation (GRI) 1 and 3 is crucial, ensuring that the material's composition and intended use, as defined by the HS nomenclature, are correctly assessed before assigning this subheading.
How should importers classify products under HS 722710?
The correct procedure for classifying products under HS 722710 involves first determining if the bars or rods are indeed made of high-speed steel based on their chemical composition and properties. Importers and customs brokers must consult the technical specifications provided by the manufacturer and compare them against the definitions of high-speed steel in the relevant tariff schedule, such as the USITC HTS or the UK Trade Tariff. Verification of the form (bars or rods) and the manufacturing process (hot-rolled, hot-extruded, or cold-finished) is also essential.
How is the duty calculated for products under HS 722710?
A shipment of 1,000 kilograms of M2 high-speed steel round bars, declared at a customs value of $15,000 USD, would attract a US duty of $2,250. This is calculated using the Most Favored Nation (MFN) duty rate of 15% ad valorem, as published in the USITC Harmonized Tariff Schedule (HTS) for subheading 7227.10.0000. The calculation is: 15% of $15,000 USD = $2,250 USD.
Which trade agreements reduce duties for HS 722710?
Several free trade agreements may reduce the applicable duty rate for HS 722710, including the United States-Mexico-Canada Agreement (USMCA), which can result in a duty rate of Free for originating goods from Canada and Mexico, provided a valid self-certified origin statement is submitted. For goods originating from certain developing countries under the Generalized System of Preferences (GSP), the duty rate can also be Free, requiring a GSP Form A. The EU's Free Trade Agreement with the UK can lead to a Free duty rate for originating goods, necessitating an EUR.1 movement certificate.
```Which HS Codes Are Related?
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FAQ
What are the typical import duty rates for HS code 722710 (bars and rods, hot-rolled or cold-formed, of high-speed steel)?
Import duty rates for HS 722710 vary by country. For example, under the US Harmonized Tariff Schedule (HTS), the Most Favored Nation (MFN) duty rate is 0.00%. In the European Union, under the TARIC system, the rate is also 0.00%. The UK Trade Tariff lists a rate of Free. However, other countries may have different rates, such as 14% in some instances, depending on specific trade agreements or national tariff schedules. Always consult the specific tariff schedule of the importing country for the definitive rate.
What defines 'high-speed steel' for HS classification under 722710?
High-speed steel is a tool steel characterized by its high hardness, red hardness, and wear resistance at elevated temperatures. Key alloying elements typically include tungsten (often 18% or more), molybdenum, chromium, and vanadium. The World Customs Organization (WCO) and national customs authorities rely on the chemical composition and metallurgical properties to determine if a steel meets the definition of high-speed steel for classification under HS 722710. Importers should ensure their product specifications clearly indicate these alloying elements and properties.
Are there specific documentation requirements for importing goods classified under HS 722710?
While standard import documentation such as commercial invoices, packing lists, and bills of lading are always required, specific documentation for HS 722710 may include a certificate of analysis or technical specification sheet from the manufacturer. This documentation should detail the chemical composition and properties of the steel to substantiate its classification as 'high-speed steel'. This is particularly important if customs authorities question the classification or if preferential duty rates are claimed under trade agreements that have specific material content requirements.
How are import duties calculated for HS 722710 if a duty rate applies?
The calculation depends on whether the duty is ad valorem (a percentage of the value) or specific (a fixed amount per unit of quantity). For example, if a country imposes a 5% ad valorem duty on HS 722710 and the declared value of the imported high-speed steel bars is $10,000, the duty would be $10,000 * 5% = $500. If a specific duty of $0.50 per kilogram applies and you import 2,000 kg, the duty would be 2,000 kg * $0.50/kg = $1,000. Many tariffs use a combination of ad valorem and specific duties, or have different rates based on preferential trade agreements.
Which common trade agreements might offer preferential duty rates for HS 722710?
Preferential duty rates for HS 722710 can be accessed through various trade agreements. For instance, goods originating from countries that are part of the EU's network of Free Trade Agreements (FTAs) may benefit from reduced or zero duties when imported into the EU. Similarly, goods qualifying under the terms of the USMCA (United States-Mexico-Canada Agreement) or other bilateral FTAs involving the United States may have preferential access. Importers must ensure that the goods meet the rules of origin stipulated in the relevant trade agreement and possess the necessary proof of origin documentation, such as a certificate of origin.