About HS Code 720229
This HS code encompasses ferro-silicon with a silicon content of 55% or less by weight. This grade of ferro-silicon is widely utilized in the steel and foundry industries, serving as an effective deoxidizer, a graphitizing agent in cast iron production, and an alloying element to enhance the mechanical properties of steel. While it has a lower silicon concentration compared to 720221, it remains a critical input for various steel grades, particularly in basic steelmaking and for specific cast iron applications where a moderate silicon addition is sufficient. The global trade in this material is driven by the widespread demand from the construction, automotive, and machinery sectors. Importers are typically countries with significant steel and foundry industries, while exporters are often nations with access to raw materials like quartz and competitive energy sources for its energy-intensive production. Market participants must monitor global steel output and energy costs to anticipate demand and price fluctuations.
Products Under This Code
Standard ferrosilicon, FeSi 45%, FeSi 50%, Low-silicon ferrosilicon, Ferrosilicon briquettes (low Si), Ferrosilicon powder (low Si), Foundry ferrosilicon
Real World Examples
Elkem FeSi 45, Ferroglobe FeSi 50, Rima Group standard ferrosilicon, Erdos Ferrosilicon (lower grades)
Common Misclassification
This code is often confused with 720221 (ferro-silicon with more than 55% silicon) due to the critical silicon content threshold, which dictates its specific applications and applicable tariffs. It should also not be mistaken for silicon metal (280461).
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 7202.29
Industry
This code belongs to the Metals & Metal Products industry.
Trade Overview
Major importers include India, Turkey, and Mexico, with key exporters being China, Russia, and Brazil.
Frequently Asked Questions
What is HS code 720229?
HS code 720229 covers: Ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon. This HS code encompasses ferro-silicon with a silicon content of 55% or less by weight. This grade of ferro-silicon is widely utilized in the steel and foundry industries, serving as an effective deoxidizer, a graphitizing agent in cast iron production, and an alloying element to enhance the mechanical properties of steel. While it has a lower silicon concentration compared to 720221, it remains a critical input for various steel grades, particularly in basic steelmaking and for specific cast iron applications where a moderate silicon addition is sufficient. The global trade in this material is driven by the widespread demand from the construction, automotive, and machinery sectors. Importers are typically countries with significant steel and foundry industries, while exporters are often nations with access to raw materials like quartz and competitive energy sources for its energy-intensive production. Market participants must monitor global steel output and energy costs to anticipate demand and price fluctuations.
What products fall under HS code 720229?
Standard ferrosilicon, FeSi 45%, FeSi 50%, Low-silicon ferrosilicon, Ferrosilicon briquettes (low Si), Ferrosilicon powder (low Si), Foundry ferrosilicon
What are common misclassifications for HS code 720229?
This code is often confused with 720221 (ferro-silicon with more than 55% silicon) due to the critical silicon content threshold, which dictates its specific applications and applicable tariffs. It should also not be mistaken for silicon metal (280461).
How is HS code 720229 structured?
HS code 720229 is a 6-digit subheading under the Harmonized System. The first 2 digits (72) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (29) specify the subheading. This code is standardized globally by the World Customs Organization.