HS Code for Steel Billet (HS 7207.11)
Square billet (typically 130x130 mm or 150x150 mm) is the primary semi-finished feedstock for rebar and wire-rod re-rollers. Traded FOB Black Sea, Turkey, ASEAN, and increasingly India. CBAM Annex I; embedded emissions are the single biggest CBAM variable in the steel chain (BF-BOF ~2.1 tCO2/t vs EAF ~0.4 tCO2/t).
Sample 6-digit codes
| Code | Description |
|---|---|
| 7207.11 | Semi-finished, rectangular cross-section, C < 0.25% |
| 7207.12 | Other rectangular semis, C < 0.25% |
| 7207.19 | Other, non-rectangular semis |
| 7207.20 | Semi-finished, C >= 0.25% |
Typical import duty by market
| Market | Duty |
|---|---|
| European Union | 0% MFN zero; safeguard TRQ; CBAM Annex I from 2026. |
| United States | 25% Section 232; some country exemptions. |
| India (BCD) | 7.5% |
| GCC | 5% |
Numerical Example: 10,000 MT 150x150 billet, FOB Iskenderun USD 495/MT, CIF Alexandria
10,000 MT 150x150 billet, FOB Iskenderun USD 495/MT, CIF Alexandria. Run your own numbers in the Import Duty & Tax calculator.
- · CBAM Annex I - embedded emissions declaration mandatory.
- · EN 10025 for structural feedstock chemistry.
- · IS 2831 India billet standard.
- · China
- · Russia
- · Iran
- · India
- · Turkey
- · Indonesia
- · Vietnam
Frequently asked questions
Billet is a low-margin commodity (USD 30-70/MT gross margin for re-rollers). At EUR 80/tCO2 and 1.9 tCO2/t embedded emissions, CBAM adds ~USD 165/MT - multiples of the trading margin. EAF billet from scrap-based mills (Turkey, India) becomes structurally advantaged over BF-BOF.
Import duty and tax by destination market
Typical MFN duty, consumption tax and the tax base applied to metals (HS 7207.11) in each market we cover. Rates are indicative at the 6-digit line | confirm the national 8/10-digit code with your broker.
| Market | Duty | Consumption tax | Tax base | Tax as % of CIF |
|---|---|---|---|---|
| India | 7.5% | IGST 18% | Assessable value + duty | 27.1% |
| United Arab Emirates | 5% | VAT 5% | CIF + duty | 10.3% |
| Saudi Arabia | 5% | VAT 15% | CIF + duty | 20.8% |
| Singapore | 5% | GST 9% | CIF + duty | 14.4% |
| China | 5% | VAT 13% | CIF + duty | 18.6% |
| United States | 0% | Federal VAT 0% | CIF | 0.3% |
| United Kingdom | 5% | VAT 20% | CIF + duty | 26.0% |
| Germany | 5% | USt 19% | CIF + duty | 24.9% |
| Netherlands | 5% | BTW 21% | CIF + duty | 27.1% |
| Vietnam | 5% | VAT 10% | CIF + duty | 15.5% |
| Türkiye | 15% | KDV 20% | CIF + duty | 38.0% |
| Japan | 5% | JCT 10% | CIF + duty | 15.5% |
| South Korea | 5% | VAT 10% | CIF + duty | 15.5% |
| Brazil | 12% | IPI+PIS/COFINS+ICMS 32% | CIF + duty | 47.8% |
| Indonesia | 5% | PPN 11% | CIF + duty | 19.1% |
| Mexico | 5% | IVA 16% | CIF + duty | 22.7% |
| Egypt | 5% | VAT 14% | CIF + duty | 19.7% |
| Nigeria | 5% | VAT 7.5% | CIF + duty | 14.5% |
| South Africa | 5% | VAT 15% | Assessable value + duty | 22.8% |
| Australia | 5% | GST 10% | CIF + duty | 15.5% |
Run your own numbers with the landed cost calculator or check documentation requirements in the LC document checklist.