About HS Code 720120
This category encompasses a specific type of non-alloy pig iron, distinguished by its relatively high phosphorus content (over 0.5% by weight). This material is a crucial intermediate product in the metallurgical industry, primarily used for producing certain types of cast iron, especially those requiring good fluidity and wear resistance, such as in the manufacture of engine blocks, brake drums, and other heavy castings. Its trade involves large industrial players, including foundries, steel mills, and specialized metal processors. Major importers are typically countries with robust manufacturing sectors, particularly automotive and heavy machinery industries, while exporters are often nations with significant iron ore mining and primary metal production capabilities. Key things to know include its role as a foundational raw material, the impact of global steel demand on its price and trade volumes, and the increasing scrutiny on its carbon footprint due to its energy-intensive production process, especially with initiatives like CBAM.
Products Under This Code
High-phosphorus pig iron ingots, Foundry pig iron, Basic pig iron with high P, Nodular pig iron feedstock, Cast iron precursor, Sintered pig iron blocks, Granulated pig iron (high P)
Real World Examples
Tata Steel high-phosphorus pig iron, Baosteel foundry pig iron, ArcelorMittal basic pig iron, JFE Steel pig iron for castings
Common Misclassification
This code can be confused with 720110 (non-alloy pig iron with less than 0.5% phosphorus) due to the subtle difference in phosphorus content, and 720150 (alloy pig iron) if other alloying elements are present, leading to incorrect duty calculations.
EU Regulatory Requirements
This product falls under the Carbon Border Adjustment Mechanism (CBAM). Importers to the EU must declare embedded carbon emissions and purchase CBAM certificates.
Products Classified Under 7201.20
Industry
This code belongs to the Metals & Metal Products industry.
Trade Overview
Top importing countries often include Germany, Japan, and the USA, while major exporters are typically Russia, Brazil, and India.
Frequently Asked Questions
What is HS code 720120?
HS code 720120 covers: Iron; non-alloy pig iron containing by weight more than 0.5% of phosphorus, in pigs, blocks or other primary forms. This category encompasses a specific type of non-alloy pig iron, distinguished by its relatively high phosphorus content (over 0.5% by weight). This material is a crucial intermediate product in the metallurgical industry, primarily used for producing certain types of cast iron, especially those requiring good fluidity and wear resistance, such as in the manufacture of engine blocks, brake drums, and other heavy castings. Its trade involves large industrial players, including foundries, steel mills, and specialized metal processors. Major importers are typically countries with robust manufacturing sectors, particularly automotive and heavy machinery industries, while exporters are often nations with significant iron ore mining and primary metal production capabilities. Key things to know include its role as a foundational raw material, the impact of global steel demand on its price and trade volumes, and the increasing scrutiny on its carbon footprint due to its energy-intensive production process, especially with initiatives like CBAM.
What products fall under HS code 720120?
High-phosphorus pig iron ingots, Foundry pig iron, Basic pig iron with high P, Nodular pig iron feedstock, Cast iron precursor, Sintered pig iron blocks, Granulated pig iron (high P)
What are common misclassifications for HS code 720120?
This code can be confused with 720110 (non-alloy pig iron with less than 0.5% phosphorus) due to the subtle difference in phosphorus content, and 720150 (alloy pig iron) if other alloying elements are present, leading to incorrect duty calculations.
How is HS code 720120 structured?
HS code 720120 is a 6-digit subheading under the Harmonized System. The first 2 digits (72) identify the chapter, digits 3-4 (01) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.