About HS Code 720249
This HS code refers to ferro-chromium, an essential ferro-alloy used primarily in the production of stainless steel and other high-chromium alloys. Specifically, this sub-category covers ferro-chromium with a low carbon content (4% or less), often referred to as low-carbon ferro-chromium (LC FeCr) or medium-carbon ferro-chromium (MC FeCr). It's crucial for imparting corrosion resistance, hardness, and strength to steel, making it indispensable for applications ranging from kitchenware to industrial machinery. Major players in this trade are ferro-alloy producers and stainless steel manufacturers. The 'CBAM' tag signifies its inclusion in the EU's Carbon Border Adjustment Mechanism, impacting trade costs and reporting requirements due to its energy-intensive production process, highlighting a growing focus on sustainable trade practices.
Products Under This Code
Low-carbon ferro-chromium lumps, Medium-carbon ferro-chromium briquettes, Ferro-chromium fines (low C), Refined ferro-chromium, Charge chrome (low C), Chromium metal (alloyed)
Real World Examples
Glencore (ferro-chrome production), Samancor Chrome, Merafe Resources, Outokumpu (stainless steel production), Acerinox (stainless steel production)
Common Misclassification
This is for *low-carbon* ferro-chromium, differentiating it from high-carbon ferro-chromium (720241) or other ferro-alloys like ferro-manganese (720211).
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 7202.49
Industry
This code belongs to the Metals & Metal Products industry.
Trade Overview
South Africa, Kazakhstan, and India are leading exporters of ferro-chromium, with China, the EU, and the US being major importers for their stainless steel industries.
Frequently Asked Questions
What is HS code 720249?
HS code 720249 covers: Ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon. This HS code refers to ferro-chromium, an essential ferro-alloy used primarily in the production of stainless steel and other high-chromium alloys. Specifically, this sub-category covers ferro-chromium with a low carbon content (4% or less), often referred to as low-carbon ferro-chromium (LC FeCr) or medium-carbon ferro-chromium (MC FeCr). It's crucial for imparting corrosion resistance, hardness, and strength to steel, making it indispensable for applications ranging from kitchenware to industrial machinery. Major players in this trade are ferro-alloy producers and stainless steel manufacturers. The 'CBAM' tag signifies its inclusion in the EU's Carbon Border Adjustment Mechanism, impacting trade costs and reporting requirements due to its energy-intensive production process, highlighting a growing focus on sustainable trade practices.
What products fall under HS code 720249?
Low-carbon ferro-chromium lumps, Medium-carbon ferro-chromium briquettes, Ferro-chromium fines (low C), Refined ferro-chromium, Charge chrome (low C), Chromium metal (alloyed)
What are common misclassifications for HS code 720249?
This is for *low-carbon* ferro-chromium, differentiating it from high-carbon ferro-chromium (720241) or other ferro-alloys like ferro-manganese (720211).
How is HS code 720249 structured?
HS code 720249 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 (49) specify the subheading. This code is standardized globally by the World Customs Organization.