Understanding HS Code For Steel
Steel is the backbone of modern industry, widely used in construction, automobiles, infrastructure, machinery, and consumer goods. In international trade, steel products are identified and classified using the Harmonized System (HS) codes, which provide a standardized method of categorizing goods.
Steel products are covered under Chapter 72 – Iron And Steel, while finished articles made of steel often fall under Chapter 73 – Articles Of Iron Or Steel.
Importance Of HS Code For Steel
Accurate HS classification for steel is essential for:
- Customs Compliance: Prevents penalties and ensures fast clearance.
- GST Application: Correct HS code ensures accurate taxation.
- Export Incentives: Helps exporters claim benefits and duty drawbacks.
- Global Trade: HS codes provide consistency across all countries.
HS Code Classification For Steel
The steel chapter is divided into categories based on form and processing:
- 7206 – 7212: Semi-finished steel, flat-rolled products (sheets, plates, coils)
- 7213 – 7217: Bars, rods, wire of iron or steel
- 7218 – 7229: Stainless steel products (bars, rods, wire, sheets)
- 7301 – 7326 (Chapter 73): Finished articles of steel like structures, pipes, tubes, fasteners, tools
GST Rates For Steel In India
Steel products in India attract GST depending on their type and use:
- Iron & Steel (Chapter 72): 18% GST
- Articles Of Steel (Chapter 73): 18% GST
- Special steel alloys, stainless steel products: 18% GST
This uniform taxation simplifies trade and ensures predictability for manufacturers and buyers.
HS Codes And GST Rates For Steel
Here’s a detailed table listing common steel products with HS codes and GST rates:
⚙️ GST Rates on Iron & Steel Products (2025)
| 🛠️ Product | 📦 HS Code | 🔍 Category | 💰 GST Rate |
|---|---|---|---|
| 🏗️ Pig Iron & Spiegeleisen | 7201 | Raw iron used in steel manufacturing | 18% |
| ⚗️ Ferro Alloys | 7202 | Alloy additives used in steel production | 18% |
| 🔩 Semi-Finished Steel | 7206 | Steel billets, blooms, slabs | 18% |
| 📏 Flat-Rolled Products | 7208–7212 | Hot/cold rolled sheets, plates, coils | 18% |
| 🔧 Steel Bars & Rods | 7213–7215 | Rebars, structural rods for construction | 18% |
| 🧵 Steel Wire | 7217 | Drawn wire for fencing, cables, fasteners | 18% |
| 🧲 Stainless Steel Flats | 7219–7220 | Stainless steel sheets, plates, coils | 18% |
| 🛢️ Steel Pipes & Tubes | 7303–7306 | Seamless and welded tubes for transport | 18% |
| 🔨 Steel Articles | 7326 | Miscellaneous hardware, tools, fabricated parts | 18% |
🏗️ Note: Most raw and finished iron/steel products attract a flat GST of 18%, irrespective of form or processing level.
Final Thoughts On HS Code For Steel
Steel products fall under Chapter 72 (Iron & Steel) and Chapter 73 (Articles of Steel) in the HS system. In India, most steel items attract a uniform 18% GST, simplifying compliance for industries.
For businesses dealing in steel, correct HS classification ensures smoother customs clearance, proper GST application, and access to government trade benefits
FAQs
Steel is classified under Chapter 72 – Iron And Steel.
Most steel products attract 18% GST.
Steel pipes and tubes are classified under HS 7303–7306
Yes, stainless steel products are also under Chapter 72 (HS 7218–7229).
Yes, HS codes are harmonized globally at the 6-digit level, though national extensions vary.
